Greatrex Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 00371826

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,497		5,290
Investment Properties	5		4,751,828		4,751,828
Investments	6		110,000		110,000

			4,866,325		4,867,118
CURRENT ASSETS
Debtors	7	487,497		62,591
Cash at bank and in hand		769,575		1,024,488

		1,257,072		1,087,079
Creditors: Amounts Falling Due Within One Year	8	(175,209 )		(148,361 )

NET CURRENT ASSETS (LIABILITIES)			1,081,863		938,718

TOTAL ASSETS LESS CURRENT LIABILITIES			5,948,188		5,805,836

PROVISIONS FOR LIABILITIES
Deferred Taxation			(26,171 )		(26,171 )

NET ASSETS			5,922,017		5,779,665

CAPITAL AND RESERVES
Called up share capital	9		3,508		3,508
Revaluation reserve			704,404		704,404
Capital redemption reserve			492		492
Profit and Loss Account			5,213,613		5,071,261

SHAREHOLDERS' FUNDS			5,922,017		5,779,665

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Greatrex Limited

Balance Sheet (continued)

As At 31 March 2026

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A B Greatrex

Director

5 August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Greatrex Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00371826 . The registered office is Gibson House Hurricane Court, Hurricane Close, Stafford, ST16 1GZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:

Rental income

Rental income from operating leases, net of any incentives given to the lessees, is recognised on a straight line basis over the lease term.

Other operating income

Other operating income represents management charges levied on lessees and are recognised in the period in which the services are provided.

Interest receivable

Interest income is recognised using the effective interest method as the company's right to receive payment is established.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings	15% Reducing balance
Computer Equipment	20% Straight line

2.4. Investment Properties

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The investment properties are shown at fair value based on a valuation by the directors.

2.5. 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 tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

...CONTINUED

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Greatrex Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

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.

2.6. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.7. Fixed asset investments

Fixed assets investments relate to works of art. The investment is measured at cost less impairment.

2.8. Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an agreement constitutes a finance transaction it is measured at present value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2025	22,678

As at 31 March 2026	22,678

Depreciation
As at 1 April 2025	17,388
Provided during the period	793

As at 31 March 2026	18,181

Net Book Value
As at 31 March 2026	4,497

As at 1 April 2025	5,290

5. Investment Property

	2026
	£
Fair Value
As at 1 April 2025 and 31 March 2026	4,751,828

The historical cost of the investment property as at 31 March 2026 was £4,021,253 (2025 - £4,021,253).

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Greatrex Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2025	110,000

As at 31 March 2026	110,000

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	110,000

As at 1 April 2025	110,000

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	52,041	49,829
Prepayments and accrued income	22,750	7,999
Other debtors	2,706	4,763
Directors' loan accounts	410,000	-

	487,497	62,591

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	26,309	4,919
Corporation tax	45,510	51,407
Other taxes and social security	2,768	504
VAT	14,483	14,233
Other creditors	17,870	17,870
Accruals and deferred income	68,269	59,428

	175,209	148,361

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
3,508 Ordinary Shares of £ 1.00 each	3,508	3,508

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Greatrex Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Frederick Greatrex	-	410,000	-	-	410,000

The director’s loan account has been provided at an interest rate of 3.75% and is repayable on demand.

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