Company Registration No. 04113408 (England and Wales)
Greathall Limited
Unaudited accounts
for the year ended 30 June 2024
Greathall Limited
Unaudited accounts
Contents
Greathall Limited
Company Information
for the year ended 30 June 2024
Company Number
04113408 (England and Wales)
Registered Office
Standard House
107 - 115 Eastmoor Street
London
SE7 8LX
United Kingdom
Accountants
Valuemaven Business Services (UK) Limited
7 Lita Mews
Romford
London
RM1 3FG
Greathall Limited
Statement of financial position
as at 30 June 2024
Investment property
9,006,376
9,006,376
Debtors
1,259,169
1,274,372
Cash at bank and in hand
37,793
36,441
Creditors: amounts falling due within one year
(172,786)
(2,052,434)
Net current assets/(liabilities)
1,124,176
(741,621)
Total assets less current liabilities
10,130,552
8,264,755
Creditors: amounts falling due after more than one year
(3,880,949)
(2,091,366)
Provisions for liabilities
Deferred tax
(1,649,960)
(1,253,970)
Net assets
4,599,643
4,919,419
Called up share capital
2
2
Revaluation reserve
650,000
650,000
Profit and loss account
3,949,641
4,269,417
Shareholders' funds
4,599,643
4,919,419
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 26 March 2025 and were signed on its behalf by
X Lita
Director
Company Registration No. 04113408
Greathall Limited
Notes to the Accounts
for the year ended 30 June 2024
Greathall Limited is a private company, limited by shares, registered in England and Wales, registration number 04113408. The registered office is Standard House, 107 - 115 Eastmoor Street, London, SE7 8LX, United Kingdom.
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 rounded to nearest pound.
Turnover represents the value, net of VAT and discounts, of rental income in respect of mix of residential and commercial premises provided to tenants.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Greathall Limited
Notes to the Accounts
for the year ended 30 June 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 July 2023
9,006,376
Fair Value at 30th June 2019.
Included in cost or valuation of investment property is freehold land of £400,000 (2018: £400,000) which is not depreciated.
Amounts falling due within one year
Amounts due from group undertakings etc.
1,013,160
1,064,324
Other debtors
234,679
210,048
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,644
1,832,000
Taxes and social security
25,405
98,977
Loans from directors
80,195
65,915
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
3,880,949
2,091,366
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
Other debtors includes amount receivable of £200,000 (2023: £200,000) from Mirfield London Ltd and £366,491 (2023: £320,000) from Woolwich Road London Limited, £446,669 (2023: £379,054) from Access Property Management Limited, subsidiary companies of Lita Homes Limited and Mr X Lita is a common director.
Greathall Limited
Notes to the Accounts
for the year ended 30 June 2024
The company is fully owned subsidiary of Access Property Management Limited, the company registered in England and Wales.
Access Property Management Limited is fully owned subsidiary of Lita Homes Limited, the company registered in England and Wales.
The ultimate controlling party is Mr X Lita, director and controlling shareholder of Lita Homes Limited.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).