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Registered Number: 02453733
England and Wales

 

 

 

GREYSTAGE CONTRACTS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director G A Radmall
Registered Number 02453733
Registered Office Lodge Park
Lodge Lane
Colchester
Essex
CO4 5NE
Accountants Bowgen Limited
274 Ipswich Road
Colchester
Essex
CO4 0ES
1
Director's report and financial statements
The directors present her annual report and the financial statements for the year ended 31 August 2024.
Principal activities
Principal activity of the company during the financial year was of property management.
Directors
The directors who served the company throughout the year were as follows:
G A Radmall
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
G A Radmall
Director

Date approved: 27 May 2025
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Greystage Contracts Limited for the year ended 31 August 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Greystage Contracts Limited for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Greystage Contracts Limited , as a body, in accordance with the terms of our engagement letter dated 27 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Greystage Contracts Limited and state those matters that we have agreed to state to the Board of Directors of Greystage Contracts Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greystage Contracts Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Greystage Contracts Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Greystage Contracts Limited . You consider that Greystage Contracts Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Greystage Contracts Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2024.



....................................................

Bowgen Limited

274 Ipswich Road
Colchester
Essex
CO4 0ES
27 May 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 420,000    420,000 
420,000    420,000 
Current assets      
Debtors 4 1,700    1,700 
Creditors: amount falling due within one year 5 (5,495)   (9,620)
Net current assets (3,795)   (7,920)
 
Total assets less current liabilities 416,205    412,080 
Creditors: amount falling due after more than one year 6 (31,142)   (61,300)
Net assets 385,063    350,780 
 

Capital and reserves
     
Called up share capital 7 100    100 
Share premium account 8 3,900    3,900 
Reserves 9 348,000    348,000 
Profit and loss account 33,063    (1,220)
Shareholders' funds 385,063    350,780 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 May 2025 and were signed on its behalf by:


-------------------------------
G A Radmall
Director
4
  Equity share capital   Equity share premium   Revaluation reserve   Retained Earnings   Total
£ £ £ £ £
At 01 September 2022 100  3,900  348,000  35,651  387,651 
Profit for the year (32,871) (32,871)
Total comprehensive income for the year (32,871) (32,871)
Dividends (4,000) (4,000)
Total investments by and distributions to owners (4,000) (4,000)
At 31 August 2023 100  3,900  348,000  (1,220) 350,780 
At 01 September 2023 100  3,900  348,000  (1,220) 350,780 
Profit for the year 38,283  38,283 
Total comprehensive income for the year 38,283  38,283 
Dividends (4,000) (4,000)
Total investments by and distributions to owners (4,000) (4,000)
At 31 August 2024 100  3,900  348,000  33,063  385,063 
5
General Information
Greystage Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 02453733, registration address Lodge Park, Lodge Lane, Colchester, Essex, CO4 5NE. The trading address of the company is Ferndale, Birchwood Road, Cock Clarks, Chelmsford, Essex, CM3 6RF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 September 2023 420,000    420,000 
Additions  
Disposals  
At 31 August 2024 420,000    420,000 
Depreciation
At 01 September 2023  
Charge for year  
On disposals  
At 31 August 2024  
Net book values
Closing balance as at 31 August 2024 420,000    420,000 
Opening balance as at 01 September 2023 420,000    420,000 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Debtors 1,700    1,700 
1,700    1,700 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank loans and overdrafts (secured) 2,354    5,096 
Corporation tax 1,821    3,204 
Accruals 1,320    1,320 
5,495    9,620 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank loans and overdrafts - secured   49,743 
Bank loans 9,971    11,557 
Directors' loan accounts 21,171   
31,142    61,300 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

8.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 3,900    3,900 
3,900    3,900 

9.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 348,000    348,000 
348,000    348,000 

6