Greencliff Property Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11518869 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Greencliff Property Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R G Jennings

REGISTERED OFFICE:

69 High Street

Bideford

Devon

EX39 2AT

REGISTERED NUMBER:

11518869 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Investments

5

14

Investment property

6

212,413

-

212,427

14

CURRENT ASSETS

Debtors

1,050,074

806,903

Investments

1,936,998

1,836,307

Cash at bank

599,370

681,800

3,586,442

3,325,010

CREDITORS

Amounts falling due within one year

35,468

156,519

NET CURRENT ASSETS

3,550,974

3,168,491

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,763,401

3,168,505

CAPITAL AND RESERVES

Called up share capital

7

14

Retained earnings

3,763,387

3,168,491

SHAREHOLDERS' FUNDS

3,763,401

3,168,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

Mr R G Jennings - Director

1.	STATUTORY INFORMATION

Greencliff Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

Financial instruments

Basic financial instruments 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 administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the director considers that it is appropriate to prepare the financial statements on the going concern basis.

Other investments

Investments in shares and similar investments other than subsidiaries and associated companies are included at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable, are recognised in profit and loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

14

NET BOOK VALUE

At 31 March 2025

14

At 31 March 2024

14

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

212,413

At 31 March 2025

212,413

NET BOOK VALUE

At 31 March 2025

212,413

The investment property was valued on an open market basis at the balance sheet date.

The investment property is accounted for at fair value on an on-going basis.

The historical cost of the freehold investment property was £212,413.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

14

Ordinary

£1

14

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mr R G Jennings

Balance outstanding at start of year

580,000

280,000

Amounts advanced

250,000

300,000

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

830,000

580,000

The maximum overdrawn balance during the year was £830,000.

Interest was charged on the loan at the official interest rate.

9.	POST BALANCE SHEET EVENTS

Since the year end the company has sold it shareholding in R & D Water Engineers Ltd for proceeds of £876,108.