REGISTERED NUMBER: 08583892 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2023 to 31 March 2024

for

Greenacres Park Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms L K Higginbottom

Ms R Higginbottom

REGISTERED OFFICE:

Suite 1.16 Great House

Off Rotherham Road

Dinnington

Sheffield

South Yorkshire

S25 3QA

REGISTERED NUMBER:

08583892 (England and Wales)

CURRENT ASSETS

Debtors

4

1,626,356

1,574,168

CREDITORS

Amounts falling due within one year

5

128,298

376,710

NET CURRENT ASSETS

1,498,058

1,197,458

TOTAL ASSETS LESS CURRENT LIABILITIES

1,498,058

1,197,458

CREDITORS

Amounts falling due after more than one year

6

1,248,133

944,083

NET ASSETS

249,925

253,375

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

249,919

253,369

SHAREHOLDERS' FUNDS

249,925

253,375

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

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

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 27 July 2025 and were signed on its behalf by:

Ms R Higginbottom - Director

1.	STATUTORY INFORMATION

Greenacres Park Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods and is recognised in respect of all timing differences; although with certain exceptions. Timing differences are differences between taxable profit and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits.Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on investment property (and other non-depreciable tangible fixed assets) is measured using the tax rates and allowances which will apply to the sale of the asset.Amounts of current and deferred tax are generally recognised in profit or loss, except when they relate to items which are recognised in other comprehensive income or directly in equity and in such cases the amounts are also recognised in other comprehensive or equity as the case may be.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

14,327

14,127

2024

2023

£

£

Amounts falling due after more than one year:

Other debtors

1,612,029

1,560,041

Aggregate amounts

1,626,356

1,574,168

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7

-

Trade creditors

121,181

364,080

Other creditors

7,110

12,630

128,298

376,710

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

1,248,133

944,083

7.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party.