Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseAuctioneers76falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00617539 2023-07-01 2024-06-30 00617539 2022-07-01 2023-06-30 00617539 2024-06-30 00617539 2023-06-30 00617539 c:Director1 2023-07-01 2024-06-30 00617539 d:Buildings 2023-07-01 2024-06-30 00617539 d:Buildings 2024-06-30 00617539 d:Buildings 2023-06-30 00617539 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00617539 d:MotorVehicles 2023-07-01 2024-06-30 00617539 d:MotorVehicles 2024-06-30 00617539 d:MotorVehicles 2023-06-30 00617539 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00617539 d:FurnitureFittings 2023-07-01 2024-06-30 00617539 d:FurnitureFittings 2024-06-30 00617539 d:FurnitureFittings 2023-06-30 00617539 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00617539 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00617539 d:Goodwill 2024-06-30 00617539 d:Goodwill 2023-06-30 00617539 d:FreeholdInvestmentProperty 2024-06-30 00617539 d:FreeholdInvestmentProperty 2023-06-30 00617539 d:FreeholdInvestmentProperty 2 2023-07-01 2024-06-30 00617539 d:CurrentFinancialInstruments 2024-06-30 00617539 d:CurrentFinancialInstruments 2023-06-30 00617539 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00617539 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00617539 d:ShareCapital 2024-06-30 00617539 d:ShareCapital 2023-06-30 00617539 d:CapitalRedemptionReserve 2024-06-30 00617539 d:CapitalRedemptionReserve 2023-06-30 00617539 d:InvestmentPropertiesRevaluationReserve 2024-06-30 00617539 d:InvestmentPropertiesRevaluationReserve 2023-06-30 00617539 d:RetainedEarningsAccumulatedLosses 2024-06-30 00617539 d:RetainedEarningsAccumulatedLosses 2023-06-30 00617539 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 00617539 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 00617539 c:FRS102 2023-07-01 2024-06-30 00617539 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 00617539 c:FullAccounts 2023-07-01 2024-06-30 00617539 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00617539 2 2023-07-01 2024-06-30 00617539 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 00617539









R. F. GREASBY (LONDON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
R. F. GREASBY (LONDON) LIMITED
REGISTERED NUMBER: 00617539

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
99,757
105,981

Investment property
 6 
800,000
700,000

  
899,757
805,981

Current assets
  

Debtors: amounts falling due within one year
 7 
20,154
52,043

Cash at bank and in hand
 8 
61,062
54,202

  
81,216
106,245

Creditors: amounts falling due within one year
 9 
(75,448)
(69,144)

Net current assets
  
 
 
5,768
 
 
37,101

Total assets less current liabilities
  
905,525
843,082

Provisions for liabilities
  

Deferred tax
 10 
(195,627)
(178,886)

  
 
 
(195,627)
 
 
(178,886)

Net assets
  
709,898
664,196


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Capital redemption reserve
  
211
211

Investment property reserve
  
663,076
588,076

Profit and loss account
  
44,611
73,909

  
709,898
664,196


Page 1

 
R. F. GREASBY (LONDON) LIMITED
REGISTERED NUMBER: 00617539
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C. A. Sachett
Director

Date: 7 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
R. F. GREASBY (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

R.F.Greasby (London) Limited is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
R. F. GREASBY (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance

Page 4

 
R. F. GREASBY (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
R. F. GREASBY (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 7 (2023 - 6).


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
11,908



At 30 June 2024

11,908



Amortisation


At 1 July 2023
11,908



At 30 June 2024

11,908



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 6

 
R. F. GREASBY (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2023
172,993
26,175
19,911
219,079


Disposals
-
(3,500)
-
(3,500)



At 30 June 2024

172,993
22,675
19,911
215,579



Depreciation


At 1 July 2023
75,062
19,595
18,441
113,098


Charge for the year on owned assets
3,459
1,345
220
5,024


Disposals
-
(2,300)
-
(2,300)



At 30 June 2024

78,521
18,640
18,661
115,822



Net book value



At 30 June 2024
94,472
4,035
1,250
99,757



At 30 June 2023
97,931
6,580
1,470
105,981

Page 7

 
R. F. GREASBY (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
700,000


Surplus on revaluation
100,000



At 30 June 2024
800,000

The 2024 valuations were made by the Directors, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 July 2023
588,076
314,326

Net surplus in movement properties
75,000
-

At 30 June 2024
663,076
314,326





7.


Debtors

2024
2023
£
£


Trade debtors
20,154
52,043

20,154
52,043



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
61,062
54,202

61,062
54,202


Page 8

 
R. F. GREASBY (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,797
5,516

Corporation tax
-
2,342

Other taxation and social security
6,461
19,413

Other creditors
63,215
39,038

Accruals and deferred income
2,975
2,835

75,448
69,144



10.


Deferred taxation




2024


£






At beginning of year
(178,886)


Charged to profit or loss
(16,741)



At end of year
(195,627)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(195,627)
(178,886)

(195,627)
(178,886)


The company has unused tax losses carried forward of £31,325. No Deferred tax asset has been recognised on this amount due to uncertainty over when this will crystallise.


11.


Related party transactions

In other creditors there is a Directors loan of £382 (2022: £382) provided to the company. Interest of 0% is paid on this loan and it is repayable on demand.

 
Page 9