GREENTHREAD LTD


Directors	CLARKE, Ross
	NUTLEY, Brian George
	NUTLEY, Kim Alexander


Company Secretary	STRONACHS SECRETARIES LIMITED


Registered Address	28 Albyn Place
	Aberdeen
	AB10 1YL


Registered Number	SC401441 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		87,724		81,566
Tangible assets	4		12,862		15,176
			100,586		96,742
Current assets
Debtors		18		160,588
Cash at bank and on hand		3,673		1,063
		3,691		161,651
Creditors amounts falling due within one year	5	(31,398)		(47,520)
Net current assets (liabilities)			(27,707)		114,131
Total assets less current liabilities			72,879		210,873
Creditors amounts falling due after one year	6		(957,872)		(1,012,436)
Net assets			(884,993)		(801,563)
Capital and reserves
Called up share capital			3,000		3,000
Profit and loss account			(887,993)		(804,563)
Shareholders' funds			(884,993)		(801,563)

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 Directors acknowledge 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 Board of Directors on 31 October 2025, and are signed on its behalf by:

NUTLEY, Kim Alexander
Director
Registered Company No. SC401441

GREENTHREAD LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. 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.

	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.

	Intangible assets
	Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to write off the cost of valuation of assets less their residual values over their useful lives on the following bases: Patents & licences - No amortisation Research & development - No amortisation

	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: Plant and equipment 15% reducing balance and 25% straight line Office equipment 25% straight line

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	81,566	81,566
Additions	6,158	6,158
At 31 March 25	87,724	87,724
Net book value
At 31 March 25	87,724	87,724
At 31 March 24	81,566	81,566

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	118,715	583	119,298
At 31 March 25	118,715	583	119,298
Depreciation and impairment
At 01 April 24	103,912	210	104,122
Charge for year	2,221	93	2,314
At 31 March 25	106,133	303	106,436
Net book value
At 31 March 25	12,582	280	12,862
At 31 March 24	14,803	373	15,176

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	4,237
Amounts owed to related parties	29,013	29,013
Taxation and social security	735	377
Accrued liabilities and deferred income	1,650	13,893
Total	31,398	47,520


	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.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	957,872	1,012,436
Total	957,872	1,012,436