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Company registration number:
08447854
Greenards Investments Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Greenards Investments Limited
Statement of Financial Position
31 March 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Investments | 5 | 245,000 |  | 245,000 |
Current assets |  |  |  |  |
Cash at bank and in hand |  | 909 |  | 1,013 |
Creditors: amounts falling due within one year | 6 | (420 | ) | (420 | )
Net current assets |  | 489 |  | 593 |
Total assets less current liabilities |  | 245,489 |  | 245,593 |
Creditors: amounts falling due after more than one year | 7 | (225,575 | ) | (225,875 | )
Provisions for liabilities |  | (5,122 | ) | (5,122 | )
Net assets |  | 14,792 |  | 14,596 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 14,692 |  | 14,496 |
Shareholders funds |  | 14,792 |  | 14,596 |

For the year ending
31 March 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
2 September 2025
, and are signed on behalf of the board by:

R Green
Director

Company registration number:
08447854
Greenards Investments Limited
Notes to the Financial Statements
Year ended
31 March 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Harrington Lodge Sea Lane
,
Sandilands
,
Mablethorpe
,
Lincolnshire
,
LN12 2RA
, England.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period of the revision and future periods where the revision affects both current and future periods.

## Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

## Impairment

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.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Provisions for liabilities

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 in finance costs in profit or loss in the period it arises.

## Operating leases

Rental income from operating leases is recognised on a straight line basis over the term of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

## Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

## 4 Average number of employees

The average number of persons employed by the company during the year was Nil (2024: Nil).

## 5 Investments

| Other investments other than loans
--- | ---
| £
Cost |  |
At 1 April 2024 | 245,000 |
At 31 March 2025 | 245,000 |
Impairment |  |
At 1 April 2024 and 31 March 2025 | - |
Carrying amount |  |
At 31 March 2025 | 245,000 |
At 31 March 2024 | 245,000 |

Investment property comprises freehold residential property. The fair value of the property has been arrived at on the basis of a valuation carried out on 31 March 2024 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

## Investments held at valuation

In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:

| 2025 | 2024
--- | --- | ---
| Other investments other than loans | Other investments other than loans
| £ | £
Aggregate historical cost | 224,511 |  | 224,511 |
Carrying amount | 224,511 |  | 224,511 |

## 6 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Other creditors | 420 |  | 420 |

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

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 152,625 |  | 152,625 |
Other creditors | 72,950 |  | 73,250 |
| 225,575 |  | 225,875 |

## 8 Financial instruments and other assets measured at fair value through profit or loss

The fair value of financial instruments and other assets measured at fair value through profit or loss was as follows:

| 2025 | 2024
--- | --- | ---
| £ | £
Investment property | 245,000 |  | 245,000 |

## 9 Director's advances, credit and guarantees

During the year the company repaid £1,000 against original advances of £77,000 made by one of the directors. As at the balance sheet date the amount owing to the director totalled £72,250.