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REGISTERED NUMBER: 07413610 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Greenes Property Management Ltd

Greenes Property Management Ltd (Registered number: 07413610)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Greenes Property Management Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: B T Greene





REGISTERED OFFICE: Unit 2 Jackman Mews
London
NW2 7AU





REGISTERED NUMBER: 07413610 (England and Wales)






Greenes Property Management Ltd (Registered number: 07413610)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 824,393 846,648

CURRENT ASSETS
Debtors 5 379,000 379,000
Cash at bank 9,175 10,781
388,175 389,781
CREDITORS
Amounts falling due within one year 6 24,551 25,892
NET CURRENT ASSETS 363,624 363,889
TOTAL ASSETS LESS CURRENT LIABILITIES 1,188,017 1,210,537

CREDITORS
Amounts falling due after more than one
year

7

1,137,787

1,156,472
NET ASSETS 50,230 54,065

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,228 54,063
SHAREHOLDERS' FUNDS 50,230 54,065

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 May 2024 and were signed by:





B T Greene - Director


Greenes Property Management Ltd (Registered number: 07413610)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Greenes Property Management 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.

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.
Freehold property - 2% on cost
Improvements to property - 10% on cost

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,055,021 11,550 1,066,571
DEPRECIATION
At 1 November 2022 212,993 6,930 219,923
Charge for year 21,100 1,155 22,255
At 31 October 2023 234,093 8,085 242,178
NET BOOK VALUE
At 31 October 2023 820,928 3,465 824,393
At 31 October 2022 842,028 4,620 846,648

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Greenes Property Holding Ltd 379,000 379,000

Greenes Property Management Ltd (Registered number: 07413610)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors (1 ) -
Tax 6,963 2,642
Other creditors 16,000 16,000
Accrued expenses 1,589 7,250
24,551 25,892

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Other loans - 2-5 years 970,647 962,166
Directors loan account 167,140 194,306
1,137,787 1,156,472