Grangeford Estates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04998294 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

GRANGEFORD ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Posen

Y E Filip

SECRETARY:

J Posen

REGISTERED OFFICE:

115 Craven Park Road

Stamford Hill

London

N15 6BL

REGISTERED NUMBER:

04998294 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

3,737,392

3,730,913

CURRENT ASSETS

Debtors

5

449,967

282,345

Cash at bank

39,176

8,363

489,143

290,708

CREDITORS

Amounts falling due within one year

6

(1,438,163

)

(1,443,113

)

NET CURRENT LIABILITIES

(949,020

)

(1,152,405

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,788,372

2,578,508

CREDITORS

Amounts falling due after more than one year

7

(1,589,553

)

(1,646,727

)

NET ASSETS

1,198,819

931,781

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

1,198,817

931,779

SHAREHOLDERS' FUNDS

1,198,819

931,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 May 2021 and were signed on its behalf by:

J Posen - Director

1.	STATUTORY INFORMATION

Grangeford Estates Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2019

3,730,913

Additions

242,932

Disposals

(236,453

)

At 29 February 2020

3,737,392

NET BOOK VALUE

At 29 February 2020

3,737,392

At 28 February 2019

3,730,913

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Other debtors

276,408

272,908

No description

173,559

-

VAT

-

9,437

449,967

282,345

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade creditors

28,269

13,208

Tax

154,700

128,902

VAT

3,122

-

Other creditors

1,238,982

1,285,363

Sundry creditors

9,940

12,640

Accrued expenses

3,150

3,000

1,438,163

1,443,113

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.20

28.2.19

£

£

Bank loans more 5 yr by instal

1,589,553

1,646,727

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,589,553

1,646,727

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.20

28.2.19

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 March 2019

931,779

Profit for the year

267,038

At 29 February 2020

1,198,817