REGISTERED NUMBER: 02106713 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

GREENCOURT PROPERTY GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Greenfield

SECRETARY:

Mrs J T Greenfield

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

02106713 (England and Wales)

ACCOUNTANTS:

JLA (UK) Ltd

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

31

36

Investments

5

984,903

984,903

Investment property

6

6,400,000

6,400,000

7,384,934

7,384,939

CURRENT ASSETS

Debtors

7

448,577

850,563

Cash at bank

1,159,213

502,474

1,607,790

1,353,037

CREDITORS

Amounts falling due within one year

8

639,854

666,285

NET CURRENT ASSETS

967,936

686,752

TOTAL ASSETS LESS CURRENT LIABILITIES

8,352,870

8,071,691

PROVISIONS FOR LIABILITIES

1,282,828

1,282,829

NET ASSETS

7,070,042

6,788,862

CAPITAL AND RESERVES

Called up share capital

9

4,205

4,205

Other reserves

15,373

15,373

Fair value reserve

3,848,460

3,848,460

Retained earnings

3,202,004

2,920,824

SHAREHOLDERS' FUNDS

7,070,042

6,788,862

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.

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 29 December 2025 and were signed by:

Mr M Greenfield - Director

1.	STATUTORY INFORMATION

Greencourt Property Group 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.

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

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the net value of rental income recieved, sale of property and profit share received from joint ventures

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

2,007

DEPRECIATION

At 1 April 2024

1,971

Charge for year

5

At 31 March 2025

1,976

NET BOOK VALUE

At 31 March 2025

31

At 31 March 2024

36

5.	FIXED ASSET INVESTMENTS

Other

investme

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

984,903

NET BOOK VALUE

At 31 March 2025

984,903

At 31 March 2024

984,903

Cost or valuation at 31 March 2025 is represented by:

Other

investme

£

Valuation in 2020

16,940

Valuation in 2021

12,320

Valuation in 2022

153,301

Valuation in 2023

(2,614

)

Valuation in 2024

8,956

Cost

796,000

984,903

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

6,400,000

NET BOOK VALUE

At 31 March 2025

6,400,000

At 31 March 2024

6,400,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

4,942,376

Cost

1,457,624

6,400,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

43,131

25,647

Amounts owed by group undertakings

14,001

28,001

Other debtors

391,445

796,915

448,577

850,563

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

699

775

Taxation and social security

106,331

46,728

Other creditors

532,824

618,782

639,854

666,285

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,048

'A' ORDINARY

£1

1,048

1,048

1,048

'B' ORDINARY

£1

1,048

1,048

1

'C' ORDINARY

£1

1

1

1

'D' ORDINARY

£1

1

1

1

'E' ORDINARY

£1

1

1

1

'F' ORDINARY

£1

1

1

1

'G' ORDINARY

£1

1

1

1

'H' ORDINARY

£1

1

1

1

'I' ORDINARY

£1

1

1

1

'J' ORDINARY

£1

1

1

1

'K' ORDINARY

£1

1

1

1

'L' ORDINARY

£1

1

1

1

'M' ORDINARY

£1

1

1

1

'N'ORDINARY

£1

1

1

1

'O' ORDINARY

£1

1

1

20,960

Deferred Ordinary 10p

10p

2,096

2,096

4,205

4,205

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £22,662 (2024: £5,757) to the director. The amount is interest free and repayable on demand.

At the balance sheet date, the company was owed an amount of £14,001 (2024: £28,001) from Greencourt Securities Ltd, a company where the director has common control.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Greenfield.