Greywell Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03517282 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

GREYWELL PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R C E Hopcraft

S R Rolt

SECRETARY:

S R Rolt

REGISTERED OFFICE:

Culworth Fields

Culworth

Banbury

Oxfordshire

OX17 2HN

REGISTERED NUMBER:

03517282 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

CURRENT ASSETS

Stocks

688,035

669,813

Debtors

5

4,262

45,156

Cash at bank and in hand

698,621

691,203

1,390,918

1,406,172

CREDITORS

Amounts falling due within one year

6

3,222

24,707

NET CURRENT ASSETS

1,387,696

1,381,465

TOTAL ASSETS LESS CURRENT LIABILITIES

1,387,696

1,381,465

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Retained earnings

1,187,696

1,181,465

SHAREHOLDERS' FUNDS

1,387,696

1,381,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2020 and were signed on its behalf by:

R C E Hopcraft - Director

1.	STATUTORY INFORMATION

Greywell Property Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 that have originated but not reversed at the balance

sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

22,347

DEPRECIATION

At 1 April 2019

and 31 March 2020

22,347

NET BOOK VALUE

At 31 March 2020

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

4,262

45,156

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

1,462

4,508

Other creditors

1,760

20,199

3,222

24,707

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year Mr S Rolt, director’s current account became overdrawn, the maximum amount and the year end

balance was £3,980 (2019 £44,781). This has subsequently cleared.

During the year Mr R C R Hopcraft, director’s current account became overdrawn, the maximum amount and the

year end balance was £nil (2019 £25).

8.	RELATED PARTY DISCLOSURES

R C E Hopcraft (Director) is also a director of M Tec (Warwickshire) Limited, a company registered in England.

At the year end Greywell Property Limited owed M Tec (Warwickshire) Limited £nil (2019 £8,298).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S R Rolt.