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Registered number: 04878799
Girton Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04878799
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,851,565 3,661,000
3,851,565 3,661,000
CURRENT ASSETS
Debtors 5 1,764,586 1,244,782
Cash at bank and in hand 508,795 1,224,366
2,273,381 2,469,148
Creditors: Amounts Falling Due Within One Year 6 (33,004 ) (37,088 )
NET CURRENT ASSETS (LIABILITIES) 2,240,377 2,432,060
TOTAL ASSETS LESS CURRENT LIABILITIES 6,091,942 6,093,060
PROVISIONS FOR LIABILITIES
Deferred Taxation (223,925 ) (223,925 )
NET ASSETS 5,868,017 5,869,135
CAPITAL AND RESERVES
Called up share capital 7 102 102
Share premium account 3,417,594 3,417,594
Revaluation reserve 9 810,175 810,175
Profit and Loss Account 1,640,146 1,641,264
SHAREHOLDERS' FUNDS 5,868,017 5,869,135
Page 1
Page 2
For the year ending 31 March 2025 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 C A Jessup
Director
12 November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Girton Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04878799 . The registered office is 1 Station Court, Girton Road, Cannock, WS11 0EJ.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT. The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from operating leases net of any incentives given to the lessees is recognised on a straight line basis over the lease term.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 3,661,000
Additions 190,565
As at 31 March 2025 3,851,565
The directors are of the opinion that the fair value of the investment property, based on an open market valuation, as at 31 March 2025, accords to value shown on the balance sheet, being £3,851,565.  
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 2,646,737 2,456,172
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,525 725
Prepayments and accrued income 449 19,036
Other debtors 4,086 -
VAT - 498
Directors' loan accounts 920,076 -
Amounts owed by group undertakings 428,618 418,894
1,357,754 439,153
Due after more than one year
Amounts owed by group undertakings 406,832 805,629
1,764,586 1,244,782
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,221 1,022
Corporation tax 2,207 30,141
VAT 4,073 -
Accruals and deferred income 21,503 5,196
Directors' loan accounts - 729
33,004 37,088
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
102 Ordinary Shares of £ 1.00 each 102 102
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Clive Jessup - 920,076 - - 920,076
The director's loan has been provided at the rate of 2.25% and is repayable on demand.
9. Reserves
Revaluation Reserve
£
As at 1 April 2024 810,175
As at 31 March 2025 810,175
10. Related Party Transactions
The parent company of Girton Properties Limited is Girton Investment Holdings Limited, a company incorporated in the UK, which shares the same registered office address.
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