GREENHILL ONE LIMITED


Director	WEATHERUP, Colin


Registered Address	145 Greenhill Road
	Winchester
	SO22 5DU


Registered Number	11350467 (England and Wales)

Balance Sheet as at
31 May 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		477,650		477,650
			477,650		477,650
Current assets
Debtors		2,810		2,542
Cash at bank and on hand		3,852		2,941
		6,662		5,483
Creditors amounts falling due within one year		(3,800)		(3,350)
Net current assets (liabilities)			2,862		2,133
Total assets less current liabilities			480,512		479,783
Creditors amounts falling due after one year			(422,784)		(432,240)
Provisions for liabilities			(27,286)		(27,286)
Net assets			30,442		20,257
Capital and reserves
Called up share capital			10		10
Revaluation reserve			81,859		81,859
Profit and loss account			(51,427)		(61,612)
Shareholders' funds	5		30,442		20,257

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 26 August 2026, and are signed on its behalf by:

WEATHERUP, Colin
Director
Registered Company No. 11350467

GREENHILL ONE LIMITED

Notes to the Financial Statements
for the year ended 31 May 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets comprise investment properties only. Investment properties are held either at cost less any impairment or at revalued amount, depending on the circumstances of acquisition and management intention. The directors assess the appropriate measurement basis for each property individually. Cost: Properties acquired during the year are stated at cost, including directly attributable acquisition costs such as legal and professional fees. These assets are not depreciated, as the directors consider the residual value to be equal to or greater than the carrying amount, and the useful economic life is not reliably determinable. Revaluation: Where properties are held at revalued amounts, they are stated at fair value as determined by an independent valuation or director assessment at the balance sheet date. Changes in fair value are recognised in the profit and loss account as they arise. The directors review the carrying values of investment properties annually and adjust for any indication of impairment or change in fair value. No other tangible fixed assets are held by the company.

Tangible fixed assets and depreciation

Tangible fixed assets comprise investment properties only.
Investment properties are held either at cost less any impairment or at revalued amount, depending on the circumstances of acquisition and management intention. The directors assess the appropriate measurement basis for each property individually.
Cost: Properties acquired during the year are stated at cost, including directly attributable acquisition costs such as legal and professional fees. These assets are not depreciated, as the directors consider the residual value to be equal to or greater than the carrying amount, and the useful economic life is not reliably determinable.
Revaluation: Where properties are held at revalued amounts, they are stated at fair value as determined by an independent valuation or director assessment at the balance sheet date. Changes in fair value are recognised in the profit and loss account as they arise.
The directors review the carrying values of investment properties annually and adjust for any indication of impairment or change in fair value. No other tangible fixed assets are held by the company.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 June 25	477,650
	At 31 May 26	477,650
	Net book value
	At 31 May 26	477,650
	At 31 May 25	477,650

5.	Revaluation reserve


		£
	Reserve at 01 June 25	81,859
	At 31 May 26	81,859

6.	Related party transactions
	Included in long term other creditors is a loan from the company director of £46,640 (2024: £46,346)