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Company No: 14016151 (England and Wales)

GREY BUTTERFLY LIMITED

Unaudited Financial Statements
For the financial period from 01 April 2023 to 30 September 2024
Pages for filing with the registrar

GREY BUTTERFLY LIMITED

Unaudited Financial Statements

For the financial period from 01 April 2023 to 30 September 2024

Contents

GREY BUTTERFLY LIMITED

BALANCE SHEET

As at 30 September 2024
GREY BUTTERFLY LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 30.09.2024 31.03.2023
£ £
Fixed assets
Investments 3 101 0
101 0
Current assets
Debtors 4 2,470,464 2,064,001
Cash at bank and in hand 1,991,294 1,898,864
4,461,758 3,962,865
Creditors: amounts falling due within one year 5 ( 503,207) ( 760,201)
Net current assets 3,958,551 3,202,664
Total assets less current liabilities 3,958,652 3,202,664
Net assets 3,958,652 3,202,664
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 3,958,651 3,202,663
Total shareholders' funds 3,958,652 3,202,664

For the financial period ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Grey Butterfly Limited (registered number: 14016151) were approved and authorised for issue by the Director on 02 May 2025. They were signed on its behalf by:

Mr P Chohan
Director
GREY BUTTERFLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2023 to 30 September 2024
GREY BUTTERFLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2023 to 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Grey Butterfly Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 60 Craigweil Avenue, Radlett, WD7 7EY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length is 18 months as the Company extended its year end to 30 September 2024, thus coterminous with other related companies.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
01.04.2023 to
30.09.2024
Period from
31.03.2022 to
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 0 0

3. Fixed asset investments

Investments in subsidiaries

30.09.2024
£
Cost
At 01 April 2023 0
Additions 101
At 30 September 2024 101
Carrying value at 30 September 2024 101
Carrying value at 31 March 2023 0

4. Debtors

30.09.2024 31.03.2023
£ £
Amounts owed by Group undertakings 834,221 430,000
Amounts owed by related parties 17 0
Corporation tax 4 0
Other debtors 1,636,222 1,634,001
2,470,464 2,064,001

5. Creditors: amounts falling due within one year

30.09.2024 31.03.2023
£ £
Amounts owed to associates 500,000 4,759
Taxation and social security 1,132 751,242
Other creditors 2,075 4,200
503,207 760,201

6. Called-up share capital

30.09.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
3 Ordinary A shares of £ 0.001 each 0.00 0.00
3 Ordinary B shares of £ 0.001 each 0.00 0.00
331 Ordinary C shares of £ 0.001 each 0.33 0.33
331 Ordinary D shares of £ 0.001 each 0.33 0.33
332 Ordinary E shares of £ 0.001 each 0.33 0.33
0.99 0.99

7. Related party transactions

Transactions with owners holding a participating interest in the entity

30.09.2024 31.03.2023
£ £
Shareholder loan 17 0
Director loan 2,220 0

During the year the company advanced £431,406 to the shareholder, of which £431,389 was repaid. Interest was charged at a market rate and the balance is repayable upon demand.

During the year the company advanced £2,220 to the director. Interest was charged at a market rate and the balance is repayable upon demand.