| Green Mount Property Limited |
| Registered number: |
12653674 |
| Balance Sheet as at 28 February 2022 |
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
59,969 |
|
|
- |
| Current assets |
| Stocks |
|
|
984 |
|
|
- |
| Cash at bank and in hand |
|
|
11,055 |
|
|
1 |
|
|
|
12,039 |
|
|
1 |
| Creditors: amounts falling due within one year |
4 |
|
(10,897) |
|
|
- |
| Net current assets |
|
|
|
1,142 |
|
|
1 |
| Total assets less current liabilities |
|
|
|
61,111 |
|
|
1 |
| Creditors: amounts falling due after one year |
5 |
|
|
(61,700) |
|
|
- |
|
| Net (liabilities)/assets |
|
|
|
(589) |
|
|
1 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(590) |
|
|
- |
| Shareholders' funds |
|
|
|
(589) |
|
|
1 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Mr A.P. Robinson |
| Director |
| Approved by the board on 12 December 2022 |
|
| Green Mount Property Limited |
| Notes to the Accounts |
| for the year ended 28 February 2022 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard). |
|
|
Going concern |
|
The directors believe the company is experiencing healthy levels of income and profitability, has ongoing support from it's other creditor (see note 5) and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. |
|
|
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 goods are delivered and legal title has passed. |
|
|
Investment Properties |
|
Investment properties are measured at fair value at each reporting date with changes in fair value to be recognised in profit or loss. |
|
|
Stocks |
|
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
Average number of persons employed by the |
|
company (including directors) during the year |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment Properties |
| £ |
|
Cost or valuation |
|
Additions |
59,969 |
|
At 28 February 2022 |
59,969 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 28 February 2022 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2022 |
59,969 |
|
|
|
|
|
|
|
|
|
|
|
All investment property was acquired during the year and the cost is deemed by the directors to be the same as the market value at the year end. |
|
| 4 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
Other creditors |
10,397 |
|
- |
|
Accruals |
500 |
|
- |
|
|
|
|
|
|
10,897 |
|
- |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Other creditor |
61,700 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
Green Mount Property Limited is a private company limited by shares and incorporated in England. Its registered office is : Green Mount, Cinderhills Road, Holmfirth, England, HD9 1EE. |
|
The financial statements are presented in Sterling, which is the functional currency of the company. |
