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REGISTERED NUMBER: 07576037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GREENGATE PROPERTIES (UK) LIMITED

GREENGATE PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07576037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

GREENGATE PROPERTIES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: I Patel
S Patel





SECRETARY: S Patel





REGISTERED OFFICE: 152 Upton Lane
Forestgate
London
London
E7 9NN





REGISTERED NUMBER: 07576037 (England and Wales)





ACCOUNTANTS: Patsons Accountancy Limited
51 Copse Wood Way
Northwood
HA6 2TZ

GREENGATE PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07576037)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £ £ £ £
FIXED ASSETS
Investment property 4 2,633,050 2,633,050

CURRENT ASSETS
Debtors 5 12,000 16,583
Cash at bank and in hand 39,371 13,949
51,371 30,532
CREDITORS
Amounts falling due within one year 6 195,554 156,934
NET CURRENT LIABILITIES (144,183 ) (126,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,488,867

2,506,648

CREDITORS
Amounts falling due after more than one
year

7

360,847

364,339
NET ASSETS 2,128,020 2,142,309

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 1,285,486 1,285,486
Retained earnings 841,534 855,823
SHAREHOLDERS' FUNDS 2,128,020 2,142,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

GREENGATE PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07576037)

BALANCE SHEET - continued
31 MARCH 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





S Patel - Director


GREENGATE PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07576037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Greengate Properties (UK) 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

Investment properties
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.

Investment properties are freehold held to earn rental income and /or capital appreciation.
Investment properties are stated in the balance sheet at open market value. changes in
market value are recognised in revaluation in revaluation reserve and shown in the statement of total recognised gains and losses, unless a deficit in valuation on an individual property is expected to be permanent in which case it is charged to the profit and loss account for the period.
Depreciation is not provided on investment properties. This is contrary to the requirements of the Companies Act 2006 but is necessary in order for the accounts to give a true and fair view.

Turnover
Turnover represents rental income which is recognised as income on a straight -line basis over the period of the lease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

GREENGATE PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07576037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2024
and 31 March 2025 2,633,050
NET BOOK VALUE
At 31 March 2025 2,633,050
At 31 March 2024 2,633,050

Fair value at 31 March 2025 is represented by:
£
Valuation in 2024 2,633,050

If Investment Property had not been revalued it would have been included at the following historical cost:

31.3.25 31.3.24
£ £
Cost 1,694,514 1,694,514

investment property was valued on an open market basis on 31 March 2025 by a director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade debtors 12,000 16,583

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Taxation and social security 8,376 11,855
Other creditors 187,178 145,079
195,554 156,934

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£ £
Bank loans 360,847 364,339

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 360,847 364,339

The loan from the directors is unsecured, interest free and there are no repayments term. The directors have indicated that they will not seek repayment and therefore the loan is classified as falling due after more than one year.
The company has a bank loan of £360847 and is secured on the company's investment properties.

GREENGATE PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07576037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. RESERVES
Revaluation
reserve
£
At 1 April 2024
and 31 March 2025 1,285,486

9. RELATED PARTY DISCLOSURES

Except for the loan from directors as disclosed in the note 6 there were no related party transactions during the year.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GREENGATE PROPERTIES (UK) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Greengate Properties (UK) Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Greengate Properties (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greengate Properties (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Greengate Properties (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greengate Properties (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Greengate Properties (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greengate Properties (UK) Limited. You consider that Greengate Properties (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Greengate Properties (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Patsons Accountancy Limited
51 Copse Wood Way
Northwood
HA6 2TZ


15 July 2025