Grey Seal Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12473492

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,020		14,119

			14,020		14,119
CURRENT ASSETS
Debtors	5	58,520		5,985
Cash at bank and in hand		19,246		91,080

		77,766		97,065
Creditors: Amounts Falling Due Within One Year	6	(57,028 )		(83,273 )

NET CURRENT ASSETS (LIABILITIES)			20,738		13,792

TOTAL ASSETS LESS CURRENT LIABILITIES			34,758		27,911

NET ASSETS			34,758		27,911

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			34,756		27,909

SHAREHOLDERS' FUNDS			34,758		27,911

Page 1

Page 2

Grey Seal Properties 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 Alexander Demianenko

Director

02/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Grey Seal Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12473492 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.

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 recognised as rental income received.

2.3. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 March 2025	14,119
Additions	4,449
Disposals	(4,548 )

As at 28 February 2026	14,020

Net Book Value
As at 28 February 2026	14,020

As at 1 March 2025	14,119

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Grey Seal Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	1,290	721
Amounts owed by associates	57,230	5,264

	58,520	5,985

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	1,132	633
Bridging loan	50,000	50,335
Directors' loan accounts	5,896	32,305

	57,028	83,273

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

8. Related Party Transactions

DUV Properties Limited

Mutual shareholders

£5,264 (2025: £5,264) outstanding debtor balance.

Grey Fox Properties Limited

Mutual shareholders.

£51,966 (2025: £0) oustanding debtor balance.

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