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REGISTERED NUMBER: 10968142 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GREENWOOD CAPITAL INVESTMENTS LTD

GREENWOOD CAPITAL INVESTMENTS LTD (REGISTERED NUMBER: 10968142)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENWOOD CAPITAL INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr B G Green
Mr M A Wood





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10968142 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

GREENWOOD CAPITAL INVESTMENTS LTD (REGISTERED NUMBER: 10968142)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,430,001 1,430,001

CURRENT ASSETS
Debtors 5 502,001 317,001
Cash at bank 10,007 6,715
512,008 323,716
CREDITORS
Amounts falling due within one year 6 1,082,813 886,012
NET CURRENT LIABILITIES (570,805 ) (562,296 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,196

867,705

CREDITORS
Amounts falling due after more than one
year

7

(582,057

)

(582,057

)

PROVISIONS FOR LIABILITIES (69,612 ) (69,612 )
NET ASSETS 207,527 216,036

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 209,034 209,034
Retained earnings 10 (1,607 ) 6,902
SHAREHOLDERS' FUNDS 207,527 216,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

GREENWOOD CAPITAL INVESTMENTS LTD (REGISTERED NUMBER: 10968142)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





Mr B G Green - Director


GREENWOOD CAPITAL INVESTMENTS LTD (REGISTERED NUMBER: 10968142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Greenwood Capital Investments Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,430,001
NET BOOK VALUE
At 30 September 2024 1,430,001
At 30 September 2023 1,430,001

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2019 171,841
Valuation in 2022 106,805
Cost 1,151,355
1,430,001

GREENWOOD CAPITAL INVESTMENTS LTD (REGISTERED NUMBER: 10968142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 1,151,355 1,151,355

Investment property was valued on an open market basis on 30 September 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Related party loans 502,001 317,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts due to related party 1,070,838 873,678
Directors' current accounts 10,536 10,536
Accrued expenses 1,439 1,798
1,082,813 886,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans more 5 yrs non-inst 582,057 582,057

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 582,057 582,057

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 582,057 582,057

The bank loan is secured against the company's Investment property.

GREENWOOD CAPITAL INVESTMENTS LTD (REGISTERED NUMBER: 10968142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2023 6,902 209,034 215,936
Deficit for the year (8,509 ) (8,509 )
At 30 September 2024 (1,607 ) 209,034 207,427