Greenhead Lane Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12252793

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,660,740		1,506,762

			1,660,740		1,506,762
CURRENT ASSETS
Debtors	5	176,911		241,906
Cash at bank and in hand		63,452		5,672

		240,363		247,578
Creditors: Amounts Falling Due Within One Year	6	(126,037 )		(163,900 )

NET CURRENT ASSETS (LIABILITIES)			114,326		83,678

TOTAL ASSETS LESS CURRENT LIABILITIES			1,775,066		1,590,440

Creditors: Amounts Falling Due After More Than One Year	7		(1,808,998 )		(1,449,412 )

NET (LIABILITIES)/ASSETS			(33,932 )		141,028

CAPITAL AND RESERVES
Called up share capital	8		2		2
Revaluation reserve	9		261,303		261,303
Profit and Loss Account			(295,237 )		(120,277 )

SHAREHOLDERS' FUNDS			(33,932)		141,028

Page 1

Page 2

Greenhead Lane Properties Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 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 Thomas Butler

Director

02/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Greenhead Lane Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12252793 . The registered office is 30 South Grove, Sale, M33 3AU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Computer Equipment	3 Years straight line

2.3. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2023	1,506,762	-	1,506,762
Additions	249,576	1,578	251,154
Disposals	(96,650 )	-	(96,650 )

As at 31 October 2024	1,659,688	1,578	1,661,266

Depreciation
As at 1 November 2023	-	-	-
Provided during the period	-	526	526

As at 31 October 2024	-	526	526

Net Book Value
As at 31 October 2024	1,659,688	1,052	1,660,740

As at 1 November 2023	1,506,762	-	1,506,762

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Page 4

Greenhead Lane Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Due after more than one year
Other debtors	176,911	241,906

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	10,615	10,615
Other creditors	114,840	153,285
Taxation and social security	582	-

	126,037	163,900

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bounce Back Loan	19,531	23,582
Other creditors	1,789,467	1,425,830

	1,808,998	1,449,412

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

9. Reserves

	Revaluation Reserve
	£
As at 1 November 2023	261,303

As at 31 October 2024	261,303

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