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REGISTERED NUMBER: SC207379 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 May 2021

for

Greenhollow Ltd

Greenhollow Ltd (Registered number: SC207379)






Contents of the Financial Statements
for the Year Ended 31 May 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenhollow Ltd

Company Information
for the Year Ended 31 May 2021







DIRECTOR: G Hannigan





SECRETARY:





REGISTERED OFFICE: 9 Priory Wynd
Kilwinning
Ayrshire
KA13 6AU





REGISTERED NUMBER: SC207379 (Scotland)





ACCOUNTANTS: McLay, McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Greenhollow Ltd (Registered number: SC207379)

Balance Sheet
31 May 2021

31.5.21 31.5.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,672 3,563

CURRENT ASSETS
Debtors 5 5,967 2,655
Cash at bank 27,419 51,723
33,386 54,378
CREDITORS
Amounts falling due within one year 6 (8,664 ) (15,411 )
NET CURRENT ASSETS 24,722 38,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,394

42,530

CREDITORS
Amounts falling due after more than one
year

7

(19,722

)

-

PROVISIONS FOR LIABILITIES (490 ) (655 )
NET ASSETS 7,182 41,875

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7,180 41,873
SHAREHOLDERS' FUNDS 7,182 41,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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.

Greenhollow Ltd (Registered number: SC207379)

Balance Sheet - continued
31 May 2021


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2022 and were signed by:





G Hannigan - Director


Greenhollow Ltd (Registered number: SC207379)

Notes to the Financial Statements
for the Year Ended 31 May 2021

1. STATUTORY INFORMATION

Greenhollow Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Plant and machinery etc - 25% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash in hand and at bank.

Creditors
Other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Greenhollow Ltd (Registered number: SC207379)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2020
and 31 May 2021 12,470
DEPRECIATION
At 1 June 2020 8,907
Charge for year 891
At 31 May 2021 9,798
NET BOOK VALUE
At 31 May 2021 2,672
At 31 May 2020 3,563

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.21 31.5.20
£    £   
Trade debtors - 2,655
Other debtors 5,967 -
5,967 2,655

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.21 31.5.20
£    £   
Bank loans and overdrafts 278 -
Taxation and social security 7,211 14,207
Other creditors 1,175 1,204
8,664 15,411

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.21 31.5.20
£    £   
Bank loans 19,722 -