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REGISTERED NUMBER: 04932432 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

GREENSALE LIMITED

GREENSALE LIMITED (REGISTERED NUMBER: 04932432)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENSALE LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: Mr G C Kerr
Mr A C McCredie





SECRETARY: Mr A C McCredie





REGISTERED OFFICE: Highbrow Nelson
Dalston
Carlisle
Cumbria
CA5 7LE





REGISTERED NUMBER: 04932432 (England and Wales)





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

GREENSALE LIMITED (REGISTERED NUMBER: 04932432)

BALANCE SHEET
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,490 84,321
Investments 5 370,000 370,000
452,490 454,321

CURRENT ASSETS
Stocks 6 7,535 7,700
Debtors 7 65 2,078
Cash at bank 25,024 15,496
32,624 25,274
CREDITORS
Amounts falling due within one year 8 311,081 287,337
NET CURRENT LIABILITIES (278,457 ) (262,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,033

192,258

CREDITORS
Amounts falling due after more than one
year

9

(59,800

)

(59,800

)

PROVISIONS FOR LIABILITIES 10 - (115 )
NET ASSETS 114,233 132,343

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 12 113,933 132,043
SHAREHOLDERS' FUNDS 114,233 132,343

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

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

GREENSALE LIMITED (REGISTERED NUMBER: 04932432)

BALANCE SHEET - continued
31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd May 2024 and were signed on its behalf by:





Mr G C Kerr - Director


GREENSALE LIMITED (REGISTERED NUMBER: 04932432)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Greensale 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.

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.
Improvements to property - 2% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

GREENSALE LIMITED (REGISTERED NUMBER: 04932432)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 111,324 25,932 137,256
DEPRECIATION
At 1st January 2023 27,689 25,246 52,935
Charge for year 1,673 158 1,831
At 31st December 2023 29,362 25,404 54,766
NET BOOK VALUE
At 31st December 2023 81,962 528 82,490
At 31st December 2022 83,635 686 84,321

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2023
and 31st December 2023 370,000
NET BOOK VALUE
At 31st December 2023 370,000
At 31st December 2022 370,000

This investment represents 457 £1 Ordinary Shares in Solway Light Aviation Limited; a company which is
wholly owned by and under the control of the Directors of Greensale Limited. The investment is stated at the
cost to the Company and the Directors have no plans to dispose of this investment in the foreseeable future.

6. STOCKS
31.12.23 31.12.22
£    £   
Stock of fuel 7,535 7,700

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 65 2,078

GREENSALE LIMITED (REGISTERED NUMBER: 04932432)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,595 1,531
Social security and other taxes 996 2,316
Loan - S L A Limited 305,490 283,490
311,081 287,337

The Company received loan advances from Solway Light Aviation Limited during the year . This company is wholly owned and controlled by the Directors of Greensale Limited.

At the 31 December 2023, the total amount owed to Solway Light Aviation Limited was £305,490 (31 December 2022 - £283,490).

The Directors have confirmed that the loan outstanding to S L A Limited is not expected to become repayable for the foreseeable future.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Director's loan account 59,800 59,800

The loans made to the Company by the Directors represent a long term investment, which is not expected
to be repaid in the foreseeable future.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax - 115

Deferred
tax
£   
Balance at 1st January 2023 115
Balance at 31st December 2023 115

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
300 Ordinary £1 300 300

GREENSALE LIMITED (REGISTERED NUMBER: 04932432)

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

12. RESERVES
Retained
earnings
£   

At 1st January 2023 132,043
Deficit for the year (18,110 )
At 31st December 2023 113,933