Greywell Property Limited - Accounts to registrar (filleted) - small 18.1

Greywell Property Limited - Accounts to registrar (filleted) - small 18.1

GREYWELL PROPERTY LIMITED - Company Information

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REGISTERED NUMBER: 03517282 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

GREYWELL PROPERTY LIMITED
GREYWELL PROPERTY LIMITED (REGISTERED NUMBER: 03517282)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREYWELL PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







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
Page 1
GREYWELL PROPERTY LIMITED (REGISTERED NUMBER: 03517282)

BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 - 2
- 2

CURRENT ASSETS
Stocks 636,799 627,739
Debtors 6 2,316 1,003
Cash at bank and in hand 859,466 985,741
1,498,581 1,614,483
CREDITORS
Amounts falling due within one year 7 136,248 272,629
NET CURRENT ASSETS 1,362,333 1,341,854
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,362,333
1,341,856

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 1,162,333 1,141,856
SHAREHOLDERS' FUNDS 1,362,333 1,341,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

Page 2 continued...
GREYWELL PROPERTY LIMITED (REGISTERED NUMBER: 03517282)

BALANCE SHEET - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7 June 2018 and were signed on its behalf by:





R C E Hopcraft - Director


The notes form part of these financial statements

Page 3
GREYWELL PROPERTY LIMITED (REGISTERED NUMBER: 03517282)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018


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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 (2017 - 1 ).

Page 4 continued...
GREYWELL PROPERTY LIMITED (REGISTERED NUMBER: 03517282)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 22,347
DEPRECIATION
At 1 April 2017
and 31 March 2018 22,347
NET BOOK VALUE
At 31 March 2018 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2017 2
Disposals (2 )
At 31 March 2018 -
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 2,316 1,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 4,846 7,389
Other creditors 131,402 265,240
136,248 272,629

Page 5 continued...
GREYWELL PROPERTY LIMITED (REGISTERED NUMBER: 03517282)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018


8. RELATED PARTY DISCLOSURES

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

During the year purchases were made from M Tec (Warwickshire) Limited amounting to £nil (2017 £3,579).

At the year end M Tec (Warwickshire) Limited owed Greywell Property Limited £183 (2016 £98).

At 31 March 2018 other creditors includes loans made to the company by the director Mr R C E Hopcraft of
£nil (2017 £24l). The loans are interest bearing and have no fixed date for repayment.

At 31 March 2018 other creditors includes loans made to the company by the director Mr S Rolt of £114,976
(2017 £234,976). The loans are interest bearing and have no fixed date for repayment.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S R Rolt.

Page 6