GREYSTONE LIMITED


Director	JAWAD, Husam


Registered Address	Unit G04 10 Courtenay Road
	East Lane
	Wembley
	HA9 7ND


Registered Number	01629161 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		8,400		10,221
			8,400		10,221
Current assets
Stocks	4	51,612		51,143
Debtors	5	1,206,794		1,008,057
Cash at bank and on hand		19,163		26,869
		1,277,569		1,086,069
Creditors amounts falling due within one year	6	(459,866)		(322,862)
Net current assets (liabilities)			817,703		763,207
Total assets less current liabilities			826,103		773,428
Net assets			826,103		773,428
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			825,103		772,428
Shareholders' funds			826,103		773,428

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 Director acknowledges 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 financial statements were approved and authorised for issue by the Director on 29 September 2025, and are signed on its behalf by:

JAWAD, Husam
Director
Registered Company No. 01629161

GREYSTONE LIMITED

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 sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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:


		Reducing balance (%)
	Fixtures and fittings	20
	Office Equipment	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	6		6

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	13,909	156,280	1,297	171,486
Additions	-	-	292	292
At 31 December 24	13,909	156,280	1,589	171,778
Depreciation and impairment
At 01 January 24	13,909	147,176	180	161,265
Charge for year	-	1,821	292	2,113
At 31 December 24	13,909	148,997	472	163,378
Net book value
At 31 December 24	-	7,283	1,117	8,400
At 31 December 23	-	9,104	1,117	10,221

4.	Stocks

	2024	2023
	£	£
Other stocks	51,612	51,143
Total	51,612	51,143

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	222,545	128,113
Amounts owed by group undertakings	693,913	609,913
Other debtors	290,336	270,031
Total	1,206,794	1,008,057

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	243,091	118,753
Bank borrowings and overdrafts	30,713	32,800
Other creditors	181,563	166,809
Accrued liabilities and deferred income	4,499	4,500
Total	459,866	322,862


	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.

7.	Directors advances, credits and guarantees
	At the year end, the amount due to Director Mr Husam Jawad was 2024 : £110,313 (2023: £95,994)

8.	Related party transactions
	Amount owed to group undertaking of £11,093 (2023 - £20,093) which is related to Daya Limited. Amount owed by group undertaking of £53,945 (2023 - £45,500) which is related to BroPharma Ltd and amount owed by group undertaking of £693,913 (2023 - £609,913) which is related to Pharmaelite Ltd and amount owed by group undertaking of £116,779 (2023 - £111,336) which is related to Myhealth Pharmacy Ltd and amount owed by group undertaking of £55,390 (2023 - £65,390) which is related to Jawad Property.

Related party transactions

Amount owed to group undertaking of £11,093 (2023 - £20,093) which is related to Daya Limited.

Amount owed by group undertaking of £53,945 (2023 - £45,500) which is related to BroPharma Ltd and amount owed by group undertaking of £693,913 (2023 - £609,913) which is related to Pharmaelite Ltd and amount owed by group undertaking of £116,779 (2023 - £111,336) which is related to Myhealth Pharmacy Ltd and amount owed by group undertaking of £55,390 (2023 - £65,390) which is related to Jawad Property.