GREYTREE PROPERTY LTD


Directors	TAYLOR, John Alexander
	TAYLOR, William


Registered Number	10875410 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		277		370
			277		370
Current assets
Stocks		522,855		488,428
Debtors		6,937		2,198
Cash at bank and on hand		6,641		25,516
		536,433		516,142
Creditors amounts falling due within one year	4	(31,135)		(30,243)
Net current assets (liabilities)			505,298		485,899
Total assets less current liabilities			505,575		486,269
Creditors amounts falling due after one year			(1,148,232)		(1,090,883)
Net assets			(642,657)		(604,614)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(642,757)		(604,714)
Shareholders' funds			(642,657)		(604,614)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 28 February 2025, and are signed on its behalf by:

TAYLOR, John Alexander
Director

TAYLOR, William
Director

Registered Company No. 10875410

GREYTREE PROPERTY LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Work in progress is the direct costs incurred in development.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	1,763
	At 31 December 24	1,763
	Depreciation and impairment
	At 01 January 24	1,393
	Charge for year	93
	At 31 December 24	1,486
	Net book value
	At 31 December 24	277
	At 31 December 23	370

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	2,530	3,982
Other creditors	27,261	24,977
Accrued liabilities and deferred income	1,344	1,284
Total	31,135	30,243


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.