Greenacre Building Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Greenacre Building Ltd

(Registration number: 11716083)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	27,489	17,492
Current assets
Work in progress		29,272	33,444
Debtors	5	24,190	16,228
Cash at bank and in hand		31,486	19,990
		84,948	69,662
Creditors: Amounts falling due within one year	6	(96,929)	(70,045)
Net current liabilities		(11,981)	(383)
Total assets less current liabilities		15,508	17,109
Creditors: Amounts falling due after more than one year	6	(9,318)	(8,991)
Provisions for liabilities		(2,010)	(4,373)
Net assets		4,180	3,745
Capital and reserves
Called up share capital		100	100
Profit and loss account		4,080	3,645
Shareholders' funds		4,180	3,745

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 22 July 2026
 

D W Wakefield Director

Greenacre Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Waltacre
Yealmpton
Plymouth
Devon
PL8 2LY

Principal activity

The principal activity of the company is that of the design and construction of sustainable spaces.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale 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.

Revenue is recognised with the increase in the value of work performed on construction contracts and on the value of goods and services provided during the year.

Greenacre Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% reducing balance
Plant and machinery	25% reducing balance
Computer equipment	4 year straight line
Motor vehicles	4 year straight line

Impairment

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Greenacre Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Work in progress

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 statement of comprehensive income over the period of 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measures at the best estimate of the amount required to settle the obligation at the reporting date and subsequently date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in the profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in the profit or loss in the period it arises.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Greenacre Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 4).

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Computer equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	-	14,247	1,972	17,995	34,214
Additions	910	-	-	19,735	20,645
At 31 December 2025	910	14,247	1,972	37,730	54,859
Depreciation
At 1 January 2025	-	8,743	1,230	6,749	16,722
Charge for the year	182	1,376	407	8,683	10,648
At 31 December 2025	182	10,119	1,637	15,432	27,370
Carrying amount
At 31 December 2025	728	4,128	335	22,298	27,489
At 31 December 2024	-	5,504	742	11,246	17,492

Greenacre Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5

Debtors

	2025 £	2024 £
Trade debtors	9,511	8,985
Other debtors	11,619	4,173
Prepayments	3,060	3,070
	24,190	16,228

6

Creditors

Creditors: amounts falling due within one year

		2025 £	2024 £
Loans and borrowings		17,446	16,852
Trade creditors		21,708	16,030
Taxation and social security		5,415	14,367
Accruals and deferred income		2,360	2,550
Other creditors		50,000	20,246
		96,929	70,045

Within loans and borrowings above is a Bounce Back Loan which benefits from a government guarantee, also included in the balance is a HP agreement which is secured over the asset to which it relates.

Creditors: amounts falling due after more than one year

		2025 £	2024 £
Loans and borrowings		9,318	8,991

Within loans and borrowings above is a Bounce Back Loan which benefits from a government guarantee, also included in the balance is a HP agreement which is secured over the asset to which it relates.

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Greenacre Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	12,900	12,900
Later than one year and not later than five years	12,903	25,546
	25,803	38,446

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £254).

9	Related party transactions

Transactions with the director

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
D W Wakefield
Director	4,173	40,631	(10,080)	34,724

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
D W Wakefield
Director	(501)	43,284	(38,610)	4,173

Other transactions with the director

During the year the company carried out work on the directors private residence. All transactions were at full market value and settled in line with the company's usual terms and conditions.