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REGISTERED NUMBER: 04225104 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GREATVIEW PROPERTIES LIMITED

GREATVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04225104)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREATVIEW PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D Shamash





SECRETARY: M Reiner





REGISTERED OFFICE: 16 St Johns Wood Park
London
NW8 6QP





REGISTERED NUMBER: 04225104 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

GREATVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04225104)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 392,045 384,965

CURRENT ASSETS
Debtors 5 45,526 52,319

CREDITORS
Amounts falling due within one year 6 814,501 812,251
NET CURRENT LIABILITIES (768,975 ) (759,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(376,930

)

(374,967

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (377,030 ) (375,067 )
SHAREHOLDERS' FUNDS (376,930 ) (374,967 )

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

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

GREATVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04225104)

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

The financial statements were approved by the director and authorised for issue on 19 November 2024 and were signed by:





D Shamash - Director


GREATVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04225104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Greatview Properties 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate funds to meet its liabilities to third parties as they fall due.

Turnover
Turnover represents rents receivable from the company's investment properties, excluding value added tax.

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 NIL (2023 - NIL).

GREATVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04225104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 384,965
Additions 7,080
At 31 March 2024 392,045
NET BOOK VALUE
At 31 March 2024 392,045
At 31 March 2023 384,965

Investment property was valued as at 31 March 2024 on the basis of an open market valuation by the director.

If the investment property had not been revalued it would have been included at a historical cost of £392,045 (2023: £384,965) .

At 31 March 2024, the potential liability for taxation that would arise if the investment property was sold at the valuation shown in these accounts would be £nil (2023: £nil).


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 45,526 52,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 607,500 607,500
Directors' current accounts 202,500 202,500
Accruals and deferred income 4,501 2,251
814,501 812,251

7. RELATED PARTY DISCLOSURES

Included in other debtors are amounts of £45,526 (2023: £52,319) due from the company's managing agents, Silverland Properties Limited, a company in which D Shamash is also a director.