GREENFIELD HOLDINGS (IOW) LIMITED


Director	BROWNJOHN, Mark Stephan


Registered Address	Chancery House
	41a Hanger Hill
	Weybridge
	KT13 9XZ


Registered Number	07538323 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		11,250		15,466
			11,250		15,466
Current assets
Stocks		2,761,067		1,894,933
Debtors		4,043		8,032
Current asset investments	5	640,602		1,449,245
Cash at bank and on hand		75,260		116,862
		3,480,972		3,469,072
Creditors amounts falling due within one year		(708,438)		(736,167)
Net current assets (liabilities)			2,772,534		2,732,905
Total assets less current liabilities			2,783,784		2,748,371
Creditors amounts falling due after one year			-		(4,306)
Net assets			2,783,784		2,744,065
Capital and reserves
Called up share capital			81		81
Profit and loss account			2,783,703		2,743,984
Shareholders' funds			2,783,784		2,744,065

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 21 September 2026, and are signed on its behalf by:

BROWNJOHN, Mark Stephan
Director
Registered Company No. 07538323

GREENFIELD HOLDINGS (IOW) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

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
	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.

	Turnover policy
	Turnover comprises revenue recognised by the company in respect of the sale of properties developed by the company, and is recognised upon completion of the relevant sale, exclusive of value added tax. Turnover also includes revenue arising on maintenance works which is recognised once the work has been carried out, exclusive of value added tax. Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations in contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year which they are first foreseen.

Turnover policy

Turnover comprises revenue recognised by the company in respect of the sale of properties developed by the company, and is recognised upon completion of the relevant sale, exclusive of value added tax.

Turnover also includes revenue arising on maintenance works which is recognised once the work has been carried out, exclusive of value added tax.

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations in contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year which they are first foreseen.

	Current 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.

Current 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 between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.

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. 

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Vehicles	4
	Office Equipment	3

	Investments
	Interests in current asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in profit or loss.

	Stocks and work in progress
	Stocks and work in progress comprise land held for development, developments in progress and completed properties. Land held for developments is capitalised together with development costs including planning costs, legal and professional fees and architectural and design services. Development in progress includes land and units in the course of construction and include the cost of the land and the construction cost, apportioned across the development. Completed properties are stated at the lower of cost to build the units and net realisable value.

Stocks and work in progress

Stocks and work in progress comprise land held for development, developments in progress and completed properties.

Land held for developments is capitalised together with development costs including planning costs, legal and professional fees and architectural and design services. Development in progress includes land and units in the course of construction and include the cost of the land and the construction cost, apportioned across the development. Completed properties are stated at the lower of cost to build the units and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Further information regarding the company's income
	Other Income comprises revenue recognised by the company in respect of rental income, exclusive of Value Added Tax. Rental income is received one month in advance and is recognised over the period accrued.

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 25	17,026
	At 31 December 25	17,026
	Depreciation and impairment
	At 01 January 25	1,560
	Charge for year	4,216
	At 31 December 25	5,776
	Net book value
	At 31 December 25	11,250
	At 31 December 24	15,466

5.	Current asset investments
	Current asset investments £640,602 (2024: £1,449,245) comprise liquid investments such as deposits and bonds.

6.	Related party transactions
	MS Brownjohn - director At the year end £276,844 (2024: £224,522) was due to MS Brownjohn from the company. Entities under common control During the period the Company made sales in the sum of £39,473 (2024: £11,879) to related parties. At the year end £366,264 (2024: £451,364) was owed by the company to entities under common control.