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REGISTERED NUMBER: 02180951 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

GREEN DEVELOPMENTS LIMITED

GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREEN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: R J George
S J George





SECRETARY: A J George





REGISTERED OFFICE: Mulberry House
Chelmsford Road
High Ongar
Essex
CM5 9NL





REGISTERED NUMBER: 02180951 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 943,579 981,371
Investments 5 - -
943,579 981,371

CURRENT ASSETS
Cash at bank 33,584 11,394

CREDITORS
Amounts falling due within one year 6 160,657 175,620
NET CURRENT LIABILITIES (127,073 ) (164,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

816,506

817,145

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 377,756 377,756
Revaluation reserve 7 83,993 83,993
Retained earnings 353,757 354,396
SHAREHOLDERS' FUNDS 816,506 817,145

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

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

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 28th September 2023 and were signed on its behalf by:





S J George - Director


GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

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


1. STATUTORY INFORMATION

Green Developments 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.

Turnover
Revenue 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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

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


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st April 2022 1,319,625 146,678 6,922 1,473,225
Additions - 5,850 - 5,850
Disposals - (4,750 ) - (4,750 )
At 31st March 2023 1,319,625 147,778 6,922 1,474,325
DEPRECIATION
At 1st April 2022 392,199 92,785 6,870 491,854
Charge for year 25,671 13,785 13 39,469
Eliminated on disposal - (577 ) - (577 )
At 31st March 2023 417,870 105,993 6,883 530,746
NET BOOK VALUE
At 31st March 2023 901,755 41,785 39 943,579
At 31st March 2022 927,426 53,893 52 981,371

Included within land and buildings is land valued at £36,100 (2022 £36,100) which is not depreciated.

5. FIXED ASSET INVESTMENTS

The company holds shares in Genus plc, which were acquired at nil cost. The market value of these shares as at the balance sheet date was £28,220 (2022 £28,220).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,139 4,039
Amounts owed to participating interests 136,598 135,598
VAT 2,897 4,160
Other creditors 10,761 9,111
Directors' current accounts 6,512 20,962
Accrued expenses 1,750 1,750
160,657 175,620

7. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 83,993