Registered number
03878730
Greedylegs Limited
Filleted Accounts
30 November 2024
Applied Accountancy Limited
Greedylegs Limited
Registered number: 03878730
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,929,692 5,928,092
Current assets
Cash at bank and in hand 127,733 116,988
Creditors: amounts falling due within one year 4 (174,649) (115,221)
Net current (liabilities)/assets (46,916) 1,767
Total assets less current liabilities 5,882,776 5,929,859
Provisions for liabilities (1,333,115) (1,333,115)
Net assets 4,549,661 4,596,744
Capital and reserves
Called up share capital 100 100
Non distributable fair value reserve 5 3,999,345 3,999,345
Profit and loss account 550,216 597,299
Shareholders' funds 4,549,661 4,596,744
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nicholas Miller
Director
Approved by the board on 20 June 2025
Greedylegs Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

The presentation currency is £ sterling.
Revenue Recognition
Revenue is recognised when services have been provided to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% on a reducing balance basis
Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 5,925,000 20,781 5,945,781
Additions - 3,164 3,164
At 30 November 2024 5,925,000 23,945 5,948,945
Depreciation
At 1 December 2023 - 17,689 17,689
Charge for the year - 1,564 1,564
At 30 November 2024 - 19,253 19,253
Net book value
At 30 November 2024 5,925,000 4,692 5,929,692
At 30 November 2023 5,925,000 3,092 5,928,092
The investment property was revalued to £5,925,000 on 3rd January 2024 by Eddisons, Chartered Surveyors, on an open market exisiting use basis.
If the investment property had not been included at valuation it would have been included under the historical cost convention at £592,540 (30.11.23 - £592,540)
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 125,549 81,129
Other creditors 49,100 34,092
174,649 115,221
5 Fair value reserve 2024 2023
£ £
At 1 December 2023 3,999,345 4,055,595
Revaluation of land and buildings - (75,000)
Deferred taxation arising on the revaluation of land and buildings - 18,750
At 30 November 2024 3,999,345 3,999,345
6 Other information
Greedylegs Limited is a private company limited by shares and incorporated in England. Its registered office is:
50A Clifford Way
Maidstone
Kent
ME16 8GD
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