REGISTERED NUMBER: 03606871 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Greenham Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

D C Barzotelli

SECRETARY:

REGISTERED OFFICE:

274 Northdown Road

Margate

Kent

CT9 2PT

REGISTERED NUMBER:

03606871 (England and Wales)

ACCOUNTANTS:

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,673,162

8,711,563

8,673,162

8,711,563

CURRENT ASSETS

Stocks

2,394,639

2,314,764

Debtors

6

108,591

78,015

Prepayments and accrued income

47,418

45,068

Cash at bank

308,901

283,171

2,859,549

2,721,018

CREDITORS

Amounts falling due within one year

7

567,148

1,047,960

NET CURRENT ASSETS

2,292,401

1,673,058

TOTAL ASSETS LESS CURRENT LIABILITIES

10,965,563

10,384,621

CREDITORS

Amounts falling due after more than one year

8

4,603,388

4,636,991

NET ASSETS

6,362,175

5,747,630

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

199,671

199,671

Retained earnings

6,161,504

5,546,959

SHAREHOLDERS' FUNDS

6,362,175

5,747,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 25 November 2025 and were signed by:

D C Barzotelli - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

40,000

AMORTISATION

At 1 January 2024

and 31 December 2024

40,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

7,761,135

1,924,586

9,685,721

Additions

-

19,383

19,383

At 31 December 2024

7,761,135

1,943,969

9,705,104

DEPRECIATION

At 1 January 2024

-

974,158

974,158

Charge for year

-

57,784

57,784

At 31 December 2024

-

1,031,942

1,031,942

NET BOOK VALUE

At 31 December 2024

7,761,135

912,027

8,673,162

At 31 December 2023

7,761,135

950,428

8,711,563

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

19,703

14,379

VAT

69,071

63,636

88,774

78,015

Amounts falling due after more than one year:

Pilgrims Lodge Homes Ltd

19,817

-

Aggregate amounts

108,591

78,015

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

330,945

342,006

Trade creditors

1,402

1,752

Pension creditor

12,263

-

Corporation tax

208,141

199,083

Pilgrims Lodge

-

443,183

Deposit held

4,195

3,810

Directors' current accounts

4,353

52,277

Accrued expenses

5,849

5,849

567,148

1,047,960

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loan

4,603,388

4,636,991

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

199,671

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

25 November 2025