Gresham Contracts Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02051062 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

GRESHAM CONTRACTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Glibbery

SECRETARY:

Mrs A Glibbery

REGISTERED OFFICE:

Walnut Tree House Popham Close

Chilton Foliat

Hungerford

RG17 0TS

REGISTERED NUMBER:

02051062 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co LLP

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Tangible assets

4

1,511,146

1,472,353

CURRENT ASSETS

Developments in progress

1,120,387

Debtors

5

3,690

8,091

Cash at bank and in hand

246,923

184,461

1,371,000

1,312,939

CREDITORS

Amounts falling due within one year

6

339,915

358,707

NET CURRENT ASSETS

1,031,085

954,232

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,542,231

2,426,585

PROVISIONS FOR LIABILITIES

311,258

301,559

NET ASSETS

2,230,973

2,125,026

CAPITAL AND RESERVES

Called up share capital

100,000

Retained earnings

7

2,130,973

2,025,026

SHAREHOLDERS' FUNDS

2,230,973

2,125,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 September 2026 and were signed by:

M Glibbery - Director

1.	STATUTORY INFORMATION

Gresham Contracts Limited 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 as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Government grants

Government Grants in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Developments in progress

Developments in progress are valued at costs incurred, less foreseeable losses and payments on account. If completed developments are retained for investment purposes the full cost is then transferred to Tangible Fixed Assets.

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.

Investment property

The investment properties are stated at open market valuation provided by the director.

No depreciation or amortisation is provided in respect of freehold investment properties.

This treatment is a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, these properties being held for investment, the director considers that annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.

Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

COST OR VALUATION

At 1 April 2025

1,459,240

23,960

19,000

1,502,200

Revaluations

40,760

-

40,760

At 31 March 2026

1,500,000

23,960

19,000

1,542,960

DEPRECIATION

At 1 April 2025

-

21,417

8,430

29,847

Charge for year

-

381

1,586

1,967

At 31 March 2026

-

21,798

10,016

31,814

NET BOOK VALUE

At 31 March 2026

1,500,000

2,162

8,984

1,511,146

At 31 March 2025

1,459,240

2,543

10,570

1,472,353

Cost or valuation at 31 March 2026 is represented by:

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

Valuation in 2000

91,671

-

91,671

Valuation in 2015

579,232

-

579,232

Valuation in 2016

16,308

-

16,308

Valuation in 2017

70,090

-

70,090

Valuation in 2018

23,363

-

23,363

Valuation in 2023

412,461

-

412,461

Valuation in 2026

40,760

-

40,760

Cost

266,115

23,960

19,000

309,075

1,500,000

23,960

19,000

1,542,960

If the land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

266,115

Aggregate depreciation

140,045

Land and buildings were valued on an open market basis on 31 March 2026 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

2,295

6,723

Prepayments and accrued income

1,395

1,368

3,690

8,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

2,301

1,353

Corporation tax

22,740

45,919

Social security and other taxes

6,739

6,864

Directors Loan Account

267,927

271,028

Accrued expenses

40,208

33,543

339,915

358,707

7.

RESERVES

Retained

earnings

£

At 1 April 2025

2,025,026

Profit for the year

105,947

At 31 March 2026

2,130,973

8.	RELATED PARTY DISCLOSURES

The Directors Loan account balance is repayable within one year.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by M R Glibbery and Mrs A T Glibbery who together own all of the issued share capital.