The Green Door Property Company Limited
The Green Door Property Company Limited
Registered number: 08978929
Unaudited Financial Statements
For The Year Ended 30 April 2019
Optimise Accountants Ltd
C/O Optimise Accountants Limited Unit 3
Jubilee House, 31-33 Meadow Lane
Long Eaton
Nottinghamshire
NG10 2FE
The Green Door Property Company Limited
Unaudited Financial Statements
For The Year Ended 30 April 2019
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
The Green Door Property Company Limited
Balance Sheet
As at
30 April 2019
Balance Sheet
Registered number:
08978929
For the year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (13,691) | (18,588) | |||
Page 1
The Green Door Property Company Limited
Balance Sheet (continued)
As at
30 April 2019
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
The Green Door Property Company Limited
Notes to the Financial Statements
For The Year Ended 30 April 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold |
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1.5.
Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
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Office and administration |
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Page 3
The Green Door Property Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2019
3.
Tangible Assets
Land & Property | |||
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Freehold | Investment Properties | Total | |
£ | £ | £ | |
Cost | |||
As at |
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Additions |
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83,822 |
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Disposals |
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As at |
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Net Book Value | |||
As at |
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As at |
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Land and Property have been reclassified as Investment Properties in line with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
4.
Debtors
2019 | 2018 | ||
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£ | £ | ||
Due within one year | |||
Due after more than one year | |||
Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
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£ | £ | ||
Other creditors |
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Director's loan account |
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6.
Creditors: Amounts Falling Due After More Than One Year
2019 | 2018 | ||
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£ | £ | ||
Other creditors |
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Page 4
The Green Door Property Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2019
8.
Related Party Transactions
At the year end, the company owed £85,735 (2018: £34,619) to The Green Door Consultancy Company Limited, a company in which the director, Miss Winstina Riby-Williams, is also a director. The amount is loaned interest free and is repayable on demand. The amount in included within Other Creditors due within one year.
9.
Ultimate Controlling Party
The company's ultimate controlling party is the director, Miss Winstina Riby-Williams , by virtue of her ownership of 100% of the issued share capital in the company.
10.
General Information
The Green Door Property Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08978929 . The registered office is C/O Optimise Accountants Limited, Unit 3 Jubilee House, 31-33 Meadow Lane, Long Eaton, Nottinghamshire, NG10 2FE.
Page 5