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REGISTERED NUMBER: 00701080 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Green Business Centre Limited

Green Business Centre Limited (Registered number: 00701080)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Green Business Centre Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C B Everard
Miss J Everard





SECRETARY: Mrs C B Everard





REGISTERED OFFICE: Salisbury House
London
EC2M 5SQ





REGISTERED NUMBER: 00701080 (England and Wales)





ACCOUNTANTS: Pawley & Malyon
Salisbury House
London
EC2M 5SQ

Green Business Centre Limited (Registered number: 00701080)

Abridged Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 646 320
Investment property 5 1,680,000 1,680,000
1,680,646 1,680,320

CURRENT ASSETS
Debtors 13,857 14,069
Cash at bank 338,559 229,180
352,416 243,249
CREDITORS
Amounts falling due within one year 82,919 55,191
NET CURRENT ASSETS 269,497 188,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,950,143

1,868,378

PROVISIONS FOR LIABILITIES 308,906 191,068
NET ASSETS 1,641,237 1,677,310

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 6 1,069,555 1,069,555
Retained earnings 570,682 606,755
SHAREHOLDERS' FUNDS 1,641,237 1,677,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Green Business Centre Limited (Registered number: 00701080)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:




Mrs C B Everard - Director



Miss J Everard - Director


Green Business Centre Limited (Registered number: 00701080)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. Statutory information

Green Business Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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


Green Business Centre Limited (Registered number: 00701080)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1 April 2022 878
Additions 499
At 31 March 2023 1,377
Depreciation
At 1 April 2022 558
Charge for year 173
At 31 March 2023 731
Net book value
At 31 March 2023 646
At 31 March 2022 320

5. Investment property
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 1,680,000
Net book value
At 31 March 2023 1,680,000
At 31 March 2022 1,680,000

Green Business Centre Limited (Registered number: 00701080)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. Investment property - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 1999 655,623
Valuation in 2000 85,000
Valuation in 2002 815,000
Valuation in 2003 200,000
Valuation in 2007 (786,000 )
Valuation in 2010 (139,000 )
Valuation in 2015 175,000
Valuation in 2019 230,000
Cost 444,377
1,680,000

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

31/3/23 31/3/22
£    £   
Cost 444,377 444,377

The investment property was valued on an open market basis on 27 November 2019 by James Flynn Chartered Surveyors .

The above amount comprises Cost of £444,377 and Revaluations of £1,235,623.

6. Reserves
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 1,069,555