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Company Registration No. 03351580 (England and Wales)
Gripec Properties Limited Unaudited accounts for the year ended 31 March 2026
Gripec Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gripec Properties Limited Company Information for the year ended 31 March 2026
Directors
Helena Louise Edmonson Guy Edmondson
Secretary
Guy Edmondson
Company Number
03351580 (England and Wales)
Registered Office
Tangley Place Farm House Tangley Lane Worplesdon GU3 3JZ United Kingdom
Accountants
James Norman Business Advisory Limited Castle Hill House 12 Castle Hill Windsor SL4 1PD
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Gripec Properties Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
3
2,650,000
671,283
Current assets
Debtors
4
28,756
8,384
Cash at bank and in hand
1,208,588
1,005,393
1,237,344
1,013,777
Creditors: amounts falling due within one year
5
(128,912)
(63,861)
Net current assets
1,108,432
949,916
Total assets less current liabilities
3,758,432
1,621,199
Provisions for liabilities
Deferred tax
(186,949)
-
Net assets
3,571,483
1,621,199
Capital and reserves
Called up share capital
6
24
24
Revaluation reserve
1,791,768
-
Profit and loss account
1,779,691
1,621,175
Shareholders' funds
3,571,483
1,621,199
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by
Guy Edmondson Director Company Registration No. 03351580
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Gripec Properties Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Gripec Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03351580. The registered office is Tangley Place Farm House, Tangley Lane , Worplesdon, GU3 3JZ, United Kingdom.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% Straight Line
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Gripec Properties Limited Notes to the Accounts for the year ended 31 March 2026
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At valuation
At cost
At 1 April 2025
895,041
500
895,541
Revaluations
1,754,959
-
1,754,959
Disposals
-
(500)
(500)
At 31 March 2026
2,650,000
-
2,650,000
Depreciation
At 1 April 2025
223,758
500
224,258
Surplus on revaluation
(223,758)
-
(223,758)
On disposals
-
(500)
(500)
At 31 March 2026
-
-
-
Net book value
At 31 March 2026
2,650,000
-
2,650,000
At 31 March 2025
671,283
-
671,283
The company's commercial property was revalued to £2,650,000 as at 25 June 2026. The valuation was carried out by Baker Davidson Thomas, an independent professionally qualified valuer, on the basis of market value. The revaluation resulted in a surplus of £1,978,717, which has been credited to the revaluation reserve.
4
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
20,372
-
Accrued income and prepayments
8,384
8,384
28,756
8,384
5
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
4,756
1,482
Trade creditors
10,060
10,061
Taxes and social security
52,050
24,876
Other creditors
-
223
Loans from directors
9
-
Accruals
2,200
1,575
Deferred income
59,837
25,644
128,912
63,861
6
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
24 Ordinary shares of £1 each
24
24
7
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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