Greenleaf Properties Sussex Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03102984 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

GREENLEAF PROPERTIES SUSSEX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S Lambor

M Lambor

S Lambor

REGISTERED OFFICE:

Sussex House Crowhurst Road

Hollingbury Industrial Estate

Brighton

East Sussex

BN1 8AF

REGISTERED NUMBER:

03102984 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

28,450

-

Investments

5

45,000

25,000

Investment property

6

23,901,673

22,032,916

23,975,123

22,057,916

CURRENT ASSETS

Debtors

7

602,969

805,407

Cash at bank

233,987

219,370

836,956

1,024,777

CREDITORS

Amounts falling due within one year

8

(8,866,420

)

(9,084,116

)

NET CURRENT LIABILITIES

(8,029,464

)

(8,059,339

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,945,659

13,998,577

PROVISIONS FOR LIABILITIES

(3,707,704

)

(3,228,029

)

NET ASSETS

12,237,955

10,770,548

CAPITAL AND RESERVES

Called up share capital

9

100

Other reserves

11,114,962

9,698,394

Retained earnings

1,122,893

1,072,054

SHAREHOLDERS' FUNDS

12,237,955

10,770,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2026 and were signed on its behalf by:

S Lambor - Director

1.	STATUTORY INFORMATION

Greenleaf Properties Sussex 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.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rent from investment properties together with sales of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of 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.

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

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period fo the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Non-distributable reserve

The aggregate fair value adjustments relating to movements in the value of the company's investment properties are transferred at the end of each period, net of deferred tax, from the profit and loss reserve to the non-distributable reserve.

On disposal of investment property the aggregate fair value adjustment is transferred back to profit and loss reserves and the deferred tax position is transferred to current tax liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 October 2024

66,199

1,443

67,642

Additions

31,930

-

31,930

At 30 September 2025

98,129

1,443

99,572

DEPRECIATION

At 1 October 2024

66,199

1,443

67,642

Charge for year

3,480

-

3,480

At 30 September 2025

69,679

1,443

71,122

NET BOOK VALUE

At 30 September 2025

28,450

-

28,450

At 30 September 2024

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2024

25,000

Revaluations

20,000

At 30 September 2025

45,000

NET BOOK VALUE

At 30 September 2025

45,000

At 30 September 2024

25,000

Cost or valuation at 30 September 2025 is represented by:

Other

investments

£

Valuation in 2025

20,000

Cost

25,000

45,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

22,032,916

Revaluations

1,868,757

At 30 September 2025

23,901,673

NET BOOK VALUE

At 30 September 2025

23,901,673

At 30 September 2024

22,032,916

Fair value at 30 September 2025 is represented by:

£

Valuation in 2021

9,677,732

Valuation in 2022

2,553,500

Valuation in 2023

2,983,019

Valuation in 2024

(2,285,758

)

Valuation in 2025

1,868,757

Cost

9,104,423

23,901,673

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

206,980

225,481

Other debtors

381,151

562,332

Accrued income

1,683

-

Prepayments

13,155

17,594

602,969

805,407

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

40,734

23,861

Amounts owed to group undertakings

8,069,102

8,126,592

Tax

129,892

148,326

Social security and other taxes

3,119

2,932

VAT

114,470

112,590

Other creditors

202,636

184,012

Directors' current accounts

32,670

37,075

Deferred income

268,479

420,151

Accrued expenses

5,318

28,577

8,866,420

9,084,116

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

70

Ordinary A

£1

70

30

Ordinary B

£1

30

100

10.	RELATED PARTY DISCLOSURES

Matsim Properties Limited

Included in other creditors is a loan from Matsim Properties Limited, a company in which Mr M Lambor was also a director until resignation on 5th March 2024.

At the year end the loan balance due to Matsim Properties Limited was £8,031,836 (2024 - £8,126,107)

Greenleaf Construction Services Limited

Included in other creditors is a loan from Greenleaf Construction Services Limited, a company in which Mr M Lambor and Mr S Lambor are also directors. At the year end the loan balance due to Greenleaf Construction Services Limited was £37,266 (2024 - £485).