Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity4444falsetruefalse 08008210 2023-04-01 2024-03-31 08008210 2022-04-01 2023-03-31 08008210 2024-03-31 08008210 2023-03-31 08008210 c:Director1 2023-04-01 2024-03-31 08008210 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 08008210 d:Buildings d:ShortLeaseholdAssets 2024-03-31 08008210 d:Buildings d:ShortLeaseholdAssets 2023-03-31 08008210 d:MotorVehicles 2023-04-01 2024-03-31 08008210 d:MotorVehicles 2024-03-31 08008210 d:MotorVehicles 2023-03-31 08008210 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08008210 d:FurnitureFittings 2023-04-01 2024-03-31 08008210 d:FurnitureFittings 2024-03-31 08008210 d:FurnitureFittings 2023-03-31 08008210 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08008210 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08008210 d:CurrentFinancialInstruments 2024-03-31 08008210 d:CurrentFinancialInstruments 2023-03-31 08008210 d:Non-currentFinancialInstruments 2024-03-31 08008210 d:Non-currentFinancialInstruments 2023-03-31 08008210 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08008210 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08008210 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08008210 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08008210 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 08008210 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08008210 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08008210 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08008210 d:ShareCapital 2024-03-31 08008210 d:ShareCapital 2023-03-31 08008210 d:RetainedEarningsAccumulatedLosses 2024-03-31 08008210 d:RetainedEarningsAccumulatedLosses 2023-03-31 08008210 c:FRS102 2023-04-01 2024-03-31 08008210 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08008210 c:FullAccounts 2023-04-01 2024-03-31 08008210 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08008210 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08008210 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08008210 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08008210









GREYWACKE ENTERPRISES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GREYWACKE ENTERPRISES LIMITED
REGISTERED NUMBER: 08008210

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
63,051
72,408

  
63,051
72,408

Current assets
  

Stocks
 6 
16,569
16,192

Debtors: amounts falling due within one year
 7 
303,803
284,489

Cash at bank and in hand
 8 
10,842
11,872

  
331,214
312,553

Creditors: amounts falling due within one year
 9 
(363,270)
(237,307)

Net current (liabilities)/assets
  
 
 
(32,056)
 
 
75,246

Total assets less current liabilities
  
30,995
147,654

Creditors: amounts falling due after more than one year
 10 
(23,333)
(43,333)

Provisions for liabilities
  

Deferred tax
 12 
-
(12,444)

  
 
 
-
 
 
(12,444)

Net assets
  
7,662
91,877


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
7,562
91,777

  
7,662
91,877


Page 1

 
GREYWACKE ENTERPRISES LIMITED
REGISTERED NUMBER: 08008210
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Director considers 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 Director acknowledges his 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 statement of income and retained earnings 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: 




M Richards
Director

Date: 6 March 2025

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

Page 2

 
GREYWACKE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Greywacke Enterprises Limited is a private company, limited by shares, registered in England and Wales. The address of the company’s registered office is 101 Regents Park Road, London, England, NW1 8UR.
The principal activity during the year continued to be that of running a restaurant.

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

Revenue

Revenue represents income received in respect of food and beverage sales in relation to the restaurant business during the period, net of VAT and trade discounts.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GREYWACKE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

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:

Short-term leasehold property
-
over the term of the lease
Motor vehicles
-
25% on written down value
Fixtures and fittings
-
25% on written down value

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
GREYWACKE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the accounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:
Depreciation, amortisation and residual values
The Directors have reviewed the asset lives and associated residual values of all fixed asset classes, and have concluded that asset lives and residual values are appropriate.
Recoverability of debtors
The Directors have considered this and have impaired the debtor balance as is appropriate over the doubt of its recoverability. 


4.


Employees

The average monthly number of employees, including directors, during the year was 44 (2023 - 44).

Page 5

 
GREYWACKE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
22,745
1,799
324,814
349,358


Additions
-
-
10,337
10,337


Disposals
-
(1,799)
-
(1,799)



At 31 March 2024

22,745
-
335,151
357,896



Depreciation


At 1 April 2023
16,532
1,540
258,878
276,950


Charge for the year on owned assets
710
-
18,725
19,435


Disposals
-
(1,540)
-
(1,540)



At 31 March 2024

17,242
-
277,603
294,845



Net book value



At 31 March 2024
5,503
-
57,548
63,051



At 31 March 2023
6,213
259
65,936
72,408


6.


Stocks

2024
2023
£
£

Closing stock
16,569
16,192

16,569
16,192


Page 6

 
GREYWACKE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
109,865
172,558

Other debtors
174,538
72,091

Prepayments
19,400
39,840

303,803
284,489


The amount stated in respect of amounts due from group companies is stated after impairment following the liquidation of the subsidiary company, Heskie & Co Limited. The impairment is charged to the profit and loss account.


8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,842
11,872

Less: bank overdrafts
(6,254)
-

4,588
11,872



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
6,254
-

Bank loans
20,000
20,000

Trade creditors
107,469
105,381

Corporation tax
28,326
42,033

Other taxation and social security
102,283
36,793

Other creditors
61,381
20,964

Accruals and deferred income
37,557
12,136

363,270
237,307


Page 7

 
GREYWACKE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
23,333
43,333

23,333
43,333



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 1-2 years

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 2-5 years

Bank loans
3,333
23,333


3,333
23,333


43,333
63,333


Page 8

 
GREYWACKE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Deferred taxation




2024


£






At beginning of year
(12,444)


Charged to profit or loss
12,444



At end of year
-

2024
2023
£
£


Accelerated capital allowances
-
(12,444)

-
(12,444)

 
Page 9