Company registration number 00261126 (England and Wales)
GREYLAND PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GREYLAND PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GREYLAND PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
1,329,251
1,363,891
Cash at bank and in hand
11,921
1,431
1,341,172
1,365,322
Creditors: amounts falling due within one year
5
(20,796)
(524,502)
Net current assets
1,320,376
840,820
Capital and reserves
Called up share capital
33,284
33,284
Share premium account
1,386,388
1,386,388
Capital redemption reserve
10,274
10,274
Profit and loss reserves
(109,570)
(589,126)
Total equity
1,320,376
840,820

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 25 August 2026
C C Webb
Director
Company Registration No. 00261126
GREYLAND PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Greyland Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bank House, 9 Dicconson Terrace, Lytham St Annes, FY8 5JY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at cost less impairment. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

GREYLAND PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
4
GREYLAND PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,265,401
1,276,809
Other debtors
63,850
87,082
1,329,251
1,363,891
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
6,963
-
0
Other taxation and social security
831
728
Other creditors
13,002
523,774
20,796
524,502
6
Financial commitments, guarantees and contingent liabilities

The company is party to a group banking arrangement. At the balance sheet date the potential liability relating to cross guarantees in respect of borrowings by other group companies was £2,379,722 (2024 - £2,258,071). The company and group bank borrowings are secured on the group's and related undertaking's land and buildings.

7
Related party transactions

The company has taken advantage of the available exemptions in section 33.1A of FRS 102 not to disclose transactions between two or more wholly owned members of the group.

During the year repayments of £12 6,500 were made to the Velswood Pension Fund Scheme, a scheme which has members who are also on the board of directors of the company. At the balance sheet date an amount of £7,500 was due to be repaid by Velswood (2024 - £119,000 was outstanding). Fixed interest of £5 6,407 was repaid upon repayment of the loan balance.

At the balance sheet date, a loan of £0 (202 4 - £26,132) was owed by Fresh Tracks Holdings Ltd, a company in which C C Webb is also a director in. No interest was charged and the loan is repayable on demand.

The Saint Annes-On-The-Sea Land and Building Company Limited charged Greyland Properties Limited management fees of £0 (202 4 - £204,550), a connected company. During the year, there was a correction of the management charge for 2024 leading to a reduction of £3,750.

Velswood Limited charged Greyland Properties Limited management fees of £0 (202 4 - £204,550), a connected company. During the year, there was a correction of the management charge for 2024 leading to a reduction of £3,750.

8
Parent company

The parent company of Greyland Properties Limited is Greyland Holding Co Limited and its registered office is Bank House, 9 Dicconson Terrace, Lytham St. Annes, Lancashire, FY8 5JY.

2025-11-30 2024-12-01 false false false 25 August 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity C C Webb C Christou 00261126 2024-12-01 2025-11-30 00261126 2025-11-30 00261126 core:WithinOneYear 2025-11-30 00261126 core:WithinOneYear 2024-11-30 00261126 2024-11-30 00261126 core:CurrentFinancialInstruments 2025-11-30 00261126 core:CurrentFinancialInstruments 2024-11-30 00261126 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 00261126 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 00261126 core:ShareCapital 2025-11-30 00261126 core:ShareCapital 2024-11-30 00261126 core:SharePremium 2025-11-30 00261126 core:SharePremium 2024-11-30 00261126 core:CapitalRedemptionReserve 2025-11-30 00261126 core:CapitalRedemptionReserve 2024-11-30 00261126 core:RetainedEarningsAccumulatedLosses 2025-11-30 00261126 core:RetainedEarningsAccumulatedLosses 2024-11-30 00261126 bus:Director1 2024-12-01 2025-11-30 00261126 2023-12-01 2024-11-30 00261126 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 00261126 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 00261126 bus:FRS102 2024-12-01 2025-11-30 00261126 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 00261126 bus:CompanySecretary1 2024-12-01 2025-11-30 00261126 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP