Caseware UK (AP4) 2021.0.152 2021.0.152 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2021-09-01falseNo description of principal activity22 12165363 2021-09-01 2022-08-31 12165363 2020-09-01 2021-08-31 12165363 2022-08-31 12165363 2021-08-31 12165363 c:Director2 2021-09-01 2022-08-31 12165363 d:OfficeEquipment 2021-09-01 2022-08-31 12165363 d:OfficeEquipment 2022-08-31 12165363 d:OfficeEquipment 2021-08-31 12165363 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-09-01 2022-08-31 12165363 d:CurrentFinancialInstruments 2022-08-31 12165363 d:CurrentFinancialInstruments 2021-08-31 12165363 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 12165363 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 12165363 d:ShareCapital 2022-08-31 12165363 d:ShareCapital 2021-08-31 12165363 d:RetainedEarningsAccumulatedLosses 2022-08-31 12165363 d:RetainedEarningsAccumulatedLosses 2021-08-31 12165363 c:OrdinaryShareClass1 2021-09-01 2022-08-31 12165363 c:OrdinaryShareClass1 2022-08-31 12165363 c:OrdinaryShareClass1 2021-08-31 12165363 c:OrdinaryShareClass2 2021-09-01 2022-08-31 12165363 c:OrdinaryShareClass2 2022-08-31 12165363 c:OrdinaryShareClass2 2021-08-31 12165363 c:FRS102 2021-09-01 2022-08-31 12165363 c:AuditExemptWithAccountantsReport 2021-09-01 2022-08-31 12165363 c:FullAccounts 2021-09-01 2022-08-31 12165363 c:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12165363










Greenfriars Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 August 2022





 
Greenfriars Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Greenfriars Ltd for the year ended 31 August 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Greenfriars Ltd for the year ended 31 August 2022 which comprise  the Balance sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Greenfriars Ltd, as a body, in accordance with the terms of our engagement letter dated 6 October 2020Our work has been undertaken solely to prepare for your approval the financial statements of Greenfriars Ltd  and state those matters that we have agreed to state to the Board of directors of Greenfriars Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greenfriars Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Greenfriars Ltd 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 Greenfriars Ltd. You consider that Greenfriars Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Greenfriars Ltd. 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
13 September 2022
Page 1

 
Greenfriars Ltd
Registered number: 12165363

Balance sheet
As at 31 August 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
668
423

  
668
423

Current assets
  

Debtors: amounts falling due within one year
 5 
17,315
6,043

Cash at bank and in hand
  
74,976
33,827

  
92,291
39,870

Creditors: amounts falling due within one year
 6 
(57,147)
(26,068)

Net current assets
  
 
 
35,144
 
 
13,802

Total assets less current liabilities
  
35,812
14,225

  

Net assets
  
35,812
14,225


Capital and reserves
  

Called up share capital 
 7 
200
200

Profit and loss account
  
35,612
14,025

  
35,812
14,225


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 September 2022.




Rufus Aubrey Howard
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Greenfriars Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2022

1.


General information

Greenfriars Limited (“the company”) is a private company limited by shares and is incorporated in England with the registration number 12165363. 
The address of the registered office is 37 St. Margaret's Street, Canterbury, Kent, CT1 2TU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in pound Sterling (£) and rounded to the nearest pound. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
Greenfriars Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2022

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
Greenfriars Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2022

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2021
845


Additions
608



At 31 August 2022

1,453



Depreciation


At 1 September 2021
422


Charge for the year on owned assets
363



At 31 August 2022

785



Net book value



At 31 August 2022
668



At 31 August 2021
423

Page 5

 
Greenfriars Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2022

5.


Debtors

2022
2021
£
£


Trade debtors
17,315
6,043

17,315
6,043



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
20,278
10,152

Other taxation and social security
2,162
1,722

Other creditors
32,667
12,334

Accruals and deferred income
2,040
1,860

57,147
26,068



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100
100 (2021 - 100) B Ordinary shares of £1.00 each
100
100

200

200



Page 6