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Registered Number: 04297053
England and Wales

 

 

 

GREENSONS PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2021

End date: 31 December 2021
Directors William Green
John Green
Guy Green
Registered Number 04297053
Registered Office 7 Tunbridge Court, Tunbridge Lane
Bottisham
Cambridge
Cambridgeshire
CB5 9DU
Trading Address 7 Tunbridge Court
Bottisham
Cambridge
Cambridgeshire
CB5 9TU
Accountants Palmers Business Support Ltd
Palmers Barn
Station Road, Long Marston
TRING
HP23 4QS
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 December 2021.
Principal activities
Principal activity of the company during the financial year was of Commercial Property Letting.
Directors
The directors who served the company throughout the year were as follows:
William Green
John Green
Guy Green
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
William Green
Director

Date approved: 09 September 2022
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 December 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Income statement, statement of financial position, notes to the financial statements and detailed income statement from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Palmers Business Support Ltd
31 December 2021



....................................................
Palmers Business Support Ltd
Palmers Barn
Station Road, Long Marston
TRING
HP23 4QS
09 September 2022
3
 
 
Notes
 
2021
£
  2020
£
Fixed assets      
Tangible fixed assets 3 1,052,716    1,041,700 
1,052,716    1,041,700 
Current assets      
Debtors: amounts falling due within one year 4 17,736    9,047 
Cash at bank and in hand 198,636    63,937 
216,372    72,984 
Creditors: amount falling due within one year 5 (45,657)   (16,444)
Net current assets 170,715    56,540 
 
Total assets less current liabilities 1,223,431    1,098,240 
Creditors: amount falling due after more than one year 6 (164,899)   (164,989)
Net assets 1,058,532    933,251 
 

Capital and reserves
     
Called up share capital 100    100 
Fair Value Reserves 7 179,343    179,343 
Profit and loss account 879,089    753,808 
Shareholder's funds 1,058,532    933,251 
 


For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 09 September 2022 and were signed on its behalf by:


--------------------------------
William Green
Director
4
General Information
Greensons Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04297053, registration address 7 Tunbridge Court, Tunbridge Lane, Bottisham, Cambridge, Cambridgeshire, CB5 9DU

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
The directors valued the freehold land on the open market value based on existing use.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Straight Line
Plant and Machinery 2% Straight Line
Computer Equipment 20% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 2 (2020 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Computer Equipment   Total
  £   £   £   £
At 01 January 2021 1,033,419    9,310    901    1,043,630 
Additions 11,294        11,294 
Disposals      
At 31 December 2021 1,044,713    9,310    901    1,054,924 
Depreciation
At 01 January 2021   1,490    440    1,930 
Charge for year   186    92    278 
On disposals      
At 31 December 2021   1,676    532    2,208 
Net book values
Closing balance as at 31 December 2021 1,044,713    7,634    369    1,052,716 
Opening balance as at 01 January 2021 1,033,419    7,820    461    1,041,700 


4.

Debtors: amounts falling due within one year

2021
£
  2020
£
Trade Debtors 17,736    8,810 
VAT   237 
17,736    9,047 

5.

Creditors: amount falling due within one year

2021
£
  2020
£
Trade Creditors 5,297    1 
Corporation Tax 29,452    10,793 
Accrued Expenses 9,100    5,650 
VAT 1,808   
45,657    16,444 

6.

Creditors: amount falling due after more than one year

2021
£
  2020
£
Directors' Loan Accounts 164,899    164,989 
164,899    164,989 

7.

Fair Value Reserves

2021
£
  2020
£
Fair Value Reserve b/fwd 179,343    179,343 
179,343    179,343 

5