Company Registration No. 07244449 (England and Wales)
Greystones Investments Ltd
Unaudited accounts
for the year ended 31 May 2023
Greystones Investments Ltd
Unaudited accounts
Contents
Greystones Investments Ltd
Company Information
for the year ended 31 May 2023
Directors
Peter Sherlock
Brenda McEvoy
Company Number
07244449 (England and Wales)
Registered Office
40 MORNINGTON ROAD
WOODFORD GREEN
ESSEX
IG8 0TL
ENGLAND
Greystones Investments Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
4,226,485
4,389,743
Debtors
2,042,865
1,977,898
Cash at bank and in hand
128,019
35,834
Creditors: amounts falling due within one year
(265,367)
(225,885)
Net current assets
1,905,517
1,787,847
Total assets less current liabilities
6,132,102
6,177,690
Creditors: amounts falling due after more than one year
(4,500,069)
(4,663,594)
Net assets
1,632,033
1,514,096
Called up share capital
100
100
Profit and loss account
1,631,933
1,513,996
Shareholders' funds
1,632,033
1,514,096
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by
Peter Sherlock
Director
Company Registration No. 07244449
Greystones Investments Ltd
Notes to the Accounts
for the year ended 31 May 2023
Greystones Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 07244449. The registered office is 40 MORNINGTON ROAD, WOODFORD GREEN, ESSEX, IG8 0TL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
4,387,532
3,316
4,390,848
Additions
651,744
-
651,744
Disposals
(813,897)
-
(813,897)
At 31 May 2023
4,225,379
3,316
4,228,695
At 1 June 2022
-
1,105
1,105
Charge for the year
-
1,105
1,105
At 31 May 2023
-
2,210
2,210
At 31 May 2023
4,225,379
1,106
4,226,485
At 31 May 2022
4,387,532
2,211
4,389,743
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Investments
Subsidiary undertakings
Valuation at 1 June 2022
100
Valuation at 31 May 2023
100
Greystones Investments Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Accrued income and prepayments
58,568
40,000
Other debtors
1,984,297
1,937,898
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
75,000
75,000
Taxes and social security
29,076
45,945
Other creditors
38,717
33,190
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,529,099
1,723,576
Other creditors
548,390
531,017
Loans from directors
2,422,580
2,409,001
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).