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Registration number: 13539451

GRN Property Management Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 30 July 2021 to 31 July 2022

 

GRN Property Management Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

GRN Property Management Ltd

Company Information

Director

Dr John Edward Green

Registered office

15 Riverside Studios
Amethyst Road
Newcastle upon Tyne
NE4 7YL

Accountants

OU Books Ltd
15 Riverside Studios
Amethyst Road
Newcastle upon Tyne
Tyne & Wear
NE4 7YL

 

GRN Property Management Ltd

(Registration number: 13539451)
Abridged Balance Sheet as at 31 July 2022

Note

2022
£

Fixed assets

 

Tangible assets

4

47,769

Current assets

 

Cash at bank and in hand

 

3,877

Total assets less current liabilities

 

51,646

Creditors: Amounts falling due after more than one year

(64,996)

Net liabilities

 

(13,350)

Capital and reserves

 

Called up share capital

5

4

Retained earnings

(13,354)

Shareholders' deficit

 

(13,350)

For the financial period ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 August 2022
 

.........................................
Dr John Edward Green
Director

 

GRN Property Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 30 July 2021 to 31 July 2022

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
15 Riverside Studios
Amethyst Road
Newcastle upon Tyne
NE4 7YL
United Kingdom

These financial statements were authorised for issue by the director on 16 August 2022.

2

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 abridged 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 abridged 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.

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.

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

Land and buildings

NIL Rate

 

GRN Property Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 30 July 2021 to 31 July 2022

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

47,769

47,769

At 31 July 2022

47,769

47,769

Depreciation

Carrying amount

At 31 July 2022

47,769

47,769

Included within the net book value of land and buildings above is £47,769 in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

 

GRN Property Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 30 July 2021 to 31 July 2022

 

2022

 

No.

£

Ordinary A of £1 each

1

1

Ordinary B of £1 each

1

1

Ordinary C of £1 each

1

1

Ordinary D of £1 each

1

1

 

4

4