REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
Greatdeed Limited |
REGISTERED NUMBER: |
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 |
Current assets |
Cash at bank |
Creditors: amounts falling due within one year |
5 |
Net current assets |
Total assets less current liabilities |
Creditors: amounts falling due after more than one year |
6 |
( |
) |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 7 |
Investment property reserve |
Retained earnings |
Shareholders' funds |
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 were approved by the Board of Directors and authorised for issue on |
Greatdeed Limited (Registered number: 02551784) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | Statutory information |
Greatdeed Limited is a |
Registered number: |
Registered office: |
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 |
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 |
Revaluations | 240,000 |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
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 |
Other creditors |
6. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Other creditors |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary A | £1 | 6,600 | 6,600 |
Ordinary B | £1 | 6,600 | 6,600 |
Ordinary C | £1 | 6,600 | 6,600 |
Ordinary D | £1 | 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. |