2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 13220778 2024-09-01 2025-08-31 13220778 2025-08-31 13220778 2024-08-31 13220778 2023-09-01 2024-08-31 13220778 2024-08-31 13220778 2023-08-31 13220778 core:MotorVehicles 2024-09-01 2025-08-31 13220778 bus:Director1 2024-09-01 2025-08-31 13220778 core:LandBuildings 2024-08-31 13220778 core:MotorVehicles 2024-08-31 13220778 core:LandBuildings 2025-08-31 13220778 core:MotorVehicles 2025-08-31 13220778 core:WithinOneYear 2025-08-31 13220778 core:WithinOneYear 2024-08-31 13220778 core:AfterOneYear 2025-08-31 13220778 core:AfterOneYear 2024-08-31 13220778 core:LandBuildings 2024-09-01 2025-08-31 13220778 core:ShareCapital 2025-08-31 13220778 core:ShareCapital 2024-08-31 13220778 core:RevaluationReserve 2025-08-31 13220778 core:RetainedEarningsAccumulatedLosses 2025-08-31 13220778 core:RetainedEarningsAccumulatedLosses 2024-08-31 13220778 core:LandBuildings 2024-08-31 13220778 core:MotorVehicles 2024-08-31 13220778 bus:SmallEntities 2024-09-01 2025-08-31 13220778 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 13220778 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 13220778 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 13220778 bus:FullAccounts 2024-09-01 2025-08-31 13220778 core:OfficeEquipment 2024-09-01 2025-08-31 13220778 core:OfficeEquipment 2024-08-31 13220778 core:OfficeEquipment 2025-08-31 13220778 core:KeyManagementPersonnel 2024-09-01 2025-08-31
COMPANY REGISTRATION NUMBER: 13220778

Greenbelt Homes Ltd

Filleted Unaudited Financial Statements

31 August 2025

Greenbelt Homes Ltd

Financial Statements

Year ended 31 August 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Greenbelt Homes Ltd

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 1,500,007 | 1,890,171

Current assets

Cash at bank and in hand | 22,659 | 22,649

Creditors: amounts falling due within one year | 6 | 15,914 | 10,009
| -------- | --------
Net current assets | 6,745 | 12,640
| ------------ | ------------
Total assets less current liabilities | 1,506,752 | 1,902,811

Creditors: amounts falling due after more than one year | 7 | 1,637,033 | 1,821,313

Provisions

Taxation including deferred tax | 6,250 | 5,000
| ------------ | ------------
Net (liabilities)/assets | ( 136,531) | 76,498
| ------------ | ------------

Capital and reserves

Called up share capital | 10 | 10
Revaluation reserve | ( 258,639) | –
Profit and loss account | 122,098 | 76,488
| --------- | --------
Shareholders (deficit)/funds | ( 136,531) | 76,498
| --------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Greenbelt Homes Ltd

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 6 October 2025 , and are signed on behalf of the board by:

Mr H M Alster
Director

Company registration number: 13220778

Greenbelt Homes Ltd

Notes to the Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 25% reducing balance
| Equipment | - | 25% reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Land and buildings | Motor vehicles | Equipment | Total
| £ | £ | £ | £
Cost or valuation |  |  |  |
At 1 September 2024 | 1,863,858 | 39,254 | 7,522 | 1,910,634
Disposals | ( 124,946) | – | – | ( 124,946)
Revaluations | ( 258,639) | – | – | ( 258,639)
| ------------ | -------- | ------- | ------------
At 31 August 2025 | 1,480,273 | 39,254 | 7,522 | 1,527,049
| ------------ | -------- | ------- | ------------
Depreciation |  |  |  |
At 1 September 2024 | – | 17,173 | 3,290 | 20,463
Charge for the year | – | 5,520 | 1,059 | 6,579
| ------------ | -------- | ------- | ------------
At 31 August 2025 | – | 22,693 | 4,349 | 27,042
| ------------ | -------- | ------- | ------------
Carrying amount |  |  |  |
At 31 August 2025 | 1,480,273 | 16,561 | 3,173 | 1,500,007
| ------------ | -------- | ------- | ------------
At 31 August 2024 | 1,863,858 | 22,081 | 4,232 | 1,890,171
| ------------ | -------- | ------- | ------------

Tangible assets held at valuation
During the year, the company had its investment property revalued by a Chartered Surveyor.
6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 4
Corporation tax | 14,165 | 8,255
Other creditors | 1,749 | 1,750
| -------- | --------
| 15,914 | 10,009
| -------- | --------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 1,637,033 | 1,821,313
| ------------ | ------------

8. Related party transactions
At the year end, the directors were owed £1,673,033 (2024: £1,821,313) by the company.