GREENBULL LIMITED

GREENBULL LIMITED

GREENBULL LIMITED - Company Information

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1 January 2018 false No description of principal activity Taxfiler 2019.7.Web 07366027business:PrivateLimitedCompanyLtd2018-01-012018-12-31 073660272017-12-31 073660272018-01-012018-12-31 07366027business:AuditExemptWithAccountantsReport2018-01-012018-12-31 07366027business:FullAccounts2018-01-012018-12-31 073660272018-12-31 07366027business:Director12018-01-012018-12-31 07366027business:CompanySecretary12018-01-012018-12-31 07366027business:RegisteredOffice2018-01-012018-12-31 073660272017-12-31 07366027core:WithinOneYear2018-12-31 07366027core:WithinOneYear2017-12-31 07366027core:AfterOneYear2018-12-31 07366027core:AfterOneYear2017-12-31 07366027core:ShareCapital2018-12-31 07366027core:ShareCapital2017-12-31 07366027core:RetainedEarningsAccumulatedLosses2018-12-31 07366027core:RetainedEarningsAccumulatedLosses2017-12-31 07366027business:SmallEntities2018-01-012018-12-31 07366027countries:EnglandWales2018-01-012018-12-31 07366027core:FurnitureFittings2018-01-012018-12-31 07366027core:ComputerEquipment2018-01-012018-12-31 07366027core:FurnitureFittings2017-12-31 07366027core:FurnitureFittings2018-12-31 073660272017-01-012017-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07366027 (England and Wales)
GREENBULL LIMITED Unaudited accounts for the year ended 31 December 2018
GREENBULL LIMITED Unaudited accounts Contents
Page
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GREENBULL LIMITED Company Information for the year ended 31 December 2018
Director
Runjit BHOPAL
Secretary
ALDBURY SECRETARIES LIMITED
Company Number
07366027 (England and Wales)
Registered Office
10 SHALLOWFORD GROVE FURZTON MILTON KEYNES MK4 1ND
Accountants
Alexander Rosse Limited 153 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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GREENBULL LIMITED Statement of financial position as at 31 December 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1 
1 
Investment property
5
7,601,000 
7,396,000 
7,601,001 
7,396,001 
Current assets
Debtors
6
835,383 
784,815 
Cash at bank and in hand
202,681 
168,712 
1,038,064 
953,527 
Creditors: amounts falling due within one year
7
(431,744)
(507,446)
Net current assets
606,320 
446,081 
Total assets less current liabilities
8,207,321 
7,842,082 
Creditors: amounts falling due after more than one year
8
(4,347,724)
(4,276,166)
Provisions for liabilities
Deferred tax
(379,331)
(370,217)
Net assets
3,480,266 
3,195,699 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,480,166 
3,195,599 
Shareholders' funds
3,480,266 
3,195,699 
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 June 2019.
Runjit BHOPAL Director Company Registration No. 07366027
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GREENBULL LIMITED Notes to the Accounts for the year ended 31 December 2018
1
Statutory information
GREENBULL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07366027. The registered office is 10 SHALLOWFORD GROVE, FURZTON, MILTON KEYNES, MK4 1ND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line
Computer equipment
20% Straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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GREENBULL LIMITED Notes to the Accounts for the year ended 31 December 2018
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2018
56,863 
At 31 December 2018
56,863 
Depreciation
At 1 January 2018
56,862 
At 31 December 2018
56,862 
Net book value
At 31 December 2018
1 
At 31 December 2017
1 
5
Investment property
2018 
£ 
Fair value at 1 January 2018
7,396,000 
Net gain from fair value adjustments
205,000 
At 31 December 2018
7,601,000 
The value of investment properties are assessed annually based on the latest available RICS valuation reports and the Director's assessment of current market conditions There has been no valuation of investment properties by an independent valuer.
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
3,633 
3,029 
Other debtors
831,750 
781,786 
835,383 
784,815 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
221,644 
208,054 
Trade creditors
2,447 
228 
Taxes and social security
22,365 
17,272 
Other creditors
55,676 
63,550 
Loans from directors
31,117 
125,324 
Accruals
98,495 
93,018 
431,744 
507,446 
8
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
4,347,724 
4,276,166 
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GREENBULL LIMITED Notes to the Accounts for the year ended 31 December 2018
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).
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