Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-30falseproperty investment2020-12-01false33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03471973 2020-12-01 2021-11-30 03471973 2019-12-01 2020-11-30 03471973 2021-11-30 03471973 2020-11-30 03471973 c:Director2 2020-12-01 2021-11-30 03471973 d:FurnitureFittings 2020-12-01 2021-11-30 03471973 d:FurnitureFittings 2021-11-30 03471973 d:FurnitureFittings 2020-11-30 03471973 d:CurrentFinancialInstruments 2021-11-30 03471973 d:CurrentFinancialInstruments 2020-11-30 03471973 d:Non-currentFinancialInstruments 2021-11-30 03471973 d:Non-currentFinancialInstruments 2020-11-30 03471973 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 03471973 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 03471973 d:ShareCapital 2021-11-30 03471973 d:ShareCapital 2020-11-30 03471973 d:RetainedEarningsAccumulatedLosses 2021-11-30 03471973 d:RetainedEarningsAccumulatedLosses 2020-11-30 03471973 c:FRS102 2020-12-01 2021-11-30 03471973 c:Audited 2020-12-01 2021-11-30 03471973 c:FullAccounts 2020-12-01 2021-11-30 03471973 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 03471973 d:EntityControlledByKeyManagementPersonnel1 2020-12-01 2021-11-30 03471973 d:EntityControlledByKeyManagementPersonnel1 2021-11-30 03471973 d:EntityControlledByKeyManagementPersonnel1 2020-11-30 03471973 c:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 03471973 2 2020-12-01 2021-11-30 03471973 6 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 03471973









GREENTREE ESTATES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
GREENTREE ESTATES LIMITED
REGISTERED NUMBER: 03471973

BALANCE SHEET
AS AT 30 NOVEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1
1

Investments
 5 
222,978
222,978

  
222,979
222,979

Current assets
  

Stocks
 6 
11,106,262
11,113,626

Debtors
 7 
9,843,170
9,724,602

Cash at bank and in hand
 8 
214,968
1,142,691

  
21,164,400
21,980,919

Creditors: amounts falling due within one year
 9 
(648,471)
(2,869,035)

Net current assets
  
 
 
20,515,929
 
 
19,111,884

Total assets less current liabilities
  
20,738,908
19,334,863

  

Net assets
  
20,738,908
19,334,863


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
20,738,808
19,334,763

  
20,738,908
19,334,863


Page 1

 
GREENTREE ESTATES LIMITED
REGISTERED NUMBER: 03471973
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2022.




S Mattey
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GREENTREE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

Greentree Estates Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 03471973. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity of the company is that of buying and selling real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in pounds sterling which is the functional currency of the
company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents the amounts received in respect of lease extensions and freehold sales.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
GREENTREE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Statement of Comprehensive Income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Stocks

Unsold properties held for resale are stated at the lower of cost and net realisable value. Cost includes all ancillary expenses of purchase. Sums received for lease period extensions are deducted from the original cost where the company owns the relevant freehold reversions.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
GREENTREE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3. (2020: 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 December 2020
12,001



At 30 November 2021

12,001



Depreciation


At 1 December 2020
12,000



At 30 November 2021

12,000



Net book value



At 30 November 2021
1



At 30 November 2020
1

Page 5

 
GREENTREE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

5.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 December 2020
2
222,976
222,978



At 30 November 2021
2
222,976
222,978





6.


Stocks

2021
2020
£
£

Stock of properties for resale
11,106,262
11,113,626

11,106,262
11,113,626



7.


Debtors

2021
2020
£
£

Due after more than one year

Other debtors
750,000
750,000

750,000
750,000

Due within one year

Trade debtors
-
22,130

Amounts owed by group undertakings
627,936
627,936

Other debtors
8,465,234
8,324,536

9,843,170
9,724,602


Page 6

 
GREENTREE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

8.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
214,968
1,142,691

214,968
1,142,691



9.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other loans
-
2,500,000

Trade creditors
28,034
767

Amounts owed to group undertakings
152,250
672

Corporation tax
127,970
56

Other taxation and social security
30,413
29,214

Other creditors
309,804
338,326

648,471
2,869,035



10.


Related party transactions

At the year-end the following amounts were due from/(to) the following:


2021
2020
£
£

Entities over which the entity has common control, joint control or significant 
influence
475,686
627,936


11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2021 was unqualified.

The audit report was signed on 24 August 2022 by Christina Georgiou (Senior Statutory Auditor) on behalf of Haslers.

 
Page 7