Greyfriars Storage Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 14316245

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,262		1,484

			1,262		1,484
CURRENT ASSETS
Debtors	5	13,203		764
Cash at bank and in hand		9,432		30,369

		22,635		31,133
Creditors: Amounts Falling Due Within One Year	6	(29,996 )		(12,263 )

NET CURRENT ASSETS (LIABILITIES)			(7,361 )		18,870

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,099 )		20,354

NET (LIABILITIES)/ASSETS			(6,099 )		20,354

CAPITAL AND RESERVES
Called up share capital	7		20		20
Profit and Loss Account			(6,119 )		20,334

SHAREHOLDERS' FUNDS			(6,099)		20,354

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C S Simmons

Director

24 August 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Greyfriars Storage Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

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

Rental and storage income

Rental and storage income from operating leases is recognised on a straight-line basis over the lease term.

2.3. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

2.4. Leasing and Hire Purchase Contracts

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

2.5. Taxation

Taxation for the period comprises current 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 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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Greyfriars Storage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	1,746

As at 31 December 2024	1,746

Depreciation
As at 1 January 2024	262
Provided during the period	222

As at 31 December 2024	484

Net Book Value
As at 31 December 2024	1,262

As at 1 January 2024	1,484

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	840	279
Prepayments and accrued income	7,810	485
Corporation tax recoverable assets	4,553	-

	13,203	764

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	16,869	25
Corporation tax	-	4,855
Other creditors	10,000	5,000
Accruals and deferred income	2,897	2,153
Directors' loan accounts	230	230

	29,996	12,263

7. Share Capital

	31 December 2024	31 December 2023
Allotted, called up and fully paid	£	£
20 Ordinary Shares of £ 1.00 each	20	20

8. Other Commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £17,500, (2023 - £20,000)

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Greyfriars Storage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Going Concern

At the balance sheet date the company had net liabilities of £6,099 and is reliant on the support of the directors. The directors have indicated that they will not withdraw their support for the company for at least the next twelve months.

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