Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Mrs H Capps 07/10/2014 Mr M G Capps 07/10/2014 22 January 2025 The principal activity of the Company during the financial year was that of commercial property consultants. 09251518 2024-08-31 09251518 bus:Director1 2024-08-31 09251518 bus:Director2 2024-08-31 09251518 2023-08-31 09251518 core:CurrentFinancialInstruments 2024-08-31 09251518 core:CurrentFinancialInstruments 2023-08-31 09251518 core:ShareCapital 2024-08-31 09251518 core:ShareCapital 2023-08-31 09251518 core:RetainedEarningsAccumulatedLosses 2024-08-31 09251518 core:RetainedEarningsAccumulatedLosses 2023-08-31 09251518 core:PlantMachinery 2023-08-31 09251518 core:Vehicles 2023-08-31 09251518 core:OfficeEquipment 2023-08-31 09251518 core:PlantMachinery 2024-08-31 09251518 core:Vehicles 2024-08-31 09251518 core:OfficeEquipment 2024-08-31 09251518 bus:OrdinaryShareClass1 2024-08-31 09251518 bus:OrdinaryShareClass2 2024-08-31 09251518 bus:OrdinaryShareClass3 2024-08-31 09251518 bus:OrdinaryShareClass4 2024-08-31 09251518 2023-09-01 2024-08-31 09251518 bus:FilletedAccounts 2023-09-01 2024-08-31 09251518 bus:SmallEntities 2023-09-01 2024-08-31 09251518 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09251518 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09251518 bus:Director1 2023-09-01 2024-08-31 09251518 bus:Director2 2023-09-01 2024-08-31 09251518 core:PlantMachinery core:TopRangeValue 2023-09-01 2024-08-31 09251518 core:Vehicles 2023-09-01 2024-08-31 09251518 core:OfficeEquipment core:TopRangeValue 2023-09-01 2024-08-31 09251518 2022-09-01 2023-08-31 09251518 core:PlantMachinery 2023-09-01 2024-08-31 09251518 core:OfficeEquipment 2023-09-01 2024-08-31 09251518 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09251518 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 09251518 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 09251518 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 09251518 bus:OrdinaryShareClass3 2023-09-01 2024-08-31 09251518 bus:OrdinaryShareClass3 2022-09-01 2023-08-31 09251518 bus:OrdinaryShareClass4 2023-09-01 2024-08-31 09251518 bus:OrdinaryShareClass4 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09251518 (England and Wales)

GRENPROP LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

GRENPROP LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

GRENPROP LIMITED

BALANCE SHEET

As at 31 August 2024
GRENPROP LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 142,819 25,821
142,819 25,821
Current assets
Debtors 4 2,789 1,431
Cash at bank and in hand 1,692 7,705
4,481 9,136
Creditors: amounts falling due within one year 5 ( 19,769) ( 13,059)
Net current liabilities (15,288) (3,923)
Total assets less current liabilities 127,531 21,898
Provision for liabilities ( 32,400) ( 6,905)
Net assets 95,131 14,993
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 95,031 14,893
Total shareholders' funds 95,131 14,993

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Grenprop Limited (registered number: 09251518) were approved and authorised for issue by the Board of Directors on 22 January 2025. They were signed on its behalf by:

Mrs H Capps
Director
Mr M G Capps
Director
GRENPROP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
GRENPROP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Grenprop Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Grendon House, 15 Matford Ave, Exeter, EX2 4PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured: it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Vehicles 20 % reducing balance
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 September 2023 15,056 33,928 4,457 53,441
Additions 10,852 115,668 1,590 128,110
At 31 August 2024 25,908 149,596 6,047 181,551
Accumulated depreciation
At 01 September 2023 9,294 16,598 1,728 27,620
Charge for the financial year 4,528 5,406 1,178 11,112
At 31 August 2024 13,822 22,004 2,906 38,732
Net book value
At 31 August 2024 12,086 127,592 3,141 142,819
At 31 August 2023 5,762 17,330 2,729 25,821

4. Debtors

2024 2023
£ £
Prepayments 2,622 1,431
VAT recoverable 167 0
2,789 1,431

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 17,999 6,915
Accruals 1,770 1,325
Other taxation and social security 0 4,819
19,769 13,059

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
25 Ordinary A shares of £ 1.00 each 25 25
25 Ordinary B shares of £ 1.00 each 25 25
25 Ordinary C shares of £ 1.00 each 25 25
25 Ordinary D shares of £ 1.00 each 25 25
100 100

Ordinary A, Ordinary B, Ordinary C and Ordinary D shareholders are entitled to one vote per each share held in any circumstances, are entitled to dividend payments and any other distribution and are entitled to participate in a distribution arising from a winding up of the company.

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Year end balance (17,999) (6,915)
Repayment 14,000 0
Advances to directors 8,915 8,757
Maximum Overdrawn Balance in year 18,167 8,757