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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
04398507
2023-04-01
2024-03-31
04398507
2024-03-31
04398507
2023-03-31
04398507
2022-04-01
2023-03-31
04398507
2023-03-31
04398507
2022-03-31
04398507
core:PlantMachinery
2023-04-01
2024-03-31
04398507
core:FurnitureFittings
2023-04-01
2024-03-31
04398507
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
04398507
bus:Director1
2023-04-01
2024-03-31
04398507
core:WithinOneYear
2024-03-31
04398507
core:WithinOneYear
2023-03-31
04398507
core:AfterOneYear
2024-03-31
04398507
core:AfterOneYear
2023-03-31
04398507
core:ShareCapital
2024-03-31
04398507
core:ShareCapital
2023-03-31
04398507
core:RetainedEarningsAccumulatedLosses
2024-03-31
04398507
core:RetainedEarningsAccumulatedLosses
2023-03-31
04398507
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-31
04398507
core:Non-currentFinancialInstruments
2024-03-31
04398507
core:Non-currentFinancialInstruments
2023-03-31
04398507
bus:SmallEntities
2023-04-01
2024-03-31
04398507
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
04398507
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
04398507
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
04398507
bus:AbridgedAccounts
2023-04-01
2024-03-31
04398507
core:ComputerEquipment
2023-04-01
2024-03-31
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
|
All of the members of Greylands Investments Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
04398507
GREYLANDS INVESTMENTS LIMITED |
|
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS |
|
GREYLANDS INVESTMENTS LIMITED |
|
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
GREYLANDS INVESTMENTS LIMITED |
|
YEAR ENDED 31 MARCH 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Greylands Investments Limited for the year ended 31 March 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
28 January 2025
GREYLANDS INVESTMENTS LIMITED |
|
ABRIDGED STATEMENT OF FINANCIAL POSITION |
|
31 March 2024
Fixed assets
Tangible assets |
4 |
|
187 |
|
319 |
Investments |
5 |
|
466,188 |
|
466,188 |
|
|
------------ |
|
------------ |
|
|
466,375 |
|
466,507 |
|
|
|
|
|
|
Current assets
Cash at bank and in hand |
– |
|
1,292 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
20,211 |
|
8,413 |
|
|
------------ |
|
------------ |
|
Net current liabilities |
|
20,211 |
|
7,121 |
|
|
------------ |
|
------------ |
Total assets less current liabilities |
|
446,164 |
|
459,386 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
481,580 |
|
480,480 |
|
|
------------ |
|
------------ |
Net liabilities |
|
(
35,416) |
|
(
21,094) |
|
|
------------ |
|
------------ |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
1,000 |
|
1,000 |
Profit and loss account |
|
(
36,416) |
|
(
22,094) |
|
|
------------ |
|
------------ |
Shareholders deficit |
|
(
35,416) |
|
(
21,094) |
|
|
------------ |
|
------------ |
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
GREYLANDS INVESTMENTS LIMITED |
|
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
|
31 March 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
28 January 2025
, and are signed on behalf of the board by:
Company registration number:
04398507
GREYLANDS INVESTMENTS LIMITED |
|
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 121 Wheelwright Road, Birmingham, B24 8EZ.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The member's attention is drawn to the deficit showing on the balance sheet. The accounts have been prepared on the going concern basis, following assurances from the director that he will not be calling for repayment of his loan account for the foreseeable future.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents the realisable value of rents receivable and work undertaken during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Office Equipment |
- |
15% reducing balance |
|
Fixtures and fittings |
- |
15% straight line |
|
Computer equipment |
- |
25% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Tangible assets
|
£ |
Cost |
|
At 1 April 2023 and 31 March 2024 |
11,089 |
|
------------ |
Depreciation |
|
At 1 April 2023 |
10,770 |
Charge for the year |
132 |
|
------------ |
At 31 March 2024 |
10,902 |
|
------------ |
Carrying amount |
|
At 31 March 2024 |
187 |
|
------------ |
At 31 March 2023 |
319 |
|
------------ |
|
|
5.
Investments
|
£ |
Cost |
|
At 1 April 2023 and 31 March 2024 |
466,188 |
|
------------ |
Impairment |
|
At 1 April 2023 and 31 March 2024 |
– |
|
------------ |
Carrying amount |
|
At 31 March 2024 |
466,188 |
|
------------ |
At 31 March 2023 |
466,188 |
|
------------ |
|
|
6.
Contingencies
The amount due to Lendinvest Btl Limited is secured by a fixed charge on the investment property owned by the company in respect to which the loan was granted. There is a fixed and floating charge over all the assets of the company for all monies due in favour of Barclays Bank Plc dated 11 April 2008.
7.
Director's advances, credits and guarantees
Amounts owed to the director at the balance sheet date are included in creditors and totalled £45,226 (2022 £16,600).