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REGISTERED NUMBER: 03604927 (England and Wales)













GREYHOUSE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






GREYHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 03604927)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GREYHOUSE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mrs Y C Saville
Mr N Saville
Mr D J Bleich





SECRETARY: Mr N Saville





REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 03604927 (England and Wales)





ACCOUNTANTS: Carston ETL
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

GREYHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 03604927)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £ £
CURRENT ASSETS
Stocks 629,691 629,691
Debtors 4 30,232 126,924
Cash at bank 34,519 10,828
694,442 767,443
CREDITORS
Amounts falling due within one year 5 196,711 191,994
NET CURRENT ASSETS 497,731 575,449
TOTAL ASSETS LESS CURRENT LIABILITIES 497,731 575,449

CREDITORS
Amounts falling due after more than one year 6 1,911 3,557
NET ASSETS 495,820 571,892

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 495,720 571,792
SHAREHOLDERS' FUNDS 495,820 571,892

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 5th February 2025 and were signed on its behalf by:





Mrs Y C Saville - Director


GREYHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 03604927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Greyhouse Properties 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below and have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. The policy adopted for the recognition of rental income is as follows:

Rents received

Turnover representing rental income is recognised when the rent demand raised has been collected from the tenants.

Stocks
Stock of properties is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 30,232 126,924

GREYHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 03604927)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 1,650 1,650
Taxation and social security 4,717 -
Other creditors 190,344 190,344
196,711 191,994

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 1,911 3,557

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£

At 1st July 2023 571,792
Deficit for the year (76,072 )
At 30th June 2024 495,720

9. RELATED PARTY DISCLOSURES

At the balance sheet, there was loan due from related party of £25,772. This loan was unsecured, interest free and repayable on demand.