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Company Registration No. 14958157 (England and Wales)
L & V Greenhill Ltd Unaudited accounts for the year ended 31 August 2024
L & V Greenhill Ltd Unaudited accounts Contents
Page
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L & V Greenhill Ltd Company Information for the year ended 31 August 2024
Directors
Lewis Greenhill Victoria Greenhill
Company Number
14958157 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
Accountants
Wellington Consulting Ltd Rural Enterprise Centre Vincent Carey Road Office 34 Hereford Herefordshire HR2 6FE
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L & V Greenhill Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
- 
100 
Fixed assets
Intangible assets
31,500 
- 
Tangible assets
60,895 
- 
92,395 
- 
Current assets
Debtors
11,741 
- 
Cash at bank and in hand
28,294 
- 
40,035 
- 
Creditors: amounts falling due within one year
(23,679)
- 
Net current assets
16,356 
- 
Total assets less current liabilities
108,751 
100 
Creditors: amounts falling due after more than one year
(126,885)
- 
Net (liabilities)/assets
(18,134)
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(18,234)
- 
Shareholders' funds
(18,134)
100 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2025 and were signed on its behalf by
Lewis Greenhill Director Company Registration No. 14958157
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L & V Greenhill Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
L & V Greenhill Ltd is a private company, limited by shares, registered in England and Wales, registration number 14958157. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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L & V Greenhill Ltd Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
- 
Additions
35,000 
At 31 August 2024
35,000 
Amortisation
At 1 September 2023
- 
Charge for the year
3,500 
At 31 August 2024
3,500 
Net book value
At 31 August 2024
31,500 
The franchise fee represents the cost of acquiring the rights to operate under a franchise agreement. The fee is capitalised as an intangible fixed asset and amortised on a straight-line basis over the useful economic life of the agreement, which is 10 years. Amortisation is charged to the profit and loss account.
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2023
- 
Additions
76,118 
At 31 August 2024
76,118 
Depreciation
Charge for the year
15,223 
At 31 August 2024
15,223 
Net book value
At 31 August 2024
60,895 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,229 
- 
Trade debtors
8,014 
- 
Accrued income and prepayments
998 
- 
Other debtors
500 
- 
11,741 
- 
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L & V Greenhill Ltd Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,685 
- 
Trade creditors
723 
- 
Taxes and social security
5,394 
- 
Loans from directors
9,152 
- 
Accruals
2,725 
- 
23,679 
- 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
38,535 
- 
Other creditors
88,350 
- 
126,885 
- 
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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