Greenacre Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11042349 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST NOVEMBER 2017 TO 30TH SEPTEMBER 2018

FOR

GREENACRE DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P Mulroney

REGISTERED OFFICE:

Westgate House

44 Hale Road

Altrincham

Cheshire

WA14 2EX

REGISTERED NUMBER:

11042349 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LIMITED

1 City Road East

Manchester

M15 4PN

CURRENT ASSETS

Stocks

195,000

Debtors

3

10

195,010

CREDITORS

Amounts falling due within one year

4

(209,843

)

NET CURRENT LIABILITIES

(14,833

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,833

)

CAPITAL AND RESERVES

Called up share capital

6

10

Retained earnings

(14,843

)

SHAREHOLDERS' FUNDS

(14,833

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 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 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 and authorised for issue by the director on 12th September 2019 and were signed by:

Mr P Mulroney - Director

1.	STATUTORY INFORMATION

Greenacre Developments Limited is a private company limited by share capital, incorporated in England and

Wales, registration number 11042349. The address of the registered office and principal place of business is

Westgate House, 44 Hale Road, Hale, WA14 2EX.

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.

The company shortened its' year end from 30th November 2018 to a preferable date of 30th September 2018.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for

estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when all the following conditions are satisfied:

-

the company has transferred to the buyer the significant risks and rewards of ownership of the goods;

-

the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-

the amount of turnover can be measured reliably;

-

it is probable that the economic benefits associated with the transaction will flow to the company; and

-

the costs incurred or too be incurred in respect of the transaction can be measured reliably.

Specifically, turnover from the sale of goods is recognised when goods are delivered and legal title is passed.

Other income relates to rental income from operating leases (net of any incentives given to the lessee), is

recognised on a straight line basis over the term of the lease.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

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

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 period 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.

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade

and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent

to initial recognition they are measured at amortised cost using the effective interest method, less any

impairment losses in the case of trade debtors.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

10

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

209,843

5.	SECURED DEBTS

The following secured debts are included within creditors:

£

Other loans

195,000

Bridging loans falling due within and after more than one year are secured in favour of Thomas Friel by a fixed

charge over the investment properties of the Company.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1.00

10