Gregstream Enterprises Limited - Abbreviated accounts

Registered number

02643409

(England & Wales)

Gregstream Enterprises Limited

Directors' report and financial statements

31 December 2024

Gregstream Enterprises Limited
Registered number:		02643409
Directors' report
The director presents his report and the financial statements for the year ended				31/12/2024

Principal activities
The company's principal activity during the year under review was financial leasing

Directors
The following persons served as directors during the year:

	Frances Ann Gordon


Statement of Director's responsibilities
Director's responsibilities for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under the law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standarts and applicable law). The financial statements are required by law to give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that year. In preparing these financial statements the directors are required to:
●	select suitable accounting policies and apply them consistently;
●	make judgments and estimates that are reasonable and prudent;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonble steps for the prevention and detection of fraud other irregularities.

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.


This report was approved by the board on:			29/12/2025

and signed on its behalf by:

Frances Ann Gordon
Director

Gregstream Enterprises Limited

Statement of comprehensive income
for the year ended	31/12/2024

Notes			2024		2023
€				€
Turnover

Administrative expenses		8	(157,483)		(135,266)

Operating loss/profit			(157,483)		(135,266)

Gain on disposal of finacial investments		9	80,619		107,469
Income from other investments			7,842		8,411
Other finace income			62,142		31,347

(Loss)/Profit before taxation		10	(6,880)		11,961

Tax on (loss)/profit			-		-

(Loss)/Profit for the financial year			(6,880)		11,961



Other comprehensive income for the year :
Reserve movements			311,610		193,447

Total comprehensive income for the year			304,730		205,408

'Notes' designates the corresponding entries in the Detailed income statement.

Gregstream Enterprises Limited

Registered number			02643409
Statement of financial position
as at
31/12/2024

Notes		2024	2024		2023	2023
€			€	€		€




Current assets
Investments held as current assets	5	4,357,820			4,050,934
Cash at bank and in hand		3,067			6,010
		4,360,887			4,056,944

Creditors: amounts falling due within one year	6		(5,057)			(5,844)

Net current assets (liabilities)			4,360,887			4,056,944

Total assets less current liabilities			4,355,830			4,051,100


Net assets			4,355,830			4,051,100

Capital and reserves
Called up share capital			3,774,784			3,774,784
Profit and loss account			581,046			276,316

Shareholder's funds			4,355,830			4,051,100

a. For the year under review the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
b. The members have not required the company to obtain an audit of in accordance with section 476 of the Companies Act 2006.
c. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
d. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Frances Ann Gordon
Director
29/12/2025

Gregstream Enterprises Limited

Registered number		02643409
Statement of changes in equity
as at
31/12/2024
	Called up share capital	Profit and loss account	Total
€		€	€
At 1 January 2023	3,774,784	70,908	3,845,692

(loss)/profit for the year		11,961	11,961
Other comprehensive income for the year:		193,447	193,447

Total comprehensive income for the year		205,408	205,408

At 31 December 2023 and 1st January 2024	3,774,784	276,316	4,051,100

(loss)/profit for the year		(6,880)	(6,880)
Other comprehensive income for the year		311,610	311,610

Total comprehensive income for the year		304,730	304,730


At 31st December 2024	3,774,784	581,046	4,355,830


Gregstream Enterprises Limited
Notes to the Accounts
for the year ended		31/12/2024

1	Accounting policies

	Basis of preparation
	The Financial Statements have been prepared under the historical cost convention and in accordance with FRS102. The Financial reporting Standard applicable in the UK and Republic of Ireland.

2	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. The financial statements are prepared in EUR, wich is the functional currency of the entity

3	Taxation
	The taxation represents the aggregate amount of current and deferred tax recognized in the reporting period. Tax is recognized in the statement of comprehensive income, except to the extent that it relates to items recognized in the statement of comprehensive income or directly in capital and reserves. In this case, tax is recognized in other comprehensive income or directly in capital and reserves. Respectively. Current tax is recognized on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognized in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognized to the extent that it is probable that they will be recovered against the reversal or deferred tax liabilities or other future taxable profits .Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Gregstream Enterprises Limited

Notes to the Accounts
for the year ended		31/12/2024


4	Financial instruments
	A financial asset or financial liability is recognized only when the company becomes a party to the contractual provisions of the instrument Basic financial instruments are initially recognized at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognized at the present value of the future payments discounted at a market rate of interest for a similar debt instrument . Debt instruments are subsequently measured at amortized cost Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded, the investment is subsequently measured at fair value with changes in faire value recognized in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognized at faire value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rete of interest for a similar debt instrument Financial assets are measured at cost or amortized 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 recognized in profit or loss immediately. For all equity instruments regardless of significance and other financial assets are individually significant? These 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 recognized 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 impairment not previously been recognized

5	Investments
			2024			2023
€				€

	Investments brouht forward		4,050,934		-	3,478,130
	Net movement		(4,724)		-	379,357
	Change in fair value		311,610		-	193,447

	Investments carried forward		4,357,820		-	4,050,934

6	Creditors: amounts falling due within one year

			2024			2023
€				€
	Accruals		5,057			5,855

7	Average number of employees
	Average number of persons employed by the company was 0

Gregstream Enterprises Limited

Detailed income statement
For the year ended		31/12/2024
			2024		2023
€				€
8	Overheads

	Administrative expenses		157,483		135,266
	Operating loss		157,483		135,266

9	Income from investments
	Gain on disposal of finacial investments		80,619		107,469
	Income from other investments		7,842		8,411
	Other finance income				31347
			150,603		147,227

10	(Loss)/profit before taxation		(6,880)		11,961