Greengate Property Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10850541 (England and Wales)

Financial Statements

for the Year Ended 30 April 2025

for

GREENGATE PROPERTY INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C A Knight

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

10850541 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

5,183

-

Investment property

6

434,618

101,008

439,801

101,008

CURRENT ASSETS

Debtors

7

9,930

10,156

Cash at bank

80,522

37,487

90,452

47,643

CREDITORS

Amounts falling due within one year

8

(484,269

)

(177,851

)

NET CURRENT LIABILITIES

(393,817

)

(130,208

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

45,984

(29,200

)

CREDITORS

Amounts falling due after more than one
year

9

(82,500

)

-

PROVISIONS FOR LIABILITIES

(1,008

)

-

NET LIABILITIES

(37,524

)

(29,200

)

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

12

(37,624

)

(29,300

)

SHAREHOLDERS' FUNDS

(37,524

)

(29,200

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 August 2025 and were signed by:

C A Knight - Director

1.	STATUTORY INFORMATION

Greengate Property Investments 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 as modified by the revaluation of certain assets.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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 year 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

and 30 April 2025

21,499

AMORTISATION

At 1 May 2024

and 30 April 2025

21,499

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 May 2024

587

260

847

Additions

6,184

295

6,479

At 30 April 2025

6,771

555

7,326

DEPRECIATION

At 1 May 2024

587

260

847

Charge for year

1,237

59

1,296

At 30 April 2025

1,824

319

2,143

NET BOOK VALUE

At 30 April 2025

4,947

236

5,183

At 30 April 2024

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

101,008

Additions

324,618

Revaluations

8,992

At 30 April 2025

434,618

NET BOOK VALUE

At 30 April 2025

434,618

At 30 April 2024

101,008

Fair value at 30 April 2025 is represented by:

£

Valuation in 2025

8,992

Cost

425,626

434,618

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade debtors

-

218

Other debtors

9,930

9,938

9,930

10,156

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts

77,239

-

Other creditors

407,030

177,851

484,269

177,851

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.25

30.4.24

£

Bank loans

82,500

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

Mortgage

159,739

-

The mortgage provided by The Mortgage Works (UK) PLC is secured against the freehold interest in the land and property known as 41 Stanhope Road by way of negative pledge.

The mortgage provided by Mercantile Trust Limited is secured against the freehold interest in the land and property known as 36 Harlech Terrace by way of fixed charge and negative pledge.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

100

Ordinary

£1

100

12.

RESERVES

Retained

earnings

£

At 1 May 2024

(29,300

)

Deficit for the year

(8,324

)

At 30 April 2025

(37,624

)

Included in Reserves is an amount of £8,992 less deferred tax of £1,708 which relates to the revaluation of the properties and is not distributable.

13.	GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.