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REGISTERED NUMBER: 02551784 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Greatdeed Limited

Greatdeed Limited (Registered number: 02551784)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Greatdeed Limited (Registered number: 02551784)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investment property 4 840,000 600,000

Current assets
Cash at bank 174,234 141,408

Creditors: amounts falling due within
one year

5

55,777

52,043
Net current assets 118,457 89,365
Total assets less current liabilities 958,457 689,365

Creditors: amounts falling due after
more than one year

6

(350,000

)

(350,000

)

Provisions for liabilities (83,884 ) (26,404 )
Net assets 524,573 312,961

Capital and reserves
Called up share capital 7 33,000 33,000
Investment property reserve 261,733 79,213
Retained earnings 229,840 200,748
Shareholders' funds 524,573 312,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Greatdeed Limited (Registered number: 02551784)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





R F S Wilson FCA DChA - Director


Greatdeed Limited (Registered number: 02551784)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. Statutory information

Greatdeed Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02551784

Registered office: 1 Kelly Road
Hove
BN3 6LD

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 rental income received or receivable for the period.

Investment property
Investment properties are revalued annually at their fair value in accordance with FRS 102 Section 1A. Any changes in fair value are recognised in the profit and loss in the period in which they occur.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Employees and directors

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

Greatdeed Limited (Registered number: 02551784)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. Investment property
Total
£   
Fair value
At 1 October 2023 600,000
Revaluations 240,000
At 30 September 2024 840,000
Net book value
At 30 September 2024 840,000
At 30 September 2023 600,000

The investment property's fair value of £840,000 (2023 - £600,000) was determined by the directors. The valuation was based on market yields from similar properties in the market.


5. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 11,097 7,363
Other creditors 44,680 44,680
55,777 52,043

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 350,000 350,000

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,600 Ordinary A £1 6,600 6,600
6,600 Ordinary B £1 6,600 6,600
6,600 Ordinary C £1 6,600 6,600
6,600 Ordinary D £1 6,600 6,600
6,600 Ordinary E £1 6,600 6,600
33,000 33,000

Greatdeed Limited (Registered number: 02551784)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. Related party disclosures

Creditors include a balance of £394,680 (2023 £394,680) owed to the directors.