Greenacre Residential Ltd 13984132 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is buying and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13984132 2023-09-01 2024-08-31 13984132 2024-08-31 13984132 bus:Director1 1 2024-08-31 13984132 bus:Director2 1 2024-08-31 13984132 bus:OrdinaryShareClass1 bus:OtherShareType 2024-08-31 13984132 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 13984132 bus:SmallEntities 2023-09-01 2024-08-31 13984132 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13984132 bus:FilletedAccounts 2023-09-01 2024-08-31 13984132 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13984132 bus:RegisteredOffice 2023-09-01 2024-08-31 13984132 bus:Director1 2023-09-01 2024-08-31 13984132 bus:Director1 1 2023-09-01 2024-08-31 13984132 bus:Director2 2023-09-01 2024-08-31 13984132 bus:Director2 1 2023-09-01 2024-08-31 13984132 bus:OrdinaryShareClass1 bus:OtherShareType 2023-09-01 2024-08-31 13984132 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13984132 countries:EnglandWales 2023-09-01 2024-08-31 13984132 bus:Director1 1 2023-08-31 13984132 bus:Director2 1 2023-08-31 13984132 2022-03-17 2023-08-31 13984132 2023-08-31 13984132 bus:Director1 1 2023-08-31 13984132 bus:Director2 1 2023-08-31 13984132 bus:OrdinaryShareClass1 bus:OtherShareType 2023-08-31 13984132 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 13984132 bus:Director1 1 2022-03-17 2023-08-31 13984132 bus:Director2 1 2022-03-17 2023-08-31 13984132 bus:Director1 1 2022-03-16 13984132 bus:Director2 1 2022-03-16 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13984132

Greenacre Residential Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Greenacre Residential Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Greenacre Residential Ltd

Company Information

Directors

H Piric

D Zecevic

Registered office

Suite A4
Skylon Court Coldnose Road
Rotherwas
Hereford
HR2 6JS

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

Greenacre Residential Ltd

(Registration number: 13984132)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

738,298

737,921

Cash at bank and in hand

 

22,953

25,026

 

761,251

762,947

Creditors: Amounts falling due within one year

5

(766,507)

(765,940)

Net liabilities

 

(5,256)

(2,993)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(5,258)

(2,995)

Shareholders' deficit

 

(5,256)

(2,993)

 

Greenacre Residential Ltd

(Registration number: 13984132)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
H Piric
Director

.........................................
D Zecevic
Director

 

Greenacre Residential Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite A4
Skylon Court Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

These financial statements were authorised for issue by the Board on 10 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Greenacre Residential Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Stocks

2024
£

2023
£

Work in progress

738,298

737,921

 

Greenacre Residential Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,140

1,680

Other creditors

765,367

764,260

766,507

765,940

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

7

Related party transactions

Transactions with directors

2024

At 1 September 2023
£

Repayments by director
£

At 31 August 2024
£

H Piric

(392,443)

(750)

(393,193)

D Zecevic

(371,317)

(358)

(371,675)

2023

At 17 March 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

H Piric

-

541

(392,984)

(392,443)

D Zecevic

-

1

(371,318)

(371,317)