GRAND (FOLKESTONE) RESIDENTS LIMITED

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

Registered number: 13219592

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		812,270		129,670
Investments	5		1		1

			812,271		129,671
CURRENT ASSETS
Debtors	6	92,275		108,491
Cash at bank and in hand		22,543		2,878

		114,818		111,369
Creditors: Amounts Falling Due Within One Year	7	(562,013 )		(472,555 )

NET CURRENT ASSETS (LIABILITIES)			(447,195 )		(361,186 )

TOTAL ASSETS LESS CURRENT LIABILITIES			365,076		(231,515 )

NET ASSETS/(LIABILITIES)			365,076		(231,515 )

CAPITAL AND RESERVES
Called up share capital	8		49		49
Revaluation reserve	9		777,933		-
Profit and Loss Account			(412,906 )		(231,564 )

SHAREHOLDERS' FUNDS			365,076		(231,515)

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GRAND (FOLKESTONE) RESIDENTS LIMITED

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 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

Mr M Jones

Director

13/10/2026

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

1. General Information

GRAND (FOLKESTONE) RESIDENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13219592 . The registered office is Penelope House, Westerhill Road, Coxheath, Kent, ME17 4DH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 leasehold extensions and property lettings.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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

is not depreciated

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 March 2025	129,670
Revaluation	682,600

As at 28 February 2026	812,270

Net Book Value
As at 28 February 2026	812,270

As at 1 March 2025	129,670

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GRAND (FOLKESTONE) RESIDENTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 March 2025	1

As at 28 February 2026	1

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	1

As at 1 March 2025	1

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	92,275	108,491

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	(1 )	1
Other loans	32,193	30,827
Other creditors	499,551	441,727
Taxation and social security	30,270	-

	562,013	472,555

8. Share Capital

	2026	2025
	£	£
Called Up Share Capital not Paid	44	44
Called Up Share Capital has been paid up	5	5

Amount of Allotted, Called Up Share Capital	49	49

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GRAND (FOLKESTONE) RESIDENTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 March 2025	-	(231,564 )
Loss for year	-	(181,342)

Surplus on revaluation	777,933	-

Other comprehensive income for the year	777,933	-

Total comprehensive income for the year	777,933	(181,342 )

As at 28 February 2026	777,933	(412,906 )

10. Additional notes to the Accounts

These financial statements incorporate adjustments relating to prior financial periods within the current year's profit and loss account and balance sheet, totalling £148,933. These comprise £95,333 relating to lease extensions and property revaluations, £52,200 arising from the reconciliation of the intercompany balance with Grand Folkestone Enterprises Limited, which had not previously been fully reconciled, and £1,400 relating to historic overheads.

The land and property freehold costs reflect the original cost of the freehold, adjusted for 26 lease extensions amounting to £490,616, together with the purchase of a lease. The residential and non-residential elements of the property have been independently valued by a RICS-qualified surveyor at £742,600 plus the purchase of a lease. Totalling £812,270. The freehold has been revalued in the financial statements to reflect this valuation, with the resulting revaluation surplus recognised in a revaluation reserve.

The company reported a loss for the year of £181,342, of which £148,933 relates to adjustments attributable to prior periods. Excluding these prior-period adjustments, the operating loss for the year was £32,410, compared with an operating loss of £28,952 in the previous year.

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