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REGISTERED NUMBER: 03986525 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

GREENWAY RAIL AND POWER LIMITED

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENWAY RAIL AND POWER LIMITED

COMPANY INFORMATION
for the Year Ended 31 JULY 2024







DIRECTORS: Mr J Potter
Mr D O'Connor





SECRETARY: Mr B Hannon





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: The Mill
Rectory Farm, Church Lane
Great Brickhill
Milton Keynes
Buckinghamshire
MK17 9AE





REGISTERED NUMBER: 03986525 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,187 9,477

CURRENT ASSETS
Debtors 5 101,897 150,258
Cash at bank and in hand 1,055,756 851,882
1,157,653 1,002,140
CREDITORS
Amounts falling due within one year 6 205,862 113,232
NET CURRENT ASSETS 951,791 888,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

970,978

898,385

PROVISIONS FOR LIABILITIES 7 3,139 692
NET ASSETS 967,839 897,693

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Capital redemption reserve 400 400
Retained earnings 965,439 895,293
SHAREHOLDERS' FUNDS 967,839 897,693

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:




Mr J Potter - Director



Mr D O'Connor - Director


GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024

1. STATUTORY INFORMATION

Greenway Rail and Power 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 presentation currency of the financial statements is the Pound Sterling (£).


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 Greenway Rail and Power 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

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

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 2,143 12,309 53,275 67,727
Additions - 806 15,300 16,106
At 31 July 2024 2,143 13,115 68,575 83,833
DEPRECIATION
At 1 August 2023 1,508 10,879 45,863 58,250
Charge for year 159 559 5,678 6,396
At 31 July 2024 1,667 11,438 51,541 64,646
NET BOOK VALUE
At 31 July 2024 476 1,677 17,034 19,187
At 31 July 2023 635 1,430 7,412 9,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,537 122,456
Other debtors 1,740 1,740
Taxation and social security 13,576 25,273
Prepayments 44 789
101,897 150,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,864 13,819
Corporation tax 189,614 96,523
Taxation and social security 294 -
Accrued expenses 3,090 2,890
205,862 113,232

GREENWAY RAIL AND POWER LIMITED (REGISTERED NUMBER: 03986525)

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

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,139 692

Deferred
tax
£   
Balance at 1 August 2023 692
Accelerated capital allowances 2,447
Balance at 31 July 2024 3,139

8. ULTIMATE CONTROLLING PARTY

The entity is controlled by it's parent company Torus Holdings Limited, a company incorporated in England and Wales.

Registered office: 260 - 270 Butterfield, Great Marlings, Luton, Bedfordshire, LU2 8DL.

Business address: The Mill, Rectory Farm, Church Lane, Great Brickhill, Milton Keynes, Buckinghamshire, MK17 9AE.