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REGISTERED NUMBER: SC611002 (Scotland)















GREENLEAF HOUSE CO LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






GREENLEAF HOUSE CO LIMITED (REGISTERED NUMBER: SC611002)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 8


GREENLEAF HOUSE CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Paul Leyland
Graham Baker
John William Davies



REGISTERED OFFICE: Skerrington Farmhouse
Glaisnock Road
Cumnock
KA18 3BU



REGISTERED NUMBER: SC611002 (Scotland)



AUDITORS: Azets Audit Services
Chartered Accountants
Statutory Auditor
Titanium 1
King's Inch Place
Renfrew
PA4 8WF



BANKERS: Virgin Money
177 Bothwell Street,
Glasgow,
Scotland,
G2 7ER

GREENLEAF HOUSE CO LIMITED (REGISTERED NUMBER: SC611002)

BALANCE SHEET
31 OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 108,012 101,111

CURRENT ASSETS
Debtors 5 2,203,691 995,676
Cash at bank and in hand 694,544 552,005
2,898,235 1,547,681
CREDITORS
Amounts falling due within one year 6 2,678,274 1,400,200
NET CURRENT ASSETS 219,961 147,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,973

248,592

CREDITORS
Amounts falling due after more than one
year

7

(2,249

)

(55,096

)

PROVISIONS FOR LIABILITIES 8 (17,174 ) (15,939 )
NET ASSETS 308,550 177,557

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 308,549 177,556
SHAREHOLDERS' FUNDS 308,550 177,557

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 17 June 2025 and were signed on its behalf by:





Paul Leyland - Director


GREENLEAF HOUSE CO LIMITED (REGISTERED NUMBER: SC611002)

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

1. STATUTORY INFORMATION

Greenleaf House Co Limited is a private company, limited by shares, registered in Scotland. The Company's registered number is SC611002 and registered office address is 100 Beith Street, Glasgow, Scotland, G11 6DQ.

The nature of the Company's operations and its principal activities for the year under review was that of a childrens' residential care home.

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.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Consideration is given to the point at which the Company is entitled to receive the income, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due;
- the costs incurred can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance
Motor vehicles -25% on reducing balance

GREENLEAF HOUSE CO LIMITED (REGISTERED NUMBER: SC611002)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 ' Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


GREENLEAF HOUSE CO LIMITED (REGISTERED NUMBER: SC611002)

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

2. ACCOUNTING POLICIES - continued
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

With the exception of changes arising on the initial recognition of a business combination, the tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Deferred tax assets and deferred tax liabilities are offset only if the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously.

Leases
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

GREENLEAF HOUSE CO LIMITED (REGISTERED NUMBER: SC611002)

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

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Non-financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial assets
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal.

An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 91 (2023 - 86 ) .

GREENLEAF HOUSE CO LIMITED (REGISTERED NUMBER: SC611002)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 44,630 7,037 45,187 64,449 161,303
Additions - 6,135 - 21,605 27,740
Disposals - - (5,000 ) - (5,000 )
At 31 October 2024 44,630 13,172 40,187 86,054 184,043
DEPRECIATION
At 1 November 2023 - 2,154 17,193 40,845 60,192
Charge for year - 539 6,999 10,957 18,495
Eliminated on disposal - - (2,656 ) - (2,656 )
At 31 October 2024 - 2,693 21,536 51,802 76,031
NET BOOK VALUE
At 31 October 2024 44,630 10,479 18,651 34,252 108,012
At 31 October 2023 44,630 4,883 27,994 23,604 101,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 699,609 504,553
Amounts owed by group undertakings 1,390,992 394,053
Other debtors 6,915 6,842
Corporation tax 435 -
Prepayments 105,740 90,228
2,203,691 995,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts - 46,388
Other loans - 15,700
Hire purchase contracts 2,999 2,999
Trade creditors 74,790 41,353
Amounts owed to group undertakings 2,255,720 3
Corporation tax - 340,613
Social security and other taxes 85,673 67,311
Other creditors 36,195 9,180
Directors' current accounts - 666,844
Accruals and deferred income 222,897 209,809
2,678,274 1,400,200

GREENLEAF HOUSE CO LIMITED (REGISTERED NUMBER: SC611002)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans - 1-2 years - 26,298
Other loans - 1-2 years - 23,550
Hire purchase contracts 2,249 5,248
2,249 55,096

8. PROVISIONS FOR LIABILITIES
31/10/24 31/10/23
£    £   
Deferred tax 17,174 15,939

Deferred
tax
£   
Balance at 1 November 2023 15,939
Provided during year 1,235
Balance at 31 October 2024 17,174

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alex Webb BAcc FCCA (Senior Statutory Auditor)
for and on behalf of Azets Audit Services

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an amount due from directors amounting to £Nil (2023- £666,844)

11. RELATED PARTY DISCLOSURES

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.

12. ULTIMATE CONTROLLING PARTY

Greenleaf House Co Limited is controlled by Greenleaf Global Group Co Limited by virtue of its 100% shareholding in Greenleaf House Co Limited.