Accounts Submission

GREEN MARINE TECHNOLOGIES LIMITED - Company Information

Company Accounts and Tax Online 04090301 Board of Directors 1.11.20 31.10.21 31.10.21 false iso4217:GBP xbrli:pure 04090301 2019-11-01 2020-10-31 04090301 2021-10-31 04090301 2020-11-01 2021-10-31 04090301 2020-10-31 04090301 countries:EnglandWales 2020-11-01 2021-10-31 04090301 curr:PoundSterling 2020-11-01 2021-10-31 04090301 uk-bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 04090301 uk-bus:FRS102 2020-11-01 2021-10-31 04090301 uk-bus:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 04090301 uk-bus:FullAccounts 2020-11-01 2021-10-31 04090301 uk-bus:RegisteredOffice 2020-11-01 2021-10-31 04090301 uk-bus:Director1 2020-11-01 2021-10-31 04090301 uk-bus:Director1 2020-11-01 04090301 uk-bus:Director1 2021-10-31 04090301 uk-bus:CompanySecretary1 2020-11-01 2021-10-31 04090301 core:AfterOneYear 2021-10-31 04090301 core:AfterOneYear 2020-10-31 04090301 core:WithinOneYear 2021-10-31 04090301 core:WithinOneYear 2020-10-31 04090301 core:WithinOneYear 2020-11-01 2021-10-31 04090301 core:AfterOneYear 2021-10-31 04090301 core:AfterOneYear 2020-10-31 04090301 core:AfterOneYear 2020-11-01 2021-10-31 04090301 core:ShareCapital 2021-10-31 04090301 core:ShareCapital 2020-10-31 04090301 core:RevaluationReserve 2021-10-31 04090301 core:RevaluationReserve 2020-10-31 04090301 core:RetainedEarningsAccumulatedLosses 2021-10-31 04090301 core:RetainedEarningsAccumulatedLosses 2020-10-31 04090301 1 2020-11-01 2021-10-31 04090301 core:LandBuildings 2020-11-01 2021-10-31 04090301 core:LandBuildings 2021-10-31 04090301 core:LandBuildings 2019-11-01 2020-10-31 04090301 core:LandBuildings 2020-10-31 04090301 core:PlantMachinery 2020-11-01 2021-10-31 04090301 core:PlantMachinery 2021-10-31 04090301 core:PlantMachinery 2019-11-01 2020-10-31 04090301 core:PlantMachinery 2020-10-31 04090301 core:FurnitureFittingsToolsEquipment 2020-11-01 2021-10-31 04090301 core:FurnitureFittingsToolsEquipment 2021-10-31 04090301 core:FurnitureFittingsToolsEquipment 2019-11-01 2020-10-31 04090301 core:FurnitureFittingsToolsEquipment 2020-10-31 04090301 core:OfficeEquipment 2020-11-01 2021-10-31 04090301 core:OfficeEquipment 2021-10-31 04090301 core:OfficeEquipment 2019-11-01 2020-10-31 04090301 core:OfficeEquipment 2020-10-31 04090301 core:Vehicles 2020-11-01 2021-10-31 04090301 core:Vehicles 2021-10-31 04090301 core:Vehicles 2019-11-01 2020-10-31 04090301 core:Vehicles 2020-10-31 04090301 core:NetGoodwill 2020-11-01 2021-10-31 04090301 core:NetGoodwill 2021-10-31 04090301 core:NetGoodwill 2019-11-01 2020-10-31 04090301 core:NetGoodwill 2020-10-31 04090301 core:IntangibleAssetsOtherThanGoodwill 2020-11-01 2021-10-31 04090301 core:IntangibleAssetsOtherThanGoodwill 2021-10-31 04090301 core:IntangibleAssetsOtherThanGoodwill 2019-11-01 2020-10-31 04090301 core:IntangibleAssetsOtherThanGoodwill 2020-10-31

Company Registration Number:
04090301 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2021

Period of accounts

Start date: 01 November 2020

End date: 31 October 2021

Contents of the Financial Statements

for the Period Ended 31 October 2021


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Directors' Report Period Ended 31 October 2021

The directors present their report with the financial statements of the company for the period ended 31 October 2021

Principal Activities

The company owns and operates a Motor Vessel - MV Loyal Chancellor

Political and charitable donations

None

Company policy on the employment of disabled persons

None

Additional information

None

Directors

The directors shown below have held office during the whole of the period from 01 November 2020 to 31 October 2021
Christopher Meredith

Secretary
Christopher Meredith

This report was approved by the board of directors on 4 April 2022
And Signed On Behalf Of The Board By:

Name: Christopher Meredith
Status: Director

Profit and Loss Account

for the Period Ended 31 October 2021

	2021 £	2020 £
Turnover	18,000	24,000
Cost of sales	( 0 )	( 0 )
Gross Profit or (Loss)	18,000	24,000
Income from coronavirus (COVID-19) business support grants	0	0
Distribution Costs	( 0 )	( 0 )
Administrative Expenses	( 27,578 )	( 31,031 )
Other operating income	0	0
Operating Profit or (Loss)	( 9,578 )	( 7,031 )
Interest Receivable and Similar Income	0	0
Interest Payable and Similar Charges	( 0 )	( 0 )
Profit or (Loss) Before Tax	( 9,578 )	( 7,031 )
Tax on Profit	( 0 )	( 360 )
Profit or (Loss) for Period	( 9,578 )	( 7,391 )

The notes form part of these financial statements

Balance sheet

As at 31 October 2021

	Notes	2021 £	2020 £
Fixed assets
Tangible assets:	4	87,501	96,446
Total fixed assets:		87,501	96,446
Current assets
Stocks:		0	0
Debtors:	5	0	0
Cash at bank and in hand:		0	0
Total current assets:		0	0
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	6	( 0 )	( 360 )
Net current assets (liabilities):		0	( 360 )
Total assets less current liabilities:		87,501	96,086
Creditors: amounts falling due after more than one year:	7	( 113,828 )	( 112,835 )
Provision for liabilities:		( 0 )	( 0 )
Accruals and deferred income:		( 0 )	( 0 )
Total net assets (liabilities):		( 26,327 )	( 16,749 )

The notes form part of these financial statements

Balance sheet continued

As at 31 October 2021

	Notes	2021 £	2020 £
Capital and reserves
Called up share capital:		80,000	80,000
Revaluation reserve:	8	0	0
Profit and loss account:		( 106,327 )	( 96,749 )
Shareholders funds:		( 26,327 )	( 16,749 )

For the year ending 31 October 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 4 April 2022
And Signed On Behalf Of The Board By:

Name: Christopher Meredith
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 October 2021

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue Turnover comprises rental income and is exclusive of VAT

Tangible fixed assets depreciation policy

Depreciation of Tangible Assets is charged at 5% straight line

Intangible fixed assets amortisation policy

None

Valuation information and policy

None

Other accounting policies

None

Notes to the Financial Statements

for the Period Ended 31 October 2021

2. Employees

	2021	2020
Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 31 October 2021

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 October 2021

4. Tangible assets

	Plant & machinery	Total
Cost	£	£
At 01 November 2020	178,897	178,897
Additions	-	-
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 October 2021	178,897	178,897
Depreciation
At 01 November 2020	82,451	82,451
Charge for year	8,945	8,945
On disposals	-	-
Other adjustments	-	-
At 31 October 2021	91,396	91,396
Net book value
At 31 October 2021	87,501	87,501
At 31 October 2020	96,446	96,446

Depreciation of tangible fixed assets is charged at 5% straight line

Notes to the Financial Statements

for the Period Ended 31 October 2021

5. Debtors

	2021 £	2020 £
Trade debtors	0	0
Prepayments and accrued income	0	0
Other debtors	0	0
Total	0	0
Debtors due after more than one year:	0	0

There is currently nothing owed to the company

Notes to the Financial Statements

for the Period Ended 31 October 2021

6.Creditors: amounts falling due within one year note

	2021 £	2020 £
Bank loans and overdrafts	0	0
Amounts due under finance leases and hire purchase contracts	0	0
Trade creditors	0	0
Taxation and social security	0	360
Accruals and deferred income	0	0
Other creditors	0	0
Total	0	360

Notes to the Financial Statements

for the Period Ended 31 October 2021

7.Creditors: amounts falling due after more than one year

	2021 £	2020 £
Bank loans and overdrafts	0	0
Amounts due under finance leases and hire purchase contracts	0	0
Other creditors	113,828	112,835
Total	113,828	112,835

Notes to the Financial Statements

for the Period Ended 31 October 2021

8. Revaluation reserve

	2021 £
Balance at 01 November 2020	0
Surplus or deficit after revaluation	0
Balance at 31 October 2021	0

Director:		Christopher Meredith


Secretary:		Christopher Meredith


Registered office:		30 - 32 Furnival Street Furnival Street London England EC4A 1JQ


Company Registration Number:		04090301 (England and Wales)

Accounts Submission