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 2020 |
| for |
| Green Meadow Limited |
| Green Meadow Limited (Registered number: 03628414) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Green Meadow Limited |
| Company Information |
| for the Year Ended 28 February 2020 |
| 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 2020 |
| 28.2.20 | 28.2.19 |
| 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 ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| 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. |
| Green Meadow Limited (Registered number: 03628414) |
| Balance Sheet - continued |
| 28 February 2020 |
| 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 and authorised for issue on |
| Green Meadow Limited (Registered number: 03628414) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2020 |
| 1. | STATUTORY INFORMATION |
| Green Meadow Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 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. |
| 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. |
| Green Meadow Limited (Registered number: 03628414) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2020 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 28 February 2020 |
| DEPRECIATION |
| At 1 March 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 28 February 2020 |
| NET BOOK VALUE |
| At 28 February 2020 |
| At 28 February 2019 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 March 2019 |
| and 28 February 2020 |
| NET BOOK VALUE |
| At 28 February 2020 |
| At 28 February 2019 |
| The investment properties have not been revalued in the year ended 28 February 2020. 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 |
| 28.2.20 | 28.2.19 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.20 | 28.2.19 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Green Meadow Limited (Registered number: 03628414) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2020 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.20 | 28.2.19 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 March 2019 |
| and 28 February 2020 |
| 10. | GOING CONCERN |
| The directors have carried out a review of the Company's financial position for a period of 12 months from the date of signing these financial statements. This review has considered the specific business risks and uncertainties brought about by the current economic environment and the potential impact on the Company's financial performance. |
| On 11 March 2020, the World Health Organisation declared the outbreak of a strain of novel coronavirus disease, COVID-19, a global pandemic. The full impact of the unprecedented situation is not yet known, but the board of directors acknowledges the risks associated with the effects of the outbreak. Having assessed the likely impact on the company's performance the board of directors are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and therefore continue to adopt the going concern basis in preparing these financial statements. |