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REGISTERED NUMBER: 03102984 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 30 SEPTEMBER 2024

FOR

GREENLEAF PROPERTIES SUSSEX LIMITED

GREENLEAF PROPERTIES SUSSEX LIMITED (REGISTERED NUMBER: 03102984)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENLEAF PROPERTIES SUSSEX LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 SEPTEMBER 2024







DIRECTORS: Ms S Lambor
M Lambor
S Lambor





REGISTERED OFFICE: Sussex House Crowhurst Road
Hollingbury Industrial Estate
Brighton
East Sussex
BN1 8AF





REGISTERED NUMBER: 03102984 (England and Wales)





ACCOUNTANTS: Watson Associates
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

GREENLEAF PROPERTIES SUSSEX LIMITED (REGISTERED NUMBER: 03102984)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 19,548
Investments 5 25,000 25,000
Investment property 6 22,032,916 23,226,673
22,057,916 23,271,221

CURRENT ASSETS
Debtors 7 805,407 103,458
Cash at bank 219,370 163,161
1,024,777 266,619
CREDITORS
Amounts falling due within one year 8 (9,084,116 ) (7,332,572 )
NET CURRENT LIABILITIES (8,059,339 ) (7,065,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,998,577

16,205,268

PROVISIONS FOR LIABILITIES (3,228,029 ) (3,801,538 )
NET ASSETS 10,770,548 12,403,730

CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 9,698,394 11,412,714
Retained earnings 1,072,054 990,916
SHAREHOLDERS' FUNDS 10,770,548 12,403,730

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

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

GREENLEAF PROPERTIES SUSSEX LIMITED (REGISTERED NUMBER: 03102984)

BALANCE SHEET - continued
30 SEPTEMBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





S Lambor - Director


GREENLEAF PROPERTIES SUSSEX LIMITED (REGISTERED NUMBER: 03102984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Greenleaf Properties Sussex 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 as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on a going concern basis.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the rent from investment properties together with sales of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

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 - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is carried at fair value. Gains are recognised in the profit and loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an 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.


GREENLEAF PROPERTIES SUSSEX LIMITED (REGISTERED NUMBER: 03102984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period fo the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Non-distributable reserve
The aggregate fair value adjustments relating to movements in the value of the company's investment properties are transferred at the end of each period, net of deferred tax, from the profit and loss reserve to the non-distributable reserve.

On disposal of investment property the aggregate fair value adjustment is transferred back to profit and loss reserves and the deferred tax position is transferred to current tax liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 5 ) .

GREENLEAF PROPERTIES SUSSEX LIMITED (REGISTERED NUMBER: 03102984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 66,199 15,617 1,443 83,259
Disposals - (15,617 ) - (15,617 )
At 30 September 2024 66,199 - 1,443 67,642
DEPRECIATION
At 1 September 2023 53,240 9,028 1,443 63,711
Charge for period 12,959 1,236 - 14,195
Eliminated on disposal - (10,264 ) - (10,264 )
At 30 September 2024 66,199 - 1,443 67,642
NET BOOK VALUE
At 30 September 2024 - - - -
At 31 August 2023 12,959 6,589 - 19,548

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 30 September 2024 25,000
NET BOOK VALUE
At 30 September 2024 25,000
At 31 August 2023 25,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 23,226,673
Additions 1,092,000
Revaluations (2,285,757 )
At 30 September 2024 22,032,916
NET BOOK VALUE
At 30 September 2024 22,032,916
At 31 August 2023 23,226,673

GREENLEAF PROPERTIES SUSSEX LIMITED (REGISTERED NUMBER: 03102984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 SEPTEMBER 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 9,677,732
Valuation in 2022 2,553,500
Valuation in 2023 2,983,019
Valuation in 2024 (2,285,757 )
Cost 9,104,422
22,032,916

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 225,481 63,368
Amounts owed by group undertakings - 22,034
Other debtors 562,332 2,903
Prepayments 17,594 15,153
805,407 103,458

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,861 17,416
Amounts owed to group undertakings 8,126,592 6,873,562
Tax 148,326 89,016
Social security and other taxes 2,932 -
VAT 112,590 70,661
Other creditors 184,012 183,090
Directors' current accounts 37,075 -
Deferred income 420,151 95,180
Accrued expenses 28,577 3,647
9,084,116 7,332,572

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100

GREENLEAF PROPERTIES SUSSEX LIMITED (REGISTERED NUMBER: 03102984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 SEPTEMBER 2024

10. RELATED PARTY DISCLOSURES

Matsim Properties Limited
Included in other creditors is a loan from Matsim Properties Limited, a company in which Mr M Lambor was also a director until resignation on 5th March 2024.

At the year end the loan balance due to Matsim Properties Limited was £8,126,107 (2023 - £7,340,458)


Greenleaf Construction Services Limited
Included in other creditors is a loan from Greenleaf Construction Services Limited, a company in which Mr M Lambor and Mr S Lambor are also directors. At the year end the loan balance due to Greenleaf Construction Services Limited was £485 (2023 - £21,209 Other Debtor).