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REGISTERED NUMBER: 10606110 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2025

for

GREYCOVE LIMITED

GREYCOVE LIMITED (REGISTERED NUMBER: 10606110)

Contents of the Financial Statements
for the year ended 28 February 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GREYCOVE LIMITED

Company Information
for the year ended 28 February 2025







Directors: Mr J Lucas
Mr J C Shiels





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 10606110 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

GREYCOVE LIMITED (REGISTERED NUMBER: 10606110)

Statement of Financial Position
28 February 2025

2025 2024
Notes £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 18,097 33,188
18,097 33,188

Current assets
Debtors 6 122,209 270,570
Cash at bank 11,692 68,302
133,901 338,872
Creditors
Amounts falling due within one year 7 109,690 351,869
Net current assets/(liabilities) 24,211 (12,997 )
Total assets less current liabilities 42,308 20,191

Creditors
Amounts falling due after more than one
year

8

10,732

20,000
Net assets 31,576 191

Capital and reserves
Called up share capital 10 100 100
Retained earnings 31,476 91
Shareholders' funds 31,576 191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

GREYCOVE LIMITED (REGISTERED NUMBER: 10606110)

Statement of Financial Position - continued
28 February 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Mr J Lucas - Director


GREYCOVE LIMITED (REGISTERED NUMBER: 10606110)

Notes to the Financial Statements
for the year ended 28 February 2025


1. Statutory information

Greycove 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2024 - 3 ) .

GREYCOVE LIMITED (REGISTERED NUMBER: 10606110)

Notes to the Financial Statements - continued
for the year ended 28 February 2025


4. Intangible fixed assets
Computer
software
£   
Cost
At 29 February 2024
and 28 February 2025 1,000
Amortisation
At 29 February 2024
and 28 February 2025 1,000
Net book value
At 28 February 2025 -
At 28 February 2024 -

5. Tangible fixed assets
Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 29 February 2024 40,982 8,627 49,609
Additions 42,082 2,819 44,901
Disposals (56,415 ) - (56,415 )
At 28 February 2025 26,649 11,446 38,095
Depreciation
At 29 February 2024 10,246 6,175 16,421
Charge for year 4,996 2,164 7,160
Eliminated on disposal (3,583 ) - (3,583 )
At 28 February 2025 11,659 8,339 19,998
Net book value
At 28 February 2025 14,990 3,107 18,097
At 28 February 2024 30,736 2,452 33,188

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 28,687 123,318
Other debtors 93,522 147,252
122,209 270,570

GREYCOVE LIMITED (REGISTERED NUMBER: 10606110)

Notes to the Financial Statements - continued
for the year ended 28 February 2025


7. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts (see note 9) 5,922 21,649
Trade creditors 244 78,790
Amounts owed to associates - 171,500
Taxation and social security 100,794 36,555
Other creditors 2,730 33,375
109,690 351,869

8. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Bank loans - 20,000
Hire purchase contracts (see note 9) 10,732 -
10,732 20,000

9. Leasing agreements

Non-cancellable operating leases
2025 2024
£    £   
Within one year 2,563 2,563
Between one and five years 7,442 7,442
10,005 10,005

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 28 February 2024:

2025 2024
£    £   
Mr J Lucas
Balance outstanding at start of year - 17,178
Amounts repaid - (17,178 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

GREYCOVE LIMITED (REGISTERED NUMBER: 10606110)

Notes to the Financial Statements - continued
for the year ended 28 February 2025


11. Directors' advances, credits and guarantees - continued

Mr J C Shiels
Balance outstanding at start of year - 17,178
Amounts repaid - (17,178 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -