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REGISTERED NUMBER: 03986525 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

GREENWAY RAIL AND POWER LIMITED

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENWAY RAIL AND POWER LIMITED

COMPANY INFORMATION
for the Year Ended 31 JULY 2023







DIRECTORS: Mr J Potter
Mr D O'Connor





SECRETARY: Mr B Hannon





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: The Mill
Rectory Farm, Church Lane
Great Brickhill
Milton Keynes
Buckinghamshire
MK17 9AE





REGISTERED NUMBER: 03986525 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,477 12,636

CURRENT ASSETS
Debtors 5 150,258 27,572
Cash at bank and in hand 851,882 726,605
1,002,140 754,177
CREDITORS
Amounts falling due within one year 6 113,232 66,136
NET CURRENT ASSETS 888,908 688,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

898,385

700,677

PROVISIONS FOR LIABILITIES 7 692 526
NET ASSETS 897,693 700,151

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Capital redemption reserve 400 400
Retained earnings 895,293 697,751
SHAREHOLDERS' FUNDS 897,693 700,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

BALANCE SHEET - continued
31 JULY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:




Mr J Potter - Director



Mr D O'Connor - Director


GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2023

1. STATUTORY INFORMATION

Greenway Rail and Power 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 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.

Preparation of consolidated financial statements
The financial statements contain information about Greenway Rail and Power Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 2,143 12,309 53,275 67,727
DEPRECIATION
At 1 August 2022 1,295 10,404 43,392 55,091
Charge for year 213 475 2,471 3,159
At 31 July 2023 1,508 10,879 45,863 58,250
NET BOOK VALUE
At 31 July 2023 635 1,430 7,412 9,477
At 31 July 2022 848 1,905 9,883 12,636

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 122,456 25,060
Other debtors 1,740 1,740
Taxation and social security 25,273 -
Prepayments 789 772
150,258 27,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,819 5,787
Corporation tax 96,523 57,259
Taxation and social security - 465
Accrued expenses 2,890 2,625
113,232 66,136

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 692 526

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 526
Provided during year 166
Accelerated capital allowances
Balance at 31 July 2023 692

8. ULTIMATE CONTROLLING PARTY

The entity is controlled by it's parent company Torus Holdings Limited, a company incorporated in England and Wales.

Registered office: 260 - 270 Butterfield, Great Marlings, Luton, Bedfordshire, LU2 8DL.

Business address: The Mill, Rectory Farm, Church Lane, Great Brickhill, Milton Keynes, Buckinghamshire, MK17 9AE.