Greentrade Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04955270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

GREENTRADE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Grunzweig

SECRETARY:

Mrs K Grunzweig

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

04955270 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

3

678

798

Investment property

4

615,579

615,579

616,257

616,377

CURRENT ASSETS

Debtors

5

69,937

-

Cash at bank and in hand

28,779

100,801

98,716

100,801

CREDITORS

Amounts falling due within one year

6

984

1,620

NET CURRENT ASSETS

97,732

99,181

TOTAL ASSETS LESS CURRENT LIABILITIES

713,989

715,558

CREDITORS

Amounts falling due after more than one year

7

717,320

717,320

NET LIABILITIES

(3,331

)

(1,762

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(3,333

)

(1,764

)

SHAREHOLDERS' FUNDS

(3,331

)

(1,762

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 14 August 2019 and were signed by:

J Grunzweig - Director

1.	STATUTORY INFORMATION

Greentrade 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 represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Depreciation

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy

results in the financial statements giving true and fair view.

Investment properties

Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with

Financial Reporting Standard for Smaller Entities(effective April 2008), which requires such properties to be

stated at current market value.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2017

and 30 November 2018

2,686

DEPRECIATION

At 1 December 2017

1,888

Charge for year

120

At 30 November 2018

2,008

NET BOOK VALUE

At 30 November 2018

678

At 30 November 2017

798

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2017

and 30 November 2018

615,579

NET BOOK VALUE

At 30 November 2018

615,579

At 30 November 2017

615,579

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Other debtors

69,937

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Other creditors

984

1,620

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Bank loans

717,320

717,320

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

700,472

700,472