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Registered number: 14379541
Greenwich Re Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14379541
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 305,991 305,991
305,991 305,991
CURRENT ASSETS
Debtors 5 616 -
616 -
Creditors: Amounts falling due within one year 6 (337,218 ) (335,358 )
NET CURRENT ASSETS (LIABILITIES) (336,602 ) (335,358 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,611 ) (29,367 )
NET LIABILITIES (30,611 ) (29,367 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (30,612 ) (29,368 )
SHAREHOLDERS' FUNDS (30,611) (29,367)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniele Dell'Orletta
Director
15/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Greenwich Re Limited is a private company limited by shares, and is incorporated in England & Wales (registered number 14379541 .) Its registered office is located at No. 5 The Heights, Brooklands, Weybridge, Surrey, KT13 0NY.
The principal activity of the company continued to be property investment.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are presented in sterling, which is the functional currency of the company.
2.2. Investment Properties
Investment property is carried at fair value, determined annually by independent external valuers and derived from current market conditions.  No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Taxation
The overall tax charge represents the sum of the tax currently payable and deferred tax.
Current and deferred tax are recognised in the profit and loss account for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.  On the grounds of immateriality, deferred tax assets and liabilities are not discounted.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because it excludes items of income and expenditure that are not taxable or deductible, or that are taxable or deductible in other accounting periods. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise.  Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the financial statements. 
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 305,991
The investment property was originally recognised at purchase price, which included stamp duty and legal fees totalling £27,988.  It has been restated to fair value based on its estimated open market value as at the balance sheet date.
5. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 616 -
Page 2
Page 3
6. Creditors: Amounts falling due within one year
2024 2023
£ £
Other creditors 337,218 335,358
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3