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Company No: 12165363 (England and Wales)

GREENFRIARS LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

GREENFRIARS LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

GREENFRIARS LTD

COMPANY INFORMATION

For the financial year ended 31 August 2024
GREENFRIARS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
Directors R Howard
C Howard
Registered office 37 St Margarets Street
Canterbury
United Kingdom
Company number 12165363 (England and Wales)
Accountant Kreston Reeves LLP
37 St Margarets Street
Canterbury
Kent
CT1 2TU

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GREENFRIARS LTD

For the financial year ended 31 August 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GREENFRIARS LTD (continued)

For the financial year ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Greenfriars LTD for the financial year ended 31 August 2024 which comprise the Balance Sheet and the related notes 1 to 7 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 at www.icaew.com/regulation.

It is your duty to ensure that Greenfriars LTD 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 Greenfriars LTD. You consider that Greenfriars LTD is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Greenfriars LTD. 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.

This report is made solely to the Board of Directors of Greenfriars LTD, as a body, in accordance with the terms of our engagement letter dated 12 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Greenfriars LTD and state those matters that we have agreed to state to the Board of Directors of Greenfriars LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greenfriars LTD and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

30 May 2025

GREENFRIARS LTD

BALANCE SHEET

As at 31 August 2024
GREENFRIARS LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 13,001 554
13,001 554
Current assets
Debtors 4 13,833 10,807
Cash at bank and in hand 55,763 62,729
69,596 73,536
Creditors: amounts falling due within one year 5 ( 27,385) ( 34,386)
Net current assets 42,211 39,150
Total assets less current liabilities 55,212 39,704
Creditors: amounts falling due after more than one year 6 ( 10,400) 0
Net assets 44,812 39,704
Capital and reserves
Called-up share capital 7 200 200
Profit and loss account 44,612 39,504
Total shareholders' funds 44,812 39,704

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Greenfriars LTD (registered number: 12165363) were approved and authorised for issue by the Board of Directors on 30 May 2025. They were signed on its behalf by:

R Howard
Director
GREENFRIARS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
GREENFRIARS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Greenfriars LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 37 St Margarets Street, Canterbury, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 10 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 2

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 September 2023 0 1,786 1,786
Additions 14,091 0 14,091
At 31 August 2024 14,091 1,786 15,877
Accumulated depreciation
At 01 September 2023 0 1,232 1,232
Charge for the financial year 1,409 235 1,644
At 31 August 2024 1,409 1,467 2,876
Net book value
At 31 August 2024 12,682 319 13,001
At 31 August 2023 0 554 554

4. Debtors

2024 2023
£ £
Trade debtors 13,833 10,807

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 2,600 0
Taxation and social security 20,508 29,657
Other creditors 4,277 4,729
27,385 34,386

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,400 0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100
100 B ordinary shares of £ 1.00 each 100 100
200 200