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REGISTERED NUMBER: 06729020 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GREENGATE RESIDENTIAL LIMITED

GREENGATE RESIDENTIAL LIMITED (REGISTERED NUMBER: 06729020)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENGATE RESIDENTIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr K Kadis
Mr I Eleftheriou





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





REGISTERED NUMBER: 06729020 (England and Wales)





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

GREENGATE RESIDENTIAL LIMITED (REGISTERED NUMBER: 06729020)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,756 10,014

CURRENT ASSETS
Debtors 5 23,500 31,500
Cash at bank and in hand 35,341 21,136
58,841 52,636
CREDITORS
Amounts falling due within one year 6 44,385 30,655
NET CURRENT ASSETS 14,456 21,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,212

31,995

CREDITORS
Amounts falling due after more than one
year

7

25,950

31,668
NET ASSETS 262 327

CAPITAL AND RESERVES
Called up share capital 8 8 8
Retained earnings 254 319
SHAREHOLDERS' FUNDS 262 327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

GREENGATE RESIDENTIAL LIMITED (REGISTERED NUMBER: 06729020)

BALANCE SHEET - continued
31 OCTOBER 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 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 13 June 2025 and were signed on its behalf by:





Mr K Kadis - Director


GREENGATE RESIDENTIAL LIMITED (REGISTERED NUMBER: 06729020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Greengate Residential 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.

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.

Turnover
Turnover represents amounts derived from the provision of services to landlords and customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Office equipment - 20% on reducing balance

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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2023 - 4 ) .

GREENGATE RESIDENTIAL LIMITED (REGISTERED NUMBER: 06729020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Office
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 7,560 10,589 7,194 6,656 31,999
Additions - - - 2,717 2,717
At 31 October 2024 7,560 10,589 7,194 9,373 34,716
DEPRECIATION
At 1 November 2023 - 9,735 5,990 6,260 21,985
Charge for year - 171 181 623 975
At 31 October 2024 - 9,906 6,171 6,883 22,960
NET BOOK VALUE
At 31 October 2024 7,560 683 1,023 2,490 11,756
At 31 October 2023 7,560 854 1,204 396 10,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Prepayments 23,500 31,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 5,556 5,370
Trade creditors 2,627 999
Tax 31,971 19,881
Social security and other taxes 273 442
Pensions 46 51
Other creditors 912 912
Accrued expenses 3,000 3,000
44,385 30,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 5,556 5,370
Bank loans - 2-5 years 16,667 16,109
Bank loans more 5 yr by instal 3,727 10,189
25,950 31,668

GREENGATE RESIDENTIAL LIMITED (REGISTERED NUMBER: 06729020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.24 31.10.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,727 10,189

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
8 Ordinary 1 8 8