Green Developments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02180951 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

GREEN DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J George

R J George

SECRETARY:

A J George

REGISTERED OFFICE:

Mulberry House

Chelmsford Road

High Ongar

Essex

CM5 9NL

REGISTERED NUMBER:

02180951 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings LLP

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Tangible assets

3

1,344,747

1,380,236

Investments

4

-

-

1,344,747

1,380,236

CURRENT ASSETS

Debtors

5

73,745

59,389

Cash at bank

2,277

274

76,022

59,663

CREDITORS

Amounts falling due within one year

6

1,126,724

1,116,014

NET CURRENT LIABILITIES

(1,050,702

)

(1,056,351

)

TOTAL ASSETS LESS CURRENT LIABILITIES

294,045

323,885

CREDITORS

Amounts falling due after more than one year

7

8,443

12,244

NET ASSETS

285,602

311,641

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

377,756

377,756

Revaluation reserve

8

83,993

83,993

Retained earnings

(177,147

)

(151,108

)

SHAREHOLDERS' FUNDS

285,602

311,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 July 2017 and were signed on its behalf by:

R George - Director

1.	STATUTORY INFORMATION

Green Developments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

1,676,113

86,053

6,922

2,500

1,771,588

DEPRECIATION

At 1 April 2016

306,632

75,985

6,630

2,105

391,352

Charge for year

32,800

2,517

73

99

35,489

At 31 March 2017

339,432

78,502

6,703

2,204

426,841

NET BOOK VALUE

At 31 March 2017

1,336,681

7,551

219

296

1,344,747

At 31 March 2016

1,369,481

10,068

292

395

1,380,236

Included within land and buildings is land valued at £36,100 (2016 £36,100) which is not

depreciated.

4.	FIXED ASSET INVESTMENTS

The company holds shares in Genus plc, which were acquired at nil cost. The market value of

these shares as at the balance sheet date was £17,250 (2016 £15,290).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by participating interests

73,745

57,194

Prepayments

-

2,195

73,745

59,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

3,753

3,195

Trade creditors

572

1,829

Amounts owed to participating interests

138,678

141,636

VAT

913

16

Other creditors

11,955

-

Directors' current accounts

969,203

967,688

Accrued expenses

1,650

1,650

1,126,724

1,116,014

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 1-2 years

8,443

12,244

8.

RESERVES

Revaluation

reserve

£

At 1 April 2016

and 31 March 2017

83,993

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed R George £969,203 (2016 £967,688).

10.	RELATED PARTY DISCLOSURES

Mr R George, a director, has a controlling interest within the parent company PFE Document

Solutions Limited. He is also a director of Mulberry Retreat and Leisure Limited and is a trustee of

the Mulberry House Ministry Trust.

At the balance sheet date a non interest bearing loan of £135,087 (2016 £135,087) was owed to

PFE Document Solutions Limited. There are no fixed repayment terms attached to this loan.

A balance of £47,050 (2016 £56,652) was due from Mulberry Retreat and Leisure Limited and a

balance of £24,653 (2016 £542) was due from Woodhatch Farming Partnership. A balance of

£2,042 was owed from Mulberry House Ministry Trust (2016 £2,958 was owed to the Mulberry

House Ministry Trust)

A balance of £3,591 (2016 £3,591) was owed to Document Management Solutions Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R George through his controlling shareholding in the ultimate

parent company.