Granvale Properties Limited - Filleted accounts

Registered number

02549252

Granvale Properties Limited

Annual Report and unaudited Financial Statements

For the year ended 31 October 2025

Pages for filing with the Registrar

Granvale Properties Limited
Annual Report and unaudited Financial Statements
Contents




Page

Balance sheet	1
Notes to the Financial Statements	2-6

Granvale Properties Limited
Balance Sheet
As at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		280,418			280,523

Current assets
Debtors	4	-			9,198
Cash at bank and in hand		260,478			244,307
		260,478			253,505

Creditors: amounts falling due within one year	5	(294,114)			(290,163)

Net current liabilities			(33,636)			(36,658)

Total assets less current liabilities			246,782			243,865

Creditors: amounts falling due after more than one year	6		(21,386)			(32,832)

Net assets			225,396			211,033

Capital and reserves
Called up share capital			4			4
Profit and loss account			225,392			211,029

Shareholder's funds			225,396			211,033

The director of the company has elected not to include a copy of the profit and loss account within the financial statements delivered to the Registrar of Companies.

For the year ended 31 October 2025 the company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit for the year ended 31 October 2025 in accordance with section 476 of the Act.

These financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board on 27 July 2026 and are signed on its behalf by:


Mr M E Huq
Director

Company Registered No.:		02549252

Granvale Properties Limited
Notes to the Financial Statements
For the year ended 31 October 2025

1	Accounting policies

	Company Information
	Granvale Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 101 Turnpike Lane, London, N8 0DY.

1.1	Accounting Convention
	These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the new companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where addition disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2	Turnover
	Turnover represents proceeds from amounts receivable for services provided on behalf of landlords.

1.3	Tangible fixed assets

	Tangible fixed assets, with the exception of Land and Buildings, are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Furniture, Fittings and Equipment			20% on reducing balance


	Land and Buildings are initially recognised at cost and then measured at fair value with any revaluation increase or decrease recognised in the profit or loss. The fair value is based on a valuation carried out by an independent qualified valuer with relevant experience.


1.4	Cash at bank and in hand
	Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5	Financial Instruments

	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Basic financial assets
	Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

	Classification of financial liabilities
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Basic financial liabilities
	Basic financial liabilities, including creditors, bank loans and other loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.


1.6	Equity Instruments
	Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees
	The average monthly number of persons (including directors) employed by the company during the year was 1 (2024 :1)

3	Tangible fixed assets
		Land and buildings		Furniture, Fittings and Equipment		Total
£			£		£
	Cost
	At 1 November 2024	280,000		22,491		302,491
	At 31 October 2025	280,000		22,491		302,491

	Depreciation
	At 1 November 2024	-		21,968		21,968
	Charge for the year	-		105		105
	At 31 October 2025	-		22,073		22,073

	Net book value
	At 31 October 2025	280,000		418		280,418
	At 31 October 2024	280,000		523		280,523


4	Debtors			2025		2024
£					£

	Trade debtors			-		4,934
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		8	-		4,264
				-		9,198


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts		7	11,446		10,920
	Trade creditors			5,880		2,903
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			-		3,487
	Taxation and social security costs			4,366		4,530
	Director's Loan		8	224,223		218,351
	Accruals and deferred income			23,629		26,737
	Deposits Held			21,994		20,679
	Other creditors			2,576		2,556
				294,114		290,163


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans		7	21,386		32,832

7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			32,832		43,752

	The amount included within bank loans during the year ended 31 October 2025 consists of a loan balance due to Barclays Bank PLC.

	Interest accrues on the loan at a rate of 4.730% per annum.

	This loan is secured by way of a fixed charge over all rental income, property and assets present and future, including goodwill,uncalled capital, buildings, fixtures, fixed plant & machinery in relation to the Ground Floor premises at 101 Turnpike Lane, N8 0DY.


8	Related party transactions

	At the year end, the company owed £224,223 (2024 : £218,351) to Mr M E Huq, the sole director of the company.

	At the year end, the company owed £Nil (2024 : £3,487) by Enam Kulsum Properties Limited, a company controlled by Mr M E Huq.

	At the year end, the company was owed £Nil (2024 : £4,246) by Brookmount Estates Limited, a company controlled by Mr M E Huq.


	At the year end, the company was owed £Nil (2024 : £18) by Foremost Estates Limited, a company in which Mr M E Huq is also a director.

9	Parent Company
	The Parent Company, EKP Trade Holdings Limited, is controlled by Mr M E Huq, the sole director of the company. The registered address of the parent is 101 Turnpike Lane, London, N8 0DY.