IRIS Accounts Production v24.2.0.383 08147346 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081473462022-12-31081473462023-12-31081473462023-01-012023-12-31081473462021-12-31081473462022-01-012022-12-31081473462022-12-3108147346ns15:EnglandWales2023-01-012023-12-3108147346ns14:PoundSterling2023-01-012023-12-3108147346ns10:Director12023-01-012023-12-3108147346ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108147346ns10:SmallEntities2023-01-012023-12-3108147346ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108147346ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108147346ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108147346ns10:FullAccounts2023-01-012023-12-3108147346ns10:Director22023-01-012023-12-3108147346ns10:RegisteredOffice2023-01-012023-12-3108147346ns5:CurrentFinancialInstruments2023-12-3108147346ns5:CurrentFinancialInstruments2022-12-3108147346ns5:ShareCapital2023-12-3108147346ns5:ShareCapital2022-12-3108147346ns5:RetainedEarningsAccumulatedLosses2023-12-3108147346ns5:RetainedEarningsAccumulatedLosses2022-12-3108147346ns5:CostValuation2022-12-3108147346ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108147346ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108147346ns5:CurrentFinancialInstruments2023-01-012023-12-3108147346ns10:Director222022-12-3108147346ns10:Director222021-12-3108147346ns10:Director222023-01-012023-12-3108147346ns10:Director222022-01-012022-12-3108147346ns10:Director222023-12-3108147346ns10:Director222022-12-31
REGISTERED NUMBER: 08147346 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

GREATSCHEME LIMITED

GREATSCHEME LIMITED (REGISTERED NUMBER: 08147346)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREATSCHEME LIMITED

Company Information
for the year ended 31 December 2023







Directors: N Spicer
P F Quigley





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Business address: 10 Market Square
Bicester
Oxfordshire
OX26 6AD





Registered number: 08147346 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

GREATSCHEME LIMITED (REGISTERED NUMBER: 08147346)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £ £ £ £
Fixed assets
Investments 4 - 48,691
Investment property 5 531,676 531,676
531,676 580,367

Current assets
Debtors 6 3,140 2,800
Cash at bank 4,585 22,760
7,725 25,560
Creditors
Amounts falling due within one year 7 407,274 475,185
Net current liabilities (399,549 ) (449,625 )
Total assets less current liabilities 132,127 130,742

Capital and reserves
Called up share capital 48,691 48,691
Retained earnings 83,436 82,051
Shareholders' funds 132,127 130,742

GREATSCHEME LIMITED (REGISTERED NUMBER: 08147346)

Balance Sheet - continued
31 December 2023


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

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

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 16 September 2024 and were signed on its behalf by:





P F Quigley - Director


GREATSCHEME LIMITED (REGISTERED NUMBER: 08147346)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Greatscheme 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 financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 Greatscheme 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Going concern
The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

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

GREATSCHEME LIMITED (REGISTERED NUMBER: 08147346)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Fixed asset investments
Other
investments
£
Cost
At 1 January 2023
and 31 December 2023 48,691
Provisions
Provision for year 48,691
At 31 December 2023 48,691
Net book value
At 31 December 2023 -
At 31 December 2022 48,691

5. Investment property
Total
£
Fair value
At 1 January 2023
and 31 December 2023 531,676
Net book value
At 31 December 2023 531,676
At 31 December 2022 531,676

Investment property was valued by the directors on an open market basis at 31 December 2023.

6. Debtors: amounts falling due within one year
31/12/23 31/12/22
£ £
Other debtors 3,140 2,800

7. Creditors: amounts falling due within one year
31/12/23 31/12/22
£ £
Bank loans and overdrafts 314,685 324,456
Trade creditors 3,312 4,909
Amounts owed to group undertakings - 44,547
Taxation and social security 4,616 1,377
Other creditors 84,661 99,896
407,274 475,185

Included in other creditors above is a loan of £1,141 (2022 - £1,141) from P F Quigley, a company director.

GREATSCHEME LIMITED (REGISTERED NUMBER: 08147346)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£ £
N Spicer
Balance outstanding at start of year 2,347 -
Amounts advanced - 2,347
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,347 2,347