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REGISTERED NUMBER: 05565749 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

GREENHILLS FLATS LIMITED

GREENHILLS FLATS LIMITED (REGISTERED NUMBER: 05565749)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


GREENHILLS FLATS LIMITED

COMPANY INFORMATION
for the Year Ended 30th September 2024







DIRECTORS: P French
I A Mcdonald
D G Ashworth





SECRETARY: I A Mcdonald





REGISTERED OFFICE: 6-8 Ossington Chambers
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 05565749 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

GREENHILLS FLATS LIMITED (REGISTERED NUMBER: 05565749)

REPORT OF THE DIRECTORS
for the Year Ended 30th September 2024

The directors present their report with the financial statements of the company for the year ended 30th September 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st October 2023 to the date of this report.

P French
I A Mcdonald
D G Ashworth

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I A Mcdonald - Director


12th June 2025

GREENHILLS FLATS LIMITED (REGISTERED NUMBER: 05565749)

INCOME STATEMENT
for the Year Ended 30th September 2024

30/9/24 30/9/23
Notes £    £   

INCOME 18,215 17,423

Service charge expenditure 17,032 17,786
OPERATING PROFIT/(LOSS) 1,183 (363 )

Interest receivable and similar income 299 95
PROFIT/(LOSS) BEFORE TAXATION 1,482 (268 )

Tax on profit/(loss) 4 - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

1,482

(268

)

GREENHILLS FLATS LIMITED (REGISTERED NUMBER: 05565749)

BALANCE SHEET
30th September 2024

30/9/24 30/9/23
Notes £    £   
CURRENT ASSETS
Debtors 5 21,120 19,399

CREDITORS
Amounts falling due within one year 6 21,102 19,381
NET CURRENT ASSETS 18 18
TOTAL ASSETS LESS CURRENT
LIABILITIES

18

18

CAPITAL AND RESERVES
Called up share capital 7 18 18
SHAREHOLDERS' FUNDS 18 18

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 12th June 2025 and were signed on its behalf by:





I A Mcdonald - Director


GREENHILLS FLATS LIMITED (REGISTERED NUMBER: 05565749)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Greenhills Flats 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.

Income
During the year the company received from lessees, as agent, monies relating to service charges and related income, which are held on trust and do not constitute turnover.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

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

30/9/24 30/9/23
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 30th September 2024 nor for the year ended 30th September 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Service Charge in Arrears 3,051 1,658
Other debtors 1,194 18
Bank Balance held by Managing Agents 12,718 13,855
Prepayments 4,157 3,868
21,120 19,399

GREENHILLS FLATS LIMITED (REGISTERED NUMBER: 05565749)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 2,776 1,693
Service Charge Account 1,214 121
Reserve Fund 15,901 16,528
Accrued expenses 1,211 1,039
21,102 19,381

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
18 Ordinary £1 18 18

8. RESERVES
Retained
earnings
£   

Profit for the year 1,482
Transfer (to)/from Service Charge
Account

(1,482

)

At 30th September 2024 -

9. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some of whom are directors of the company. Service charges payable by the directors are on the same basis as for all of the other residents. No other transactions with related parties were undertaken such as are required to be disclosed under the FRS 102.