2022-11-022024-03-312024-03-31false14457278GREYSTAR PROPERTY HOLDINGS 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GREYSTAR PROPERTY HOLDINGS LTD

Registered Number
14457278
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

GREYSTAR PROPERTY HOLDINGS LTD
Company Information
for the period from 2 November 2022 to 31 March 2024

Directors

BALL, David Stephen
BALL, Gemma Louise

Registered Address

21 Chessum Road
Langford
Biggleswade
SG18 9FU

Registered Number

14457278 (England and Wales)
GREYSTAR PROPERTY HOLDINGS LTD
Statement of Financial Position
31 March 2024

Notes

2024

£

£

Fixed assets
Investment property3186,809
186,809
Current assets
Debtors4925
Cash at bank and on hand115
1,040
Creditors amounts falling due within one year5(71,915)
Net current assets (liabilities)(70,875)
Total assets less current liabilities115,934
Creditors amounts falling due after one year6(128,800)
Net assets(12,866)
Capital and reserves
Profit and loss account(12,866)
Shareholders' funds(12,866)
The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2024, and are signed on its behalf by:
BALL, David Stephen
Director
Registered Company No. 14457278
GREYSTAR PROPERTY HOLDINGS LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis 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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors have considered the company making a loss as part of their going concern assessment. The view of the directors is that, while they acknowledge the company is making a loss, the directors feel that the company is well placed to negotiate the unique set of conditions currently facing the UK economy. In reaching their conclusion the directors have considered their cashflow position for a period of 12 months from the date of sign off. After consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

2024
Average number of employees during the year0
3.Investment property

£
Additions186,809
At 31 March 24186,809
4.Debtors: amounts due within one year

2024

£
Prepayments and accrued income925
Total925
5.Creditors: amounts due within one year

2024

£
Other creditors70,715
Accrued liabilities and deferred income1,200
Total71,915
Included in other creditors are loans from a director and a directors father. The loans are interest free with no set terms for repayment. Included in other creditors is a loan from Greystar Projects Ltd, a company under common control.
6.Creditors: amounts due after one year

2024

£
Bank borrowings and overdrafts128,800
Total128,800
Included in bank borrowings due after more than one year are amounts payable after more than five years of £128,800. Bank loans are secured against property owned by the company.