COMPANY REGISTRATION NUMBER:
15153878
|
Greenstone Noble Resco Limited |
|
|
Filleted Financial Statements |
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|
Greenstone Noble Resco Limited |
|
Year ended 31 October 2025
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
2 |
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Greenstone Noble Resco Limited |
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|
Statement of Financial Position |
|
31 October 2025
Fixed assets
|
Tangible assets |
5 |
935,000 |
935,000 |
|
|
|
|
Current assets
|
Debtors |
6 |
10,089 |
7,142 |
|
Cash at bank and in hand |
66,457 |
26,369 |
|
-------- |
-------- |
|
76,546 |
33,511 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
1,039,469 |
1,027,547 |
|
------------ |
------------ |
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Net current liabilities |
962,923 |
994,036 |
|
--------- |
--------- |
|
Total assets less current liabilities |
(
27,923) |
(
59,036) |
|
-------- |
-------- |
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Net liabilities |
(
27,923) |
(
59,036) |
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-------- |
-------- |
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|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
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Other reserves |
(
85,000) |
(
85,000) |
|
Profit and loss account |
57,076 |
25,963 |
|
-------- |
-------- |
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Shareholders deficit |
(
27,923) |
(
59,036) |
|
-------- |
-------- |
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|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
22 April 2026
, and are signed on behalf of the board by:
Company registration number:
15153878
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Greenstone Noble Resco Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 October 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bradstowe House 35 Middle Wall, Whitstable, Kent, CT5 1BJ, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the basis of the preparation of the accounts and are satisfied that the accounts should be prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the rental of investment property in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax,returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors 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 other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2024:
3
).
5.
Tangible assets
|
Land and buildings |
|
£ |
|
Cost |
|
|
At 1 November 2024 and 31 October 2025 |
935,000 |
|
--------- |
|
Depreciation |
|
|
At 1 November 2024 and 31 October 2025 |
– |
|
--------- |
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Carrying amount |
|
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At 31 October 2025 |
935,000 |
|
--------- |
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At 31 October 2024 |
935,000 |
|
--------- |
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|
The investment property is measured at fair value in accordance with FRS 102. The property was revalued at the year end by Allsop LLP, independent chartered surveyors regulated by RICS.
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
10,089 |
7,142 |
|
-------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
772 |
– |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,016,456 |
1,015,226 |
|
Corporation tax |
10,417 |
2,384 |
|
Other creditors |
11,824 |
9,937 |
|
------------ |
------------ |
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1,039,469 |
1,027,547 |
|
------------ |
------------ |
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8.
Summary audit opinion
The auditor's report dated
7 May 2026
was
unqualified
.
The senior statutory auditor was
Stuart Harris ACA
, for and on behalf of
Burgess Hodgson Audit Limited
.
9.
Related party transactions
The Group has taken advantage of the exemption for disclosure requirements with group companies.
10.
Controlling party
The company’s immediate and ultimate parent company at the balance sheet date is
Greenstone Noble Limited
, a company incorporated in England and Wales. Greenstone Noble Limited’s registered address is Bradstowe House, 35 Middle Wall, Whitstable, Kent, England, CT5 1BJ
.