69 The Green Limited - Period Ending 2022-06-30
69 The Green Limited - Period Ending 2022-06-30
Registration number:
69 The Green Limited
for the Year Ended 30 June 2022
69 The Green Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
69 The Green Limited
Company Information
Director |
Simon Foster |
Registered office |
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Accountants |
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69 The Green Limited
(Registration number: 04473859)
Balance Sheet as at 30 June 2022
Note |
2022 |
(As restated) |
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Fixed assets |
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Tangible assets |
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- |
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Investments |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Retained earnings |
415,138 |
336,270 |
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Shareholders' funds |
416,138 |
337,270 |
69 The Green Limited
(Registration number: 04473859)
Balance Sheet as at 30 June 2022
For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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69 The Green Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis on the assumtion that the company will continue to have the support of its financiers.
69 The Green Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
2 |
Accounting policies (continued) |
Prior period errors
Inverstment in subsidiary
2022 | 2021 | 2020 | |
Investment in subsidary | - | 99 | - |
Other creditors | - | (99) | - |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
69 The Green Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
2 |
Accounting policies (continued) |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Buildings |
over 150 years |
Furniture and fittings |
20% straight line |
Office equipment |
25% straight line |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
69 The Green Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
2 |
Accounting policies (continued) |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
69 The Green Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
Tangible assets |
Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 July 2021 |
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Additions |
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At 30 June 2022 |
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Depreciation |
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At 1 July 2021 |
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Charge for the year |
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At 30 June 2022 |
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Carrying amount |
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At 30 June 2022 |
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Investments |
2022 |
(As restated) |
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Investments in subsidiaries |
- |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 July 2021 |
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Disposals |
( |
At 30 June 2022 |
- |
Provision |
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Carrying amount |
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At 30 June 2022 |
- |
At 30 June 2021 |
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69 The Green Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
5 |
Investments (continued) |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2022 |
2021 |
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Subsidiary undertakings |
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Moore Place Lodge
England |
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Subsidiary undertakings |
Cobbetts Hill Developments Limited The principal activity of Cobbetts Hill Developments Limited is |
Debtors |
Note |
2022 |
2021 |
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Trade debtors |
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- |
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Amounts owed by parent undertaking |
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Other debtors |
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69 The Green Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
(As restated) |
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Due within one year |
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Other loan financing |
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Trade creditors |
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Taxation and social security |
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- |
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Accruals and deferred income |
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Other creditors |
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Other loan financing facilities are secured by first legal charge over the company's freehold property.
Creditors: amounts falling due after more than one year
Note |
2022 |
2021 |
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Due after one year |
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Loans and borrowings |
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Other non-current financial liabilities |
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Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £1 each |
1,000 |
1,000 |
1,000 |
1,000 |
69 The Green Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
Related party transactions |
Incuded in Other Debtors is:
(a) £1,628 due from Saltburn House Management Company Ltd a company which Simon Foster is both director and Shareholder £600 (2021).
(b) £28,000 due from KAT Investments Ltd a company which Simon Foster is both director and Shareholder (£36,000) (2021).
Included in Other Creditors is:
(a) £234,223 owing to Urban Matrix Ltd a company which Simon Foster is both director and shareholder £229,223 (2021).
(b) £2,474 owing to Urban Matrix Construction Ltd a company which Simon Foster is both director and shareholder £23,113 (2021).
(c) £2,000 owing to Urban Matrix (Esher) LLP a company which Simon Foster is a designated member £2,000 (2021).
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is