Greenhill Investments Limited 31/12/2022 iXBRL

Greenhill Investments Limited 31/12/2022 iXBRL

GREENHILL INVESTMENTS LIMITED - Company Information

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9 31/12/2022 2022-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08184054 2022-01-01 2022-12-31 08184054 2022-12-31 08184054 2021-12-31 08184054 2021-01-01 2021-12-31 08184054 2021-12-31 08184054 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 08184054 bus:RegisteredOffice 2022-01-01 2022-12-31 08184054 bus:Director1 2022-01-01 2022-12-31 08184054 bus:Director2 2022-01-01 2022-12-31 08184054 core:LandBuildings core:ShortLeaseholdAssets 2021-12-31 08184054 core:FurnitureFittingsToolsEquipment 2021-12-31 08184054 core:LandBuildings core:ShortLeaseholdAssets 2022-12-31 08184054 core:FurnitureFittingsToolsEquipment 2022-12-31 08184054 core:WithinOneYear 2022-12-31 08184054 core:WithinOneYear 2021-12-31 08184054 core:AfterOneYear 2022-12-31 08184054 core:AfterOneYear 2021-12-31 08184054 core:ShareCapital 2022-12-31 08184054 core:ShareCapital 2021-12-31 08184054 core:RetainedEarningsAccumulatedLosses 2022-12-31 08184054 core:RetainedEarningsAccumulatedLosses 2021-12-31 08184054 core:BetweenOneFiveYears 2022-12-31 08184054 core:BetweenOneFiveYears 2021-12-31 08184054 core:LandBuildings core:ShortLeaseholdAssets 2022-01-01 2022-12-31 08184054 core:LandBuildings core:ShortLeaseholdAssets 2021-12-31 08184054 core:FurnitureFittingsToolsEquipment 2021-12-31 08184054 bus:Director1 2020-12-31 08184054 bus:Director1 2021-01-01 2021-12-31 08184054 bus:SmallEntities 2022-01-01 2022-12-31 08184054 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08184054 bus:FullAccounts 2022-01-01 2022-12-31 08184054 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 08184054 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Company registration number: 08184054
Greenhill Investments Limited
Unaudited filleted financial statements
31 December 2022
Greenhill Investments Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Greenhill Investments Limited
Directors and other information
Directors Mr I Fraser
Mrs F Fraser
Company number 08184054
Registered office 65 Upper Street
London
N1 0NY
Greenhill Investments Limited
Statement of financial position
31 December 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 17,417 21,952
_______ _______
17,417 21,952
Current assets
Debtors 6 19,819 26,848
Cash at bank and in hand 214,553 238,972
_______ _______
234,372 265,820
Creditors: amounts falling due
within one year 7 ( 123,989) ( 109,676)
_______ _______
Net current assets 110,383 156,144
_______ _______
Total assets less current liabilities 127,800 178,096
Creditors: amounts falling due
after more than one year 8 ( 71,506) ( 109,602)
_______ _______
Net assets 56,294 68,494
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,194 68,394
_______ _______
Shareholders funds 56,294 68,494
_______ _______
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 September 2023 , and are signed on behalf of the board by:
Mr I Fraser
Director
Company registration number: 08184054
Greenhill Investments Limited
Notes to the financial statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 65 Upper Street, London, N1 0NY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - Straight line over the life of the lease
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2021: 7 ).
5. Tangible assets
Short leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 January 2022 and 31 December 2022 38,906 35,268 74,174
_______ _______ _______
Depreciation
At 1 January 2022 21,344 30,878 52,222
Charge for the year 3,242 1,293 4,535
_______ _______ _______
At 31 December 2022 24,586 32,171 56,757
_______ _______ _______
Carrying amount
At 31 December 2022 14,320 3,097 17,417
_______ _______ _______
At 31 December 2021 17,562 4,390 21,952
_______ _______ _______
6. Debtors
2022 2021
£ £
Trade debtors 1,411 8,440
Other debtors 18,408 18,408
_______ _______
19,819 26,848
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 38,097 34,865
Trade creditors 15,149 12,414
Corporation tax 24,600 26,522
Social security and other taxes 43,112 33,420
Other creditors 3,031 2,455
_______ _______
123,989 109,676
_______ _______
8. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans and overdrafts 71,506 109,602
_______ _______
9. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 70,000 70,000
Later than 1 year and not later than 5 years 227,500 297,500
_______ _______
297,500 367,500
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr I Fraser - - -
_______ _______ _______
2021
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr I Fraser 40,850 ( 40,850) -
_______ _______ _______