Registered number
13168188
Greenkin Property Ltd
Unaudited Filleted Accounts
31 January 2023
Greenkin Property Ltd
Registered number: 13168188
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 140,000
Current assets
Debtors 4 41,250 -
Cash at bank and in hand 128 624
41,378 624
Creditors: amounts falling due within one year 5 (43,155) (141,885)
Net current liabilities (1,777) (141,261)
Net liabilities (1,777) (1,261)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,778) (1,262)
Shareholders' funds (1,777) (1,261)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr L Hopkins
Director
Approved by the board on 18 October 2023
Greenkin Property Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2022 140,000
Disposals (140,000)
At 31 January 2023 -
Depreciation
At 31 January 2023 -
Net book value
At 31 January 2023 -
At 31 January 2022 140,000
4 Debtors 2023 2022
£ £
Other debtors 41,250 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 43,155 141,885
6 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr L Hopkins
Directors loan 10,470 200 - 10,670
Miss Z Hopkins
Directors loan 11,250 - - 11,250
21,720 200 - 21,920
The above loans are included in other creditors.
7 Other information
Greenkin Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
367 Chester Road
Little Sutton
Cheshire
CH66 3RQ
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