Gralaw Two Limited - Filleted accounts

Registered number

04529890

Gralaw Two Limited

Unaudited Filleted Accounts

31 December 2025

Gralaw Two Limited
Registered number:		04529890
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,900,000			3,900,000

Current assets
Debtors	4	84,297			12,916
Cash at bank and in hand		55,548			78,909
		139,845			91,825

Creditors: amounts falling due within one year	5	(1,818,384)			(1,783,244)

Net current liabilities			(1,678,539)			(1,691,419)

Total assets less current liabilities			2,221,461			2,208,581

Creditors: amounts falling due after more than one year	6		(1,502,954)			(1,587,566)

Provisions for liabilities			(412,024)			(412,024)


Net assets			306,483			208,991

Capital and reserves
Called up share capital			1			1
Non distributable reserve			192,797			192,797
Profit and loss account			113,685			16,193

Shareholders' funds			306,483			208,991

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G F Barrett
Director
Approved by the board on 27 August 2026

Gralaw Two Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rents receivable stated net of Value Added Tax.

	Investment properties
	Investment properties are included at fair value at each reporting date with changes in fair value recognised in the profit and loss account. The methods and significant assumptions used to ascertain fair value at the balance sheet date are as follows: The directors who have considerable experience of the property market have revalued the properties based on current yields.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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	2025		2024
Number			Number

	Average number of persons employed by the company	-		-


3	Tangible fixed assets
				Investment properties
£
	Cost
	At 1 January 2025			3,900,000
	At 31 December 2025			3,900,000

	Depreciation
	At 31 December 2025			-

	Net book value
	At 31 December 2025			3,900,000
	At 31 December 2024			3,900,000


	Freehold land and buildings:	2025		2024
£			£
	Historical cost	3,662,937		3,662,937
	Cumulative depreciation based on historical cost	-		-
		3,662,937		3,662,937


4	Debtors	2025		2024
£			£

	Trade debtors	2,994		4,371
	Other debtors	81,303		8,545
		84,297		12,916


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

	Bank loans and overdrafts	67,258		53,212
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,635,108		1,617,498
	Corporation tax	32,497		27,732
	Other taxes and social security costs	10,804		12,185
	Other creditors	72,717		72,617
		1,818,384		1,783,244


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

	Bank loans	1,502,954		1,587,566


7	Loans	2025		2024
£			£
	Creditors include:

	Secured bank loans	1,570,212		1,640,778

	The loan is secured by a fixed and floating charge over the company's assets.


8	Other information

	Gralaw Two Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Barn, Green Farm
	Bovingdon Green
	Bovingdon
	Hertfordshire
	HP3 0LF