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Company Registration No. 14958157 (England and Wales)
L & V Greenhill Ltd Unaudited accounts for the year ended 31 August 2025
L & V Greenhill Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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L & V Greenhill Ltd Company Information for the year ended 31 August 2025
Directors
Lewis Greenhill Victoria Greenhill
Company Number
14958157 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
Accountants
Wellington Consulting Ltd Rural Enterprise Centre Vincent Carey Road Office 34 Hereford Herefordshire HR2 6FE
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L & V Greenhill Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
28,000
31,500
Tangible assets
5
45,672
60,895
73,672
92,395
Current assets
Debtors
6
18,929
11,741
Cash at bank and in hand
20,392
28,294
39,321
40,035
Creditors: amounts falling due within one year
7
(34,543)
(23,679)
Net current assets
4,778
16,356
Total assets less current liabilities
78,450
108,751
Creditors: amounts falling due after more than one year
8
(99,470)
(126,885)
Net liabilities
(21,020)
(18,134)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(21,120)
(18,234)
Shareholders' funds
(21,020)
(18,134)
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by
Victoria Greenhill Director Company Registration No. 14958157
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L & V Greenhill Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
L & V Greenhill Ltd is a private company, limited by shares, registered in England and Wales, registration number 14958157. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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L & V Greenhill Ltd Notes to the Accounts for the year ended 31 August 2025
4
Intangible fixed assets
Other
£
Cost
At 1 September 2024
35,000
At 31 August 2025
35,000
Amortisation
At 1 September 2024
3,500
Charge for the year
3,500
At 31 August 2025
7,000
Net book value
At 31 August 2025
28,000
At 31 August 2024
31,500
The franchise fee represents the cost of acquiring the rights to operate under a franchise agreement. The fee is capitalised as an intangible fixed asset and amortised on a straight-line basis over the useful economic life of the agreement, which is 10 years. Amortisation is charged to the profit and loss account.
5
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 September 2024
76,118
At 31 August 2025
76,118
Depreciation
At 1 September 2024
15,223
Charge for the year
15,223
At 31 August 2025
30,446
Net book value
At 31 August 2025
45,672
At 31 August 2024
60,895
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
8,119
2,229
Trade debtors
6,140
8,014
Accrued income and prepayments
4,501
998
Other debtors
169
500
18,929
11,741
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L & V Greenhill Ltd Notes to the Accounts for the year ended 31 August 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,685
5,685
Trade creditors
15,955
723
Taxes and social security
97
5,394
Other creditors
1,929
-
Loans from directors
9,522
9,152
Accruals
1,355
2,725
34,543
23,679
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
32,711
38,535
Other creditors
66,759
88,350
99,470
126,885
9
Average number of employees
During the year the average number of employees was 3 (2024: 2).
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