| 69 The Green Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of 69 The Green Limited for the year ended 30 June 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of 69 The Green Limited for the year ended 30 June 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie. |
| This report is made solely to the Board of Directors of 69 The Green Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 69 The Green Limited and state those matters that we have agreed to state to the Board of Directors of 69 The Green Limited, as a body, in this report in accordance with the requirements for the compilation of financial statements. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 69 The Green Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that 69 The Green Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 69 The Green Limited. You consider that 69 The Green Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of 69 The Green Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Carbon Accountancy Limited |
| T/a Roland Klepzig Carbon Accountancy |
| Chartered Accountants |
| 80-83 Long Lane |
| London |
| EC1A 9ET |
|
| 29 March 2017 |
|
| 69 The Green Limited |
| Registered number: |
04473859 |
| Abbreviated Balance Sheet |
| as at 30 June 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
3,064,810 |
|
|
1,807,867 |
|
| Current assets |
| Debtors |
3 |
|
911,367 |
|
|
908,618 |
| Cash at bank and in hand |
|
|
2,257 |
|
|
27,614 |
|
|
|
913,624 |
|
|
936,232 |
|
| Creditors: amounts falling due within one year |
|
|
(3,087,123) |
|
|
(1,664,749) |
|
| Net current liabilities |
|
|
|
(2,173,499) |
|
|
(728,517) |
|
| Total assets less current liabilities |
|
|
|
891,311 |
|
|
1,079,350 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(616,918) |
|
|
(387,750) |
|
|
| Net assets |
|
|
|
274,393 |
|
|
691,600 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
1,000 |
|
|
1,000 |
| Revaluation reserve |
|
|
|
595,087 |
|
|
595,087 |
| Profit and loss account |
|
|
|
(321,694) |
|
|
95,513 |
|
| Shareholders' funds |
|
|
|
274,393 |
|
|
691,600 |
|
|
|
|
|
|
|
|
| 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. |
| 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| S Foster |
| Director |
| Approved by the board on 29 March 2017 |
|
| 69 The Green Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents rents receivable in the period. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Land and buildings |
Not depreciated (see below) |
|
Plant and machinery |
20% straight line |
|
|
Freehold land and buildings are not depreciated as these are held for their investment potential. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
1,842,692 |
|
Additions |
1,256,943 |
|
At 30 June 2016 |
3,099,635 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2015 |
34,825 |
|
At 30 June 2016 |
34,825 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
3,064,810 |
|
At 30 June 2015 |
1,807,867 |
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
Debtors include: |
|
|
Amounts due after more than one year |
887,437 |
|
887,437 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Secured loans |
3,019,004 |
|
1,657,525 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Parent undertaking |
|
|
At the balance sheet date, the company was a wholy owned subsidiary of Urban Matrix Project One Limited, a company incorporated in the UK. |
