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REGISTERED NUMBER: 03606871 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Greenham Properties Limited

Greenham Properties Limited (Registered number: 03606871)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Greenham Properties Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: D C Barzotelli





SECRETARY:





REGISTERED OFFICE: 274 Northdown Road
Margate
Kent
CT9 2PT





REGISTERED NUMBER: 03606871 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Greenham Properties Limited (Registered number: 03606871)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,711,563 8,776,325
8,711,563 8,776,325

CURRENT ASSETS
Stocks 2,314,764 1,793,363
Debtors 6 78,015 51,543
Prepayments and accrued income 45,068 -
Cash at bank 283,171 500,192
2,721,018 2,345,098
CREDITORS
Amounts falling due within one year 7 1,047,960 1,381,031
NET CURRENT ASSETS 1,673,058 964,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,384,621

9,740,392

CREDITORS
Amounts falling due after more than one
year

8

4,636,991

4,598,100
NET ASSETS 5,747,630 5,142,292

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 199,671 199,671
Retained earnings 5,546,959 4,941,621
SHAREHOLDERS' FUNDS 5,747,630 5,142,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Greenham Properties Limited (Registered number: 03606871)

Balance Sheet - continued
31 December 2023


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 22 November 2024 and were signed by:





D C Barzotelli - Director


Greenham Properties Limited (Registered number: 03606871)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Greenham 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Greenham Properties Limited (Registered number: 03606871)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 40,000
AMORTISATION
At 1 January 2023
and 31 December 2023 40,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 7,761,135 1,924,586 9,685,721
DEPRECIATION
At 1 January 2023 - 909,396 909,396
Charge for year - 64,762 64,762
At 31 December 2023 - 974,158 974,158
NET BOOK VALUE
At 31 December 2023 7,761,135 950,428 8,711,563
At 31 December 2022 7,761,135 1,015,190 8,776,325

Greenham Properties Limited (Registered number: 03606871)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,379 -
Other debtors 63,636 51,543
78,015 51,543

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 342,006 625,732
Trade creditors 1,752 3,047
Taxation and social security 199,083 153,593
Other creditors 505,119 598,659
1,047,960 1,381,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,636,991 4,598,100

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 199,671

Greenham Properties Limited

Report of the Accountants to the Director of
Greenham Properties Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


22 November 2024