GREYS PROPERTY LTD.

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

C A Bennett

K L Johnson

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

12055637 (England and Wales)

ACCOUNTANT:

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

Lloyds Bank Plc

1 Westgate

Huddersfield

West Yorkshire

HD1 2DN

FIXED ASSETS

Tangible assets

4

923,531

942,111

CURRENT ASSETS

Debtors

5

17,500

11,500

Cash at bank and in hand

2,922

3,870

20,422

15,370

CREDITORS

Amounts falling due within one year

6

553,355

548,610

NET CURRENT LIABILITIES

(532,933

)

(533,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

390,598

408,871

CREDITORS

Amounts falling due after more than one year

7

324,400

348,387

NET ASSETS

66,198

60,484

CAPITAL AND RESERVES

Called up share capital

9

400

400

Retained earnings

10

65,798

60,084

SHAREHOLDERS' FUNDS

66,198

60,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

C A Bennett - Director

1.	STATUTORY INFORMATION

Greys Property Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

661,710

115,248

192,726

800

970,484

DEPRECIATION

At 1 December 2024

-

-

27,574

799

28,373

Charge for year

-

-

18,580

-

18,580

At 30 November 2025

-

-

46,154

799

46,953

NET BOOK VALUE

At 30 November 2025

661,710

115,248

146,572

1

923,531

At 30 November 2024

661,710

115,248

165,152

1

942,111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

17,500

11,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts (see note 8)

41,834

44,685

Greys Artstone Ltd

442,464

441,564

VAT

3,673

3,673

Directors' loan accounts

62,711

53,660

Accrued expenses

2,673

5,028

553,355

548,610

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans (see note 8)

324,400

348,387

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

324,400

341,238

8.

LOANS

An analysis of the maturity of loans is given below:

30.11.25

30.11.24

£

£

Amounts falling due within one year or on demand:

Bank loans

41,834

44,685

30.11.25

30.11.24

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

7,149

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

324,400

341,238

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

200

Ordinary Share A

£1

200

200

200

Ordinary Share B

£1

200

200

400

400

10.

RESERVES

Retained

earnings

£

At 1 December 2024

60,084

Profit for the year

5,714

At 30 November 2025

65,798