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REGISTERED NUMBER: 08859942 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

GREENWICH FLOORING LIMITED

GREENWICH FLOORING LIMITED (REGISTERED NUMBER: 08859942)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREENWICH FLOORING LIMITED

COMPANY INFORMATION
for the Year Ended 31ST JANUARY 2024







DIRECTOR: M D E Bayntun





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 08859942 (England and Wales)





ACCOUNTANTS: Underwood Barron Associates Limited
13 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

GREENWICH FLOORING LIMITED (REGISTERED NUMBER: 08859942)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,986,000 3,055,000

CURRENT ASSETS
Debtors 5 1,612,209 1,632,006
Cash at bank 11,814 5,846
1,624,023 1,637,852
CREDITORS
Amounts falling due within one year 6 672,984 761,678
NET CURRENT ASSETS 951,039 876,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,937,039

3,931,174

CREDITORS
Amounts falling due after more than one
year

7

(2,381,450

)

(2,493,945

)

PROVISIONS FOR LIABILITIES (239,837 ) (246,546 )
NET ASSETS 1,315,752 1,190,683

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 719,512 739,638
Retained earnings 596,140 450,945
SHAREHOLDERS' FUNDS 1,315,752 1,190,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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 23rd October 2024 and were signed by:





M D E Bayntun - Director


GREENWICH FLOORING LIMITED (REGISTERED NUMBER: 08859942)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST JANUARY 2024

1. STATUTORY INFORMATION

Greenwich Flooring 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023 3,055,000
Disposals (80,000 )
Revaluations 11,000
At 31st January 2024 2,986,000
NET BOOK VALUE
At 31st January 2024 2,986,000
At 31st January 2023 3,055,000

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2020 512,919
Valuation in 2021 182,100
Valuation in 2022 41,165
Valuation in 2023 250,000
Valuation in 2024 (26,834 )
Cost 2,026,650
2,986,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 2,026,650 2,068,816
Aggregate depreciation (248,487 ) (207,954 )

The investment properties were valued on an open market basis basis on 31st January 2024 by the director of the company. .

GREENWICH FLOORING LIMITED (REGISTERED NUMBER: 08859942)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JANUARY 2024

5. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 7,458 10,765
Amounts owed by associates 2,162 2,162
Other debtors 7,960 7,450
17,580 20,377

Amounts falling due after more than one year:
Amounts owed by associates 1,594,629 1,611,629

Aggregate amounts 1,612,209 1,632,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 33,443 47,107
Trade creditors 1,393 3,812
Amounts owed to associates 96,153 123,408
Taxation and social security 50,169 59,487
Other creditors 491,826 527,864
672,984 761,678

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 967,859 1,030,835
Amounts owed to associates 1,387,654 1,432,554
Other creditors 25,937 30,556
2,381,450 2,493,945

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 834,088 842,408
Other loans more 5yrs instal 6,484 11,325
840,572 853,733

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 1,001,302 1,077,942

GREENWICH FLOORING LIMITED (REGISTERED NUMBER: 08859942)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JANUARY 2024

9. RESERVES
Fair
value
reserve
£   
At 1st February 2023 739,638
Revaluation 17,708
No description (37,834 )

At 31st January 2024 719,512