Registration number: 10147060

Greenshore Developments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Greenshore Developments Limited

Company Information

Directors

Luca Bertali Thomas Rene Nicolle

Company secretary

Valeria Bertali

Registered office

39 Mount Road Upton Wirral Merseyside CH49 6JA

Accountants

Carbon Accountancy Limited Chartered Accountants 80-83 Long Lane London EC1A 9ET

Greenshore Developments Limited

(Registration number: 10147060)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	596,998	596,998
Current assets
Debtors	5	992	536,402
Cash at bank and in hand		7,667	1,582
		8,659	537,984
Creditors: Amounts falling due within one year	6	(7,557)	(454,059)
Net current assets		1,102	83,925
Total assets less current liabilities		598,100	680,923
Creditors: Amounts falling due after more than one year	6	(489,600)	(489,600)
Net assets		108,500	191,323
Capital and reserves
Called up share capital		2	2
Retained earnings		108,498	191,321
Shareholders' funds		108,500	191,323

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:
 

......................................... Luca Bertali Director

Greenshore Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
39 Mount Road
Upton
Wirral
Merseyside
CH49 6JA
United Kingdom

These financial statements were authorised for issue by the Board on 23 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Greenshore Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

Greenshore Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Investment properties

	2025 £
At 1 May	596,998
At 30 April	596,998

The investment property has been valued at the balance sheet date by the director, who believe the carrying value to be the fair value.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	9	-	535,660
Other debtors		992	742
		992	536,402

Greenshore Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		44	44
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	-	247,334
Accruals and deferred income		1,513	1,513
Other creditors		6,000	205,168
		7,557	454,059

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	489,600	489,600

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	489,600	489,600

8

Dividends

		2025		2024
		£		£
Interim dividend of £40,832.00 (2024 - £Nil) per ordinary share		81,664		-

Greenshore Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9	Related party transactions

Summary of transactions with parent

N.B. ITCO Limited - Parent company registered in England

Summary of transactions with entities with joint control or significant interest

Hendon Property Limited - Joint Control Interest free loan to the entities with joint control

Loans to related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	535,660	535,660
Repaid	(535,660)	(535,660)
At end of period	-	-

2024	Entities with joint control or significant influence £	Total £
At start of period	531,812	531,812
Advanced	5,731	5,731
Expenses recognised as bad debt	(1,883)	(1,883)
At end of period	535,660	535,660

2025	Parent £	Key management £	Total £
At start of period	227,334	219,168	446,502
Repaid	(227,334)	(219,168)	(446,502)
At end of period	-	-	-