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REGISTERED NUMBER: 06504741 (England and Wales)

































Unaudited Financial Statements

For The Year Ended

31 March 2018

for

GREYFOX INVESTMENTS LIMITED

GREYFOX INVESTMENTS LIMITED (REGISTERED NUMBER: 06504741)






Contents of the Financial Statements
For The Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

GREYFOX INVESTMENTS LIMITED

Company Information
For The Year Ended 31 March 2018







DIRECTORS: S O'Neill
B G Adshead





REGISTERED OFFICE: Unit 2 Thetford House
Walderslade Village Centre
Walderslade Road
Chatham
Kent
ME5 9LR





REGISTERED NUMBER: 06504741 (England and Wales)





ACCOUNTANTS: Leavitt Walmsley Associates Limited
Chartered Certified Accountants
8 Eastway
Sale
Cheshire
M33 4DX

GREYFOX INVESTMENTS LIMITED (REGISTERED NUMBER: 06504741)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,552 34,532
Tangible assets 5 5,431 4,082
7,983 38,614

CURRENT ASSETS
Debtors 6 77,084 61,780
Cash at bank and in hand 44,768 35,890
121,852 97,670
CREDITORS
Amounts falling due within one year 7 1,027,597 1,125,372
NET CURRENT LIABILITIES (905,745 ) (1,027,702 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(897,762

)

(989,088

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (897,862 ) (989,188 )
(897,762 ) (989,088 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf
by:





S O'Neill - Director


GREYFOX INVESTMENTS LIMITED (REGISTERED NUMBER: 06504741)

Notes to the Financial Statements
For The Year Ended 31 March 2018

1. STATUTORY INFORMATION

Greyfox Investments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

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

The company's policy of revenue recognition is to recognise a sale when the contractual obligations to the
customer have been fulfilled.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method. Cost
represents the cost of the asset plus all directly attributable costs of bringing the asset to its location and
intended use. Residual values are based on current prices prevailing at the balance sheet date. Gains and
losses on disposal are recognised in profit and loss.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual
provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank and other short-term, highly liquid bank deposits with an original maturity of three
months or less.

Debtors
Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated
irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the
asset is impaired.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 12 ) .

GREYFOX INVESTMENTS LIMITED (REGISTERED NUMBER: 06504741)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 319,625
AMORTISATION
At 1 April 2017 285,093
Amortisation for year 31,980
At 31 March 2018 317,073
NET BOOK VALUE
At 31 March 2018 2,552
At 31 March 2017 34,532

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2017 3,478 22,368 25,846
Additions - 3,648 3,648
Disposals (3,478 ) (5,566 ) (9,044 )
At 31 March 2018 - 20,450 20,450
DEPRECIATION
At 1 April 2017 3,478 18,286 21,764
Charge for year - 2,299 2,299
Eliminated on disposal (3,478 ) (5,566 ) (9,044 )
At 31 March 2018 - 15,019 15,019
NET BOOK VALUE
At 31 March 2018 - 5,431 5,431
At 31 March 2017 - 4,082 4,082

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 53,315 32,668
Other debtors 14,190 10,893
Prepayments 9,579 18,219
77,084 61,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 10,806 18,904
Social security and other taxes 7,086 5,916
VAT 40,212 11,800
Other creditors 2,189 4,596
Directors' current accounts 950,224 1,071,224
Accrued expenses 17,080 12,932
1,027,597 1,125,372

GREYFOX INVESTMENTS LIMITED (REGISTERED NUMBER: 06504741)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.18 31.3.17
£    £   
Within one year 2,584 -
Between one and five years 18,976 22,696
21,560 22,696

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made payments to a director of £121,000. At 31 March 2018 the company was
indebted to the director in the sum of £950,224 (2017: £1,071,224). No interest was charged on these advances
and there were no terms attached to the advances.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Greyfox Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and
the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Greyfox Investments Limited for the year ended 31 March 2018 which comprise the Profit and
loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Greyfox Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greyfox Investments Limited and state those matters that we have agreed to state to the Board of Directors of Greyfox Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Greyfox Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greyfox Investments Limited. You consider that Greyfox Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Greyfox Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Leavitt Walmsley Associates Limited
Chartered Certified Accountants
8 Eastway
Sale
Cheshire
M33 4DX


Date: .............................................