Company Registration No. 01134774 (England and Wales)
GRESHAM LAND CO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree
Borehamwood
Hertfordshire
WD6 4PJ
GRESHAM LAND CO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GRESHAM LAND CO LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
138,126
150,262
Current assets
Debtors
4
27,618
5,025
Cash at bank and in hand
1,941
1,289
29,559
6,314
Creditors: amounts falling due within one year
5
(267,342)
(301,099)
Net current liabilities
(237,783)
(294,785)
Net liabilities
(99,657)
(144,523)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(99,757)
(144,623)
Total equity
(99,657)
(144,523)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 27 June 2025
Mr J E E Goddard
Director
Company registration number 01134774 (England and Wales)
GRESHAM LAND CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Gresham Land Co Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Sobell Rhodes LLP, The Kinetic Centre, Theobald Street, Elstree, Borehamwood, Hertfordshire, United Kingdom, WD6 4PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have a reasonable expectation the company will continue to have adequate resources to fund its working capital for the foreseeable future. The directors have carried out a detailed assessment of the viability of the company following to uncertainty over the current economic conditions due to worldwide increasing rate of inflation and interest rates. true

 

As a result of their review, the directors have taken appropriate measures to enable them to have a reasonable expectation that the company will have sufficient working capital for a period of at least 12 months from the date these financial statements have been approved.

 

On the basis of the above, the directors are of the opinion that there is no material uncertainty relating to going concern and therefore it is appropriate to prepare these financial  statements on a going concern basis.

 

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5% on straight line
Plant and equipment
20% on straight line
Fixtures and fittings
20% on straight line
Computers
20% on straight line
GRESHAM LAND CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction 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.

Basic financial liabilities

Basic financial liabilities, including creditors, that are classified as debt, 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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
GRESHAM LAND CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 October 2023
168,427
16,733
3,975
982
190,117
Additions
-
0
-
0
-
0
507
507
At 30 September 2024
168,427
16,733
3,975
1,489
190,624
Depreciation and impairment
At 1 October 2023
26,664
9,779
2,835
577
39,855
Depreciation charged in the year
8,421
3,347
651
224
12,643
At 30 September 2024
35,085
13,126
3,486
801
52,498
Carrying amount
At 30 September 2024
133,342
3,607
489
688
138,126
At 30 September 2023
141,763
6,954
1,140
405
150,262
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
27,618
5,025
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
7,576
864
Other creditors
256,433
297,295
Accruals and deferred income
3,333
2,940
267,342
301,099
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Related party transactions

As on the year end, the company owed £254,905 (2023 - £297,279) to the directors with respect to an interest free loan, repayable on demand.

2024-09-302023-10-01falsefalsefalse26 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr J E E Goddard011347742023-10-012024-09-30011347742024-09-30011347742023-09-3001134774core:LeaseholdImprovements2024-09-3001134774core:PlantMachinery2024-09-3001134774core:FurnitureFittings2024-09-3001134774core:ComputerEquipment2024-09-3001134774core:LeaseholdImprovements2023-09-3001134774core:PlantMachinery2023-09-3001134774core:FurnitureFittings2023-09-3001134774core:ComputerEquipment2023-09-3001134774core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3001134774core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3001134774core:CurrentFinancialInstruments2024-09-3001134774core:CurrentFinancialInstruments2023-09-3001134774core:ShareCapital2024-09-3001134774core:ShareCapital2023-09-3001134774core:RetainedEarningsAccumulatedLosses2024-09-3001134774core:RetainedEarningsAccumulatedLosses2023-09-3001134774core:ShareCapitalOrdinaryShareClass12024-09-3001134774core:ShareCapitalOrdinaryShareClass12023-09-3001134774bus:Director12023-10-012024-09-3001134774core:LeaseholdImprovements2023-10-012024-09-3001134774core:PlantMachinery2023-10-012024-09-3001134774core:FurnitureFittings2023-10-012024-09-3001134774core:ComputerEquipment2023-10-012024-09-30011347742022-10-012023-09-3001134774core:LeaseholdImprovements2023-09-3001134774core:PlantMachinery2023-09-3001134774core:FurnitureFittings2023-09-3001134774core:ComputerEquipment2023-09-30011347742023-09-3001134774bus:OrdinaryShareClass12023-10-012024-09-3001134774bus:OrdinaryShareClass12024-09-3001134774bus:OrdinaryShareClass12023-09-3001134774bus:PrivateLimitedCompanyLtd2023-10-012024-09-3001134774bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001134774bus:FRS1022023-10-012024-09-3001134774bus:AuditExemptWithAccountantsReport2023-10-012024-09-3001134774bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP