Greyfriars Corporation Ltd - Accounts to registrar (filleted) - small 18.2

Greyfriars Corporation Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 03263394 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Greyfriars Corporation Ltd

Greyfriars Corporation Ltd (Registered number: 03263394)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Greyfriars Corporation Ltd

Company Information
for the Year Ended 28 February 2022







DIRECTORS: Mr J C Borthwick
Mrs M E Borthwick





SECRETARY: Mrs M E Borthwick





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH





REGISTERED NUMBER: 03263394 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Greyfriars Corporation Ltd (Registered number: 03263394)

Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92 157

CURRENT ASSETS
Debtors 5 19,982 11,778
Cash at bank 80,116 104,492
100,098 116,270
CREDITORS
Amounts falling due within one year 6 18,935 20,899
NET CURRENT ASSETS 81,163 95,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,255

95,528

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 81,253 95,526
SHAREHOLDERS' FUNDS 81,255 95,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2022 and were signed on its behalf by:





Mr J C Borthwick - Director


Greyfriars Corporation Ltd (Registered number: 03263394)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Greyfriars Corporation Ltd 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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021
and 28 February 2022 1,926
DEPRECIATION
At 1 March 2021 1,769
Charge for year 65
At 28 February 2022 1,834
NET BOOK VALUE
At 28 February 2022 92
At 28 February 2021 157

Greyfriars Corporation Ltd (Registered number: 03263394)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 8,181 8,289
Other debtors 11,801 3,489
19,982 11,778

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 17,495 19,459
Other creditors 1,440 1,440
18,935 20,899

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021:

2022 2021
£    £   
Mr J C Borthwick
Balance outstanding at start of year 2,910 10,223
Amounts advanced 13,514 3,805
Amounts repaid (5,068 ) (11,118 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,356 2,910

Interest has been charged on the above loan at 2%.