IRIS Accounts Production v24.3.2.46 03538954 director 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035389542023-04-30035389542024-04-30035389542023-05-012024-04-30035389542022-04-30035389542022-05-012023-04-30035389542023-04-3003538954ns15:EnglandWales2023-05-012024-04-3003538954ns14:PoundSterling2023-05-012024-04-3003538954ns10:Director12023-05-012024-04-3003538954ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003538954ns10:SmallEntities2023-05-012024-04-3003538954ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003538954ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003538954ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003538954ns10:FullAccounts2023-05-012024-04-3003538954ns10:OrdinaryShareClass12023-05-012024-04-3003538954ns10:CompanySecretary12023-05-012024-04-3003538954ns10:RegisteredOffice2023-05-012024-04-3003538954ns5:CurrentFinancialInstruments2024-04-3003538954ns5:CurrentFinancialInstruments2023-04-3003538954ns5:ShareCapital2024-04-3003538954ns5:ShareCapital2023-04-3003538954ns5:RevaluationReserve2024-04-3003538954ns5:RevaluationReserve2023-04-3003538954ns5:RetainedEarningsAccumulatedLosses2024-04-3003538954ns5:RetainedEarningsAccumulatedLosses2023-04-3003538954ns5:PlantMachinery2023-05-012024-04-3003538954ns5:PlantMachinery2023-04-3003538954ns5:PlantMachinery2024-04-3003538954ns5:PlantMachinery2023-04-3003538954ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003538954ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003538954ns10:OrdinaryShareClass12024-04-3003538954ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 03538954 (England and Wales)















GREYFRIARS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GREYFRIARS LIMITED (REGISTERED NUMBER: 03538954)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


GREYFRIARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mrs L Butters





SECRETARY: Mrs L Butters





REGISTERED OFFICE: The Tree House
1A The Beeches
Off Beechfield Gardens
Spalding
Lincolnshire
PE11 1UN





REGISTERED NUMBER: 03538954 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

GREYFRIARS LIMITED (REGISTERED NUMBER: 03538954)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 87
Investment property 5 350,000 350,000
350,000 350,087

CURRENT ASSETS
Debtors 6 4,452 5,238
Cash at bank 11,392 28,246
15,844 33,484
CREDITORS
Amounts falling due within one year 7 44,928 74,752
NET CURRENT LIABILITIES (29,084 ) (41,268 )
TOTAL ASSETS LESS CURRENT LIABILITIES 320,916 308,819

PROVISIONS FOR LIABILITIES 25,995 19,800
NET ASSETS 294,921 289,019

CAPITAL AND RESERVES
Called up share capital 8 200 200
Revaluation reserve 9 170,913 177,152
Retained earnings 123,808 111,667
SHAREHOLDERS' FUNDS 294,921 289,019

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 24 January 2025 and were signed by:





Mrs L Butters - Director


GREYFRIARS LIMITED (REGISTERED NUMBER: 03538954)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Greyfriars 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received from the company's properties. Revenue is recognised in the period for which the rents received relate to.

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 - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is valued at directors valuation.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

GREYFRIARS LIMITED (REGISTERED NUMBER: 03538954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 2,160
DEPRECIATION
At 1 May 2023 2,073
Charge for year 87
At 30 April 2024 2,160
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 87

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 350,000
NET BOOK VALUE
At 30 April 2024 350,000
At 30 April 2023 350,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 350,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 153,092 153,092

The investment properties were valued on current market value basis on 30 April 2021 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,452 5,238

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,590 -
Taxation and social security 2,754 2,776
Other creditors 37,584 71,976
44,928 74,752

GREYFRIARS LIMITED (REGISTERED NUMBER: 03538954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023 177,152
Property revaluations (6,239 )

At 30 April 2024 170,913