Grebe Property Ltd - Filleted accounts

Registered number

15468547

Grebe Property Ltd

Filleted Accounts

30 April 2026

Grebe Property Ltd
Registered number:		15468547
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		940,000			400,000

Current assets
Debtors	4	117,729			122,514
Cash at bank and in hand		115,273			107,788
		233,002			230,302

Creditors: amounts falling due within one year	5	(590,459)			(613,019)

Net current liabilities			(357,457)			(382,717)

Total assets less current liabilities			582,543			17,283


Provisions for liabilities			(102,600)			-


Net assets			479,943			17,283

Capital and reserves
Called up share capital			100			100
Profit and loss account			479,843			17,183

Shareholders' funds			479,943			17,283

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.




Ian Michael Higgins
Director
Approved by the board on 2 September 2026

Grebe Property Ltd
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		5		5


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 May 2025				400,000
	Surplus on revaluation				540,000
	At 30 April 2026				940,000

	Depreciation
	At 30 April 2026				-

	Net book value
	At 30 April 2026				940,000
	At 30 April 2025				400,000


4	Debtors		2026		2025
£				£

	Trade debtors		117,729		122,514


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Shareholders Loan		553,510		587,846
	Taxation and social security costs		36,049		24,266
	Accruals		900		907
			590,459		613,019


6	Retained earnings

	The split of retained earnings between distributable and non-distributable is as follows:

		Distributable	Non-distributable		Total
		£	£		£

	As at 1 May 2025	17,183	-		17,183
	Profit for financial period	62,260			62,260
	Dividend	(37,000)			(37,000)
	Property revaluation movement		540,000		540,000
	Interest rate swap adjustment				-
	Deferred tax on investment property		(102,600)		(102,600)
	Deferred tax on interest swap				-

		42,443	437,400		479,843


7	Other information

	Grebe Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	44, Stafford Road
	Wallington
	Surrey
	SM6 9AA