Garrison Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03187767

		30 September 2026		30 April 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		385,000		701,785

			385,000		701,785
CURRENT ASSETS
Debtors	5	1,246,511		43,769
Cash at bank and in hand		-		1,340,121

		1,246,511		1,383,890
Creditors: Amounts Falling Due Within One Year	6	-		(106,930 )

NET CURRENT ASSETS (LIABILITIES)			1,246,511		1,276,960

TOTAL ASSETS LESS CURRENT LIABILITIES			1,631,511		1,978,745

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		-		(40,677 )

NET ASSETS			1,631,511		1,938,068

CAPITAL AND RESERVES
Called up share capital	8		500,002		500,002
Profit and Loss Account			1,131,509		1,438,066

SHAREHOLDERS' FUNDS			1,631,511		1,938,068

Page 1

Page 2

Garrison Associates Limited

Balance Sheet (continued)

As At 30 September 2026

For the period ending 30 September 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

Mrs Margaret Warner

Director

30/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Garrison Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03187767 . The registered office is 80 Guildhall Street, Bury St Edmunds, Suffolk, IP33 1QB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the rental income from investment properties.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Plant & Machinery	10-25% on cost
Fixtures & Fittings	10-25% on cost

2.4. Investment Properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 May 2025	700,000	8,341	11,736	720,077
Additions	4,226	-	-	4,226
Disposals	-	(8,341 )	(11,736 )	(20,077 )
Revaluation	(319,226 )	-	-	(319,226 )

As at 30 September 2026	385,000	-	-	385,000

...CONTINUED

Page 3

Page 4

Garrison Associates Limited

Notes to the Financial Statements (continued)

For the Period 1 May 2025 to 30 September 2026

Depreciation
As at 1 May 2025	-	6,556	11,736	18,292
Disposals	-	(6,556 )	(11,736 )	(18,292 )

As at 30 September 2026	-	-	-	-

Net Book Value
As at 30 September 2026	385,000	-	-	385,000

As at 1 May 2025	700,000	1,785	-	701,785

Freehold land and buildings are exclusively investment properties. The two investment properties were independently valued in August and September 2026.

5. Debtors

	30 September 2026	30 April 2025
	£	£
Due within one year
Prepayments and accrued income	-	1,436
VAT	-	2,136
Directors' loan accounts	1,236,368	30,054

	1,236,368	33,626
Due after more than one year
Corporation tax recoverable assets	10,143	10,143

	1,246,511	43,769

6. Creditors: Amounts Falling Due Within One Year

	30 September 2026	30 April 2025
	£	£
Trade creditors	-	16,057
Corporation tax	-	32,044
Accruals and deferred income	-	58,829

	-	106,930

7. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances and the future tax impact of fair value gains and losses on investment properties.

	30 September 2026	30 April 2025
	£	£
Other timing differences	-	40,677

Page 4

Page 5

Garrison Associates Limited

Notes to the Financial Statements (continued)

For the Period 1 May 2025 to 30 September 2026

8. Share Capital

	30 September 2026	30 April 2025
	£	£
Allotted, Called up and fully paid	500,002	500,002

9. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 May 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2026
	£	£	£	£	£
Mrs Margaret Warner	30,054	1,232,314	26,000	-	1,236,368

The above loan is unsecured and repayable on demand. Interest has been paid at the HMRC official rate.

10. Reserves

	Profit and Loss Account
	£
As at 1 May 2025	1,438,066
Loss for the period and total comprehensive income	(280,557 )

Dividends paid	(26,000)

As at 30 September 2026	1,131,509

Revaluation of investment properties has resulted in a negative fair value reserve of £145,154. This represents unrealised losses on the future sale of the properties.

11. Ultimate Controlling Party

The company's ultimate controlling party is Margaret Warner by virtue of her ownership of 100% of the issued share capital in the company.