ACCOUNTS - Final Accounts preparation

Registered number: 04813732

GREYCLYDE DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

GREYCLYDE DEVELOPMENTS LIMITED

REGISTERED NUMBER: 04813732

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		100		100
Current assets
Debtors: amounts falling due within one year	5	10,911		14,761
Cash at bank and in hand	6	1,928		5,160
		12,839		19,921
Creditors: amounts falling due within one year	7	(6,271)		(7,002)
Net current assets			6,568		12,919

Net assets			6,668		13,019

Capital and reserves
Called up share capital	730	730
Other reserves	76	76
Profit and loss account	5,862	12,213
	6,668	13,019

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GREYCLYDE DEVELOPMENTS LIMITED

REGISTERED NUMBER: 04813732

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 AUGUST 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

S E Gerrard

Director

Date: 30 March 2026

The notes on pages 4 to 6 form part of these financial statements.

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GREYCLYDE DEVELOPMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Other reserves	Profit and loss account	Total equity
	£	£	£	£
At 1 September 2023	730	76	18,079	18,885

Profit for the year	-	-	880,134	880,134
Dividends payable	-	-	(886,000)	(886,000)

At 1 September 2024	730	76	12,213	13,019

Profit for the year	-	-	633,649	633,649
Dividends payable	-	-	(640,000)	(640,000)
At 31 August 2025	730	76	5,862	6,668

The notes on pages 4 to 6 form part of these financial statements.

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GREYCLYDE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Greyclyde Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 197 Ballards Lane, London, England, N3 1LP and its company registration number is 04813732.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis which, inter alia, is based on the directors’ reasonable expectation that the Company has adequate resources to continue to operate as a going concern for at least twelve months from the date of their approval.
In making the assessment of the appropriateness of this basis, the directors have considered the trading of the Company since the year end and the facilities that are either committed to the Company for a period of at least twelve months from the date of approval of the financial statements or which they consider will probably be available to the Company during such period.
After careful consideration, the directors consider that they have reasonable grounds to believe that the Company can be regarded as a going concern and, for this reason, they continue to adopt the going concern basis in preparing the Company’s financial statements.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short-term creditors are measured at the transaction price.

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GREYCLYDE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 September 2024	100
	At 31 August 2025	100

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	10,911	14,761

6.	Cash
		2025	2024
		£	£

	Cash at bank and in hand	1,928	5,160

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GREYCLYDE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

7.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	1,302
Accruals	6,271	5,700
	6,271	7,002

8.	Contingent liabilities

There are unlimited cross guarantees between the Company, Greyclyde Investments Limited and Abbeytown Limited. These are to secure facilities provided both by Barclays Bank PLC and Lloyds Bank PLC.
The total of these guarantees at 31 August 2025 was £25,237,722 (2024: £23,837,722).

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