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REGISTERED NUMBER: 04054178 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

GREENRED LTD

GREENRED LTD (REGISTERED NUMBER: 04054178)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENRED LTD

Company Information
for the Year Ended 31 January 2023







DIRECTORS: S Morgenstern
N Sheinfeld





SECRETARY: S Morgenstern





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 04054178 (England and Wales)





ACCOUNTANTS: Martin + Heller
Chartered Accountants
5 North End Road
London
NW11 7RJ

GREENRED LTD (REGISTERED NUMBER: 04054178)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 920,000 920,000

CURRENT ASSETS
Debtors 5 27,254 11,924
Cash at bank 14,020 -
41,274 11,924
CREDITORS
Amounts falling due within one year 6 356,463 298,941
NET CURRENT LIABILITIES (315,189 ) (287,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

604,811

632,983

CREDITORS
Amounts falling due after more than one
year

7

(509,531

)

(551,198

)

PROVISIONS FOR LIABILITIES (2,527 ) (1,911 )
NET ASSETS 92,753 79,874

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 8 134,464 135,080
Retained earnings 8 (41,811 ) (55,306 )
SHAREHOLDERS' FUNDS 92,753 79,874

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

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

GREENRED LTD (REGISTERED NUMBER: 04054178)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





N Sheinfeld - Director


GREENRED LTD (REGISTERED NUMBER: 04054178)

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

1. STATUTORY INFORMATION

Greenred Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rent and ground rents receivable (excluding value added tax).

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.

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.

Going concern
The Company made a loss during the year and at the balance sheet date, it had a net liability. On the basis that the directors and the group will continue to support the company for the foreseeable future, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the directors and the group.

3. EMPLOYEES AND DIRECTORS

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

GREENRED LTD (REGISTERED NUMBER: 04054178)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 920,000
NET BOOK VALUE
At 31 January 2023 920,000
At 31 January 2022 920,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2016 142,369
Cost 777,631
920,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Amounts owed by group undertakings 17,979 649
Other debtors 9,275 11,275
27,254 11,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 39,000 42,507
Amounts owed to group undertakings 303,267 245,047
Tax 8,571 5,162
Accrued expenses 5,625 6,225
356,463 298,941

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 2-5 years 112,700 117,000
Bank loans > 5 years 396,831 434,198
509,531 551,198

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 396,831 434,198

GREENRED LTD (REGISTERED NUMBER: 04054178)

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

8. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 February 2022 (55,306 ) 135,080 79,774
Profit for the year 12,879 12,879
Deferred tax 616 (616 ) -
At 31 January 2023 (41,811 ) 134,464 92,653

9. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, Lionrule Holdings Limited, a company incorporated in England and Wales is the company's ultimate parent company.