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REGISTERED NUMBER: 03455706 (England and Wales)











GREYHOUND INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GREYHOUND INVESTMENTS LIMITED (REGISTERED NUMBER: 03455706)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GREYHOUND INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr ET Legard
Mrs LF Legard





SECRETARY: Mr ET Legard





REGISTERED OFFICE: Charlcot House
Charlcot
Ripon
North Yorkshire
HG4 4AE





REGISTERED NUMBER: 03455706 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

GREYHOUND INVESTMENTS LIMITED (REGISTERED NUMBER: 03455706)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,551 13,744
Investments 5 15,445 19,870
Investment property 6 3,755,000 3,755,000
3,780,996 3,788,614

CURRENT ASSETS
Debtors 7 36,300 13,675
Cash at bank 177,407 99,278
213,707 112,953
CREDITORS
Amounts falling due within one year 1,501,456 1,413,243
NET CURRENT LIABILITIES (1,287,749 ) (1,300,290 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,493,247 2,488,324

CREDITORS
Amounts falling due after more than one
year

(810,348

)

(848,174

)

PROVISIONS FOR LIABILITIES (37,607 ) (38,405 )
NET ASSETS 1,645,292 1,601,745

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings
(non-distributable) 203,668 203,668
Retained earnings 1,441,524 1,397,977
SHAREHOLDERS' FUNDS 1,645,292 1,601,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

GREYHOUND INVESTMENTS LIMITED (REGISTERED NUMBER: 03455706)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





Mr ET Legard - Director


GREYHOUND INVESTMENTS LIMITED (REGISTERED NUMBER: 03455706)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Greyhound Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Turnover
Turnover represents rents and service charges receivable in respect of the investment property and short term letting income from the furnished holiday let, exclusive of value added tax.

Adjustment is made to recognise lease incentives and rental increases on a straight line basis over the period of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GREYHOUND INVESTMENTS LIMITED (REGISTERED NUMBER: 03455706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Investment properties
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the Profit and Loss Account and Retained Earnings in the period in which they arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 29,124
DEPRECIATION
At 1 January 2024 15,380
Charge for year 3,193
At 31 December 2024 18,573
NET BOOK VALUE
At 31 December 2024 10,551
At 31 December 2023 13,744

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024 19,870
Disposals (4,425 )
At 31 December 2024 15,445
NET BOOK VALUE
At 31 December 2024 15,445
At 31 December 2023 19,870

GREYHOUND INVESTMENTS LIMITED (REGISTERED NUMBER: 03455706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 3,755,000
NET BOOK VALUE
At 31 December 2024 3,755,000
At 31 December 2023 3,755,000

The carrying value of the investment property is considered by the directors to be market value as at the balance sheet date.

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 1,300 -

8. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as £18,535 (2023: £2,368).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Handelsbanken loan 848,174 886,000

Security is provided on the investment property to which the loan relates.

10. RELATED PARTY DISCLOSURES

The directors loan balance was £1,254,726 (2023 - £1,268,216) at the balance sheet date and is included within creditors. There is no interest repayable on this loan.