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REGISTERED NUMBER: 10781012 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GREENSTAR LIMITED

GREENSTAR LIMITED (REGISTERED NUMBER: 10781012)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENSTAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr N K R Patel





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10781012 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

GREENSTAR LIMITED (REGISTERED NUMBER: 10781012)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 30,009
Investment property 5 1,050,000 2,387,546
1,050,000 2,417,555

CURRENT ASSETS
Debtors 6 667 1,407
Cash at bank 2,057 6,131
2,724 7,538
CREDITORS
Amounts falling due within one year 7 545,524 568,114
NET CURRENT LIABILITIES (542,800 ) (560,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,200

1,856,979

CREDITORS
Amounts falling due after more than one
year

8

(788,878

)

(1,959,827

)

PROVISIONS FOR LIABILITIES 10 (6,788 ) -
NET LIABILITIES (288,466 ) (102,848 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 51,339 -
Retained earnings (339,905 ) (102,948 )
SHAREHOLDERS' FUNDS (288,466 ) (102,848 )

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 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.

GREENSTAR LIMITED (REGISTERED NUMBER: 10781012)

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.

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

The financial statements were approved by the director and authorised for issue on 7 October 2023 and were signed by:





Mr N K R Patel - Director


GREENSTAR LIMITED (REGISTERED NUMBER: 10781012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Greenstar 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.

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 represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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.
Fixtures and fittings - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GREENSTAR LIMITED (REGISTERED NUMBER: 10781012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 58,611
Disposals (58,611 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 28,602
Eliminated on disposal (28,602 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 30,009

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 2,387,546
Disposals (1,395,673 )
Revaluations 58,127
At 31 March 2023 1,050,000
NET BOOK VALUE
At 31 March 2023 1,050,000
At 31 March 2022 2,387,546

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 58,127
Cost 991,873
1,050,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 642
Prepayments 667 765
667 1,407

GREENSTAR LIMITED (REGISTERED NUMBER: 10781012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 9) - 95,388
Directors' current accounts 544,445 468,024
Deferred income - 3,744
Accrued expenses 1,079 958
545,524 568,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 788,878 1,328,458
Other loans (see note 9) - 631,369
788,878 1,959,827

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 788,878 -

Repayable by instalments
Bank loans more 5 yr by instal - 946,907

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 95,388

Amounts falling due between one and two years:
Bank loans - 1-2 years - 95,388

Amounts falling due between two and five years:
Bank loans - 2-5 years - 286,163
Other loans - 631,369
- 917,532

GREENSTAR LIMITED (REGISTERED NUMBER: 10781012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. LOANS - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 788,878 -

Repayable by instalments
Bank loans more 5 yr by instal - 946,907

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 6,788 -

Deferred
tax
£   
Provided during year 6,788
Balance at 31 March 2023 6,788

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
value
reserve
£   
Fair value movement 51,339

At 31 March 2023 51,339