Green Meadow Limited - Accounts to registrar (filleted) - small 18.2
Green Meadow Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2019 |
| for |
| Green Meadow Limited |
| Green Meadow Limited (Registered number: 03628414) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Green Meadow Limited |
| Company Information |
| for the Year Ended 28 February 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4 HRFC Business Centre |
| Leicester Road |
| Hinckley |
| Leicestershire |
| LE10 3DR |
| Green Meadow Limited (Registered number: 03628414) |
| Balance Sheet |
| 28 February 2019 |
| 28.2.19 | 28.2.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| Green Meadow Limited (Registered number: 03628414) |
| Balance Sheet - continued |
| 28 February 2019 |
| 28.2.19 | 28.2.18 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| 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. |
| 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 |
| Green Meadow Limited (Registered number: 03628414) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2019 |
| 1. | STATUTORY INFORMATION |
| Green Meadow Limited is a |
| 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 |
| 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 |
| Land and buildings | - |
| Plant and machinery etc | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit |
| arising from changes in fair value is recognised in profit or loss. |
| 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 year comprises current and deferred tax. Tax is recognised in the Income |
| Statement, 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. |
| Green Meadow Limited (Registered number: 03628414) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 year 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. |
| Cash and cash equivalents |
| Cash and cash equivalents are represented by cash in hand, deposits held at call with |
| financial institutions, and other short-term highly liquid investments that mature in no more |
| than three months from the date of acquisition and that are readily convertible to known |
| amounts of cash with insignificant risk of change in value. |
| Creditors |
| Basic financial liabilities, including trade and other creditors, loans from third parties and |
| loans from related parties, are initially recognised at transaction price, unless the |
| arrangement constitutes a financing transaction, where the debt instrument is measured at |
| the present value of the future payments discounted at a market rate of interest. Such |
| instruments are subsequently carried at amortised cost using the effective interest method, |
| less any impairment. |
| Employee benefit trusts (ebts) |
| The company has purchased a trust for the benefit of employees and certain of their |
| dependents. Monies held in this trust are held by independent trustees and managed at |
| their discretion. |
| In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate |
| payment arrangements" the Company does not include the assets and liabilities of the Trust |
| on its balance sheet to the extent that it considers that it will not retain any economic benefit |
| from the assets of the Trust and will not have control of the rights or other access to those |
| present economic benefits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Green Meadow Limited (Registered number: 03628414) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 28 February 2019 |
| DEPRECIATION |
| At 1 March 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 28 February 2019 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 March 2018 |
| and 28 February 2019 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| The investment properties have not been revalued in the year ended 28 February 209. In |
| the opinion of the director, the current value of the investment properties reflects their open |
| market value. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Green Meadow Limited (Registered number: 03628414) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 March 2018 |
| and 28 February 2019 |
| 10. | CONTINGENT LIABILITIES |
| The company is currently in negotiation with HMRC over settlement in relation to tax |
| planning undertaken in prior years. This may result in a future liability to the company, |
| however at this point there is no reliable estimate available or certainty over the outcome. |