Greenhatch (Design & Development - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02211576 (England and Wales)

Financial Statements

for the Year Ended 31 March 2018

for

Greenhatch (Design & Development

Mapping) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Sharrocks

REGISTERED OFFICE:

Rowan House

Duffield Road

Little Eaton

Derbyshire

DE21 5DR

REGISTERED NUMBER:

02211576 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

3

1,000,000

827,500

CURRENT ASSETS

Debtors

4

70,805

79,129

Cash at bank

1,930

17,939

72,735

97,068

CREDITORS

Amounts falling due within one year

5

41,115

6,713

NET CURRENT ASSETS

31,620

90,355

TOTAL ASSETS LESS CURRENT LIABILITIES

1,031,620

917,855

PROVISIONS FOR LIABILITIES

6

83,118

66,597

NET ASSETS

948,502

851,258

CAPITAL AND RESERVES

Called up share capital

9,500

9,500

Capital redemption reserve

7

500

500

Fair value reserve

7

551,146

446,941

Retained earnings

7

387,356

394,317

SHAREHOLDERS' FUNDS

948,502

851,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 30 August 2018 and were signed by:

C J Sharrocks - Director

1.	STATUTORY INFORMATION

Greenhatch (Design & Development Mapping) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is the value of rents receivable. Turnover is recognised when rentals are due in accordance

with the lease terms.

Investment property

Investment property is not depreciated but revalued annually at its fair value. Any aggregate surplus or

deficit arising from changes in fair value is recognised in profit and loss.

Deferred tax is provided on gains at the rate expected to apply when the properties are sold.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences,

including provisions made for potential tax arising on assets which have been revalued.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

827,500

Additions

51,774

Revaluation adjustment

120,726

At 31 March 2018

1,000,000

NET BOOK VALUE

At 31 March 2018

1,000,000

At 31 March 2017

827,500

Fair value at 31 March 2018 is represented by:

£

Valuation in 2018

1,000,000

If investment property had not been revalued it would have been included at the following historical

cost:

2018

2017

£

£

Cost

365,736

313,962

Aggregate depreciation

(114,062

)

(106,748

)

Investment property was valued on a fair value basis on 31 March 2018 by the director .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,000

-

Due from Greenhatch Group

Limited

-

79,129

Due from Rowan House Estates Ltd

68,805

-

70,805

79,129

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Due to Greenhatch Group

Limited

6,871

-

Due to Verdesco Properties

Limited

-

6,713

Due to Rowan House Holdings Ltd

18,270

-

Directors' current accounts

15,974

-

41,115

6,713

6.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

83,118

66,597

Deferred

tax

£

Balance at 1 April 2017

66,597

Charge to profit and loss

account

16,521

Balance at 31 March 2018

83,118

7.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2017

394,317

500

446,941

841,758

Profit for the year

97,244

97,244

Revaluation adjustment

(120,726

)

-

120,726

-

Revaluation adjustment - tax

16,521

-

(16,521

)

-

At 31 March 2018

387,356

500

551,146

939,002