Company Registration No. 07244449 (England and Wales)
Greystones Investments Ltd
Unaudited accounts
for the year ended 31 May 2024
Greystones Investments Ltd
Unaudited accounts
Contents
Greystones Investments Ltd
Company Information
for the year ended 31 May 2024
Directors
Peter Sherlock
Brenda McEvoy
Company Number
07244449 (England and Wales)
Registered Office
40 MORNINGTON ROAD
WOODFORD GREEN
ESSEX
IG8 0TL
ENGLAND
Greystones Investments Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
4,225,379
4,226,485
Cash at bank and in hand
108,925
128,019
Creditors: amounts falling due within one year
(279,013)
(265,367)
Net current assets
291,218
1,905,517
Total assets less current liabilities
4,516,697
6,132,102
Creditors: amounts falling due after more than one year
(2,760,913)
(4,500,069)
Net assets
1,755,784
1,632,033
Called up share capital
100
100
Profit and loss account
1,755,684
1,631,933
Shareholders' funds
1,755,784
1,632,033
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by
Peter Sherlock
Director
Company Registration No. 07244449
Greystones Investments Ltd
Notes to the Accounts
for the year ended 31 May 2024
Greystones Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 07244449. The registered office is 40 MORNINGTON ROAD, WOODFORD GREEN, ESSEX, IG8 0TL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
4,225,379
3,316
4,228,695
At 31 May 2024
4,225,379
3,316
4,228,695
At 1 June 2023
-
2,210
2,210
Charge for the year
-
1,106
1,106
At 31 May 2024
-
3,316
3,316
At 31 May 2024
4,225,379
-
4,225,379
At 31 May 2023
4,225,379
1,106
4,226,485
5
Investments
Subsidiary undertakings
Valuation at 1 June 2023
100
Valuation at 31 May 2024
100
Greystones Investments Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
58,568
58,568
Other debtors
402,738
1,984,297
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
60,000
75,000
Taxes and social security
40,048
29,076
Other creditors
35,000
38,717
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
2,159,350
1,529,099
Other creditors
601,563
548,390
Loans from directors
-
2,422,580
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).