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REGISTERED NUMBER: 14335369 (England and Wales)

















Greenhill Cottages Limited

Financial Statements for the Year Ended 30 September 2024






Greenhill Cottages Limited (Registered number: 14335369)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenhill Cottages Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Mr S B Greenhill
Mrs S J Greenhill





REGISTERED OFFICE: 9 Market Place
Hedon
East Yorkshire
HU12 8JA





REGISTERED NUMBER: 14335369 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Greenhill Cottages Limited (Registered number: 14335369)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,570 7,033
Investment property 5 275,000 241,194
280,570 248,227

CURRENT ASSETS
Debtors 6 1,092 1,788
Cash at bank 2,334 4,723
3,426 6,511
CREDITORS
Amounts falling due within one year 7 162,812 158,797
NET CURRENT LIABILITIES (159,386 ) (152,286 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,184

95,941

CREDITORS
Amounts falling due after more than one
year

8

(108,000

)

(108,000

)

PROVISIONS FOR LIABILITIES (6,561 ) -
NET ASSETS/(LIABILITIES) 6,623 (12,059 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 27,245 -
Retained earnings (20,722 ) (12,159 )
SHAREHOLDERS' FUNDS 6,623 (12,059 )

Greenhill Cottages Limited (Registered number: 14335369)

Balance Sheet - continued
30 September 2024


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

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

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:




Mr S B Greenhill - Director



Mrs S J Greenhill - Director


Greenhill Cottages Limited (Registered number: 14335369)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Greenhill Cottages Limited (Registered number: 14335369)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 7,908 1,128 9,036
Additions 528 - 528
At 30 September 2024 8,436 1,128 9,564
DEPRECIATION
At 1 October 2023 1,977 26 2,003
Charge for year 1,615 376 1,991
At 30 September 2024 3,592 402 3,994
NET BOOK VALUE
At 30 September 2024 4,844 726 5,570
At 30 September 2023 5,931 1,102 7,033

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 241,194
Revaluations 33,806
At 30 September 2024 275,000
NET BOOK VALUE
At 30 September 2024 275,000
At 30 September 2023 241,194

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 33,806
Cost 241,194
275,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 241,194 241,194

Investment property was valued on an open market basis on by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 870 1,606
Prepayments 222 182
1,092 1,788

Greenhill Cottages Limited (Registered number: 14335369)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 189 353
Directors' current accounts 160,511 157,351
Accruals 1,192 1,093
Accrued expenses 920 -
162,812 158,797

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 108,000 108,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 108,000 108,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 108,000 108,000

10. RESERVES
Revaluation
reserve
£   
Investment property 27,245

At 30 September 2024 27,245