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REGISTERED NUMBER: 12975579 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GREENWOOD BUILDING PROJECTS LIMITED

GREENWOOD BUILDING PROJECTS LIMITED (REGISTERED NUMBER: 12975579)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENWOOD BUILDING PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A J COOPER
M D Ward





REGISTERED OFFICE: 38 Albany Road
Salisbury
Wiltshire
SP1 3YH





REGISTERED NUMBER: 12975579 (England and Wales)





ACCOUNTANTS: Ray Bartlett & Co
Accountants & Taxation Consultants
52-54 Winchester Street
Salisbury
Wiltshire
SP1 1HG

GREENWOOD BUILDING PROJECTS LIMITED (REGISTERED NUMBER: 12975579)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,933 31,755

CURRENT ASSETS
Stocks 775,000 328,558
Debtors 5 2,790 2,790
Cash at bank 23,266 249,717
801,056 581,065
CREDITORS
Amounts falling due within one year 6 (488,549 ) (603,319 )
NET CURRENT ASSETS/(LIABILITIES) 312,507 (22,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,440

9,501

CREDITORS
Amounts falling due after more than one
year

7

(170,000

)

-

PROVISIONS FOR LIABILITIES 9 (4,927 ) (5,565 )
NET ASSETS 163,513 3,936

CAPITAL AND RESERVES
Called up share capital 10 200,000 2
Retained earnings 11 (36,487 ) 3,934
SHAREHOLDERS' FUNDS 163,513 3,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

GREENWOOD BUILDING PROJECTS LIMITED (REGISTERED NUMBER: 12975579)

BALANCE SHEET - continued
31 OCTOBER 2024


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 by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:




A J COOPER - Director



M D Ward - Director


GREENWOOD BUILDING PROJECTS LIMITED (REGISTERED NUMBER: 12975579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Greenwood Building Projects 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and Work in Progress represent the cost of the land purchased for redevelopment and the costs of development at the year end.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GREENWOOD BUILDING PROJECTS LIMITED (REGISTERED NUMBER: 12975579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 49,305 4,500 53,805
Additions 5,703 - 5,703
Disposals - (4,500 ) (4,500 )
At 31 October 2024 55,008 - 55,008
DEPRECIATION
At 1 November 2023 21,112 938 22,050
Charge for year 7,963 1,125 9,088
Eliminated on disposal - (2,063 ) (2,063 )
At 31 October 2024 29,075 - 29,075
NET BOOK VALUE
At 31 October 2024 25,933 - 25,933
At 31 October 2023 28,193 3,562 31,755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 2,790 2,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other loans (see note 8) 471,000 594,000
Trade creditors 9,728 9,910
Tax 582 (4,245 )
Social security and other taxes 736 414
VAT 2,832 215
Directors' current accounts 1,971 1,525
Accrued expenses 1,700 1,500
488,549 603,319

.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Directors' loan accounts 170,000 -

GREENWOOD BUILDING PROJECTS LIMITED (REGISTERED NUMBER: 12975579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. LOANS

The company has an unsecured loan from Laverstock Savings & Loans £330,000 (£594,00-2023).

The company has a loan from Octane Capital £141,000 .The loan is secured by a fixed and floating charge over all the assets of the company.

This charge was discharged after the year end on 19th March 2025.

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax
Accelerated capital allowances 4,927 5,565

Deferred Other
tax provisions
£    £   
Balance at 1 November 2023 5,565 5,398
Accelerated capital allowances (638 ) 167
Balance at 31 October 2024 4,927 5,565

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary 1 200,000 2

11. RESERVES
Retained
earnings
£   

At 1 November 2023 3,934
Profit for the year 19,579
Dividends (60,000 )
At 31 October 2024 (36,487 )

GREENWOOD BUILDING PROJECTS LIMITED (REGISTERED NUMBER: 12975579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
M D Ward
Balance outstanding at start of year - 1,381
Amounts repaid - (1,381 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -