Greenstead Properties Limited - Filleted accounts

GREENSTEAD PROPERTIES LIMITED - Company Information

Registered number

SC581472

Greenstead Properties Limited

Filleted Abridged Accounts

30 November 2018

Greenstead Properties Limited
Registered number:	SC581472
Abridged Balance Sheet
as at 30 November 2018

Notes		2018
£
Current assets
Stocks	21,059
Cash at bank and in hand	2,275
	23,334

Creditors: amounts falling due within one year	(24,124)

Net current liabilities		(790)

Net liabilities		(790)

Capital and reserves
Profit and loss account		(790)

Shareholders' funds		(790)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.




Aidan Ruthven
Director
Approved by the board on 9 August 2019

Greenstead Properties Limited
Notes to the Abridged Accounts
for the period from 14 November 2017 to 30 November 2018


1	Accounting policies

	Basis of preparation
	The abridged 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
	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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


2	Other information

	Greenstead Properties Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	2a Whitehill Street
	Newcraighall
	Musselburgh
	EH21 8RA


3	Going concern

	The directors have reviewed a period of 12 months from approval of these financial statements and concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to prepare the accounts on a going concern basis.