Greentree Enterprises Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03176214 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GREENTREE ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H J McManus

Mrs Z S Moore

Mrs S H Tredell

L A Tredell

H J Tredell

A Tredell

SECRETARY:

Mrs H J McManus

REGISTERED OFFICE:

Bablake House

Old Birmingham Road

Millisons Wood

Coventry

West Midlands

CV5 9AZ

REGISTERED NUMBER:

03176214 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

4,052

4,779

Investments

5

33,526

33,526

Investment property

6

450,000

450,000

487,578

488,305

CURRENT ASSETS

Debtors

7

78,962

59,520

Cash at bank and in hand

279,285

257,791

358,247

317,311

CREDITORS

Amounts falling due within one year

8

64,475

109,249

NET CURRENT ASSETS

293,772

208,062

TOTAL ASSETS LESS CURRENT LIABILITIES

781,350

696,367

CREDITORS

Amounts falling due after more than one year

9

(33,526

)

(33,526

)

PROVISIONS FOR LIABILITIES

(22,671

)

(22,671

)

NET ASSETS

725,153

640,170

CAPITAL AND RESERVES

Called up share capital

101

101

Undistributable reserve

11

131,109

131,109

Retained earnings

11

593,943

508,960

725,153

640,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:

L A Tredell - Director

1.	STATUTORY INFORMATION

Greentree Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

5,900

28,845

34,745

DEPRECIATION

At 1 April 2022

5,796

24,170

29,966

Charge for year

26

701

727

At 31 March 2023

5,822

24,871

30,693

NET BOOK VALUE

At 31 March 2023

78

3,974

4,052

At 31 March 2022

104

4,675

4,779

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

146,667

PROVISIONS

At 1 April 2022

and 31 March 2023

113,141

NET BOOK VALUE

At 31 March 2023

33,526

At 31 March 2022

33,526

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

and 31 March 2023

450,000

NET BOOK VALUE

At 31 March 2023

450,000

At 31 March 2022

450,000

The investment property was valued at an open market value by the directors at 31 March 2022.

Fair value at 31 March 2023 is represented by:

£

Cost

450,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

1,650

Other debtors

78,962

57,870

78,962

59,520

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

2,731

2,640

Tax

16,026

18,022

Other creditors

3,199

3,199

Directors' current accounts

39,788

81,788

Accruals and deferred income

2,731

3,600

64,475

109,249

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other loans more 5yrs non-inst

33,526

33,526

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

33,526

33,526

10.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Other loans

33,526

33,526

The other loan is secured against the company's investments in Big Screen Productions 17 LLP and Big Screen Productions 21 LLP.

11.

RESERVES

Retained

Undistributable

earnings

reserve

Totals

£

£

£

At 1 April 2022

508,960

131,109

640,069

Profit for the year

84,983

84,983

At 31 March 2023

593,943

131,109

725,052

12.	RELATED PARTY DISCLOSURES

During the year the company received management fees of £84,000 (2022: £84,000) from companies with common directorship. At the year end the company was owed £78,962 (2022: £57,870).