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REGISTERED NUMBER: 08743847 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GREENWAYS PROPERTIES (WHIPSNADE) LIMITED

GREENWAYS PROPERTIES (WHIPSNADE) LIMITED (REGISTERED NUMBER: 08743847)






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


GREENWAYS PROPERTIES (WHIPSNADE) LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: Mr I C Fletcher
Mr D A Fletcher





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 08743847 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

GREENWAYS PROPERTIES (WHIPSNADE) LIMITED (REGISTERED NUMBER: 08743847)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,306 121,692
Investments 5 20,000 20,000
111,306 141,692

CURRENT ASSETS
Stocks 2,822,208 6,588,487
Debtors 6 1,775,504 843,662
Cash at bank 1,202,630 116,496
5,800,342 7,548,645
CREDITORS
Amounts falling due within one year 7 4,757,171 6,891,079
NET CURRENT ASSETS 1,043,171 657,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,154,477

799,258

CREDITORS
Amounts falling due after more than one
year

8

(41,643

)

(75,365

)

PROVISIONS FOR LIABILITIES (22,826 ) (23,121 )
NET ASSETS 1,090,008 700,772

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,089,908 700,672
SHAREHOLDERS' FUNDS 1,090,008 700,772

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.

GREENWAYS PROPERTIES (WHIPSNADE) LIMITED (REGISTERED NUMBER: 08743847)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2023 and were signed on its behalf by:





Mr I C Fletcher - Director


GREENWAYS PROPERTIES (WHIPSNADE) LIMITED (REGISTERED NUMBER: 08743847)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Greenways Properties (Whipsnade) 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.

Preparation of consolidated financial statements
The financial statements contain information about Greenways Properties (Whipsnade) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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


GREENWAYS PROPERTIES (WHIPSNADE) LIMITED (REGISTERED NUMBER: 08743847)

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,184 234,964 236,148
DEPRECIATION
At 1 April 2022 426 114,030 114,456
Charge for year 152 30,234 30,386
At 31 March 2023 578 144,264 144,842
NET BOOK VALUE
At 31 March 2023 606 90,700 91,306
At 31 March 2022 758 120,934 121,692

GREENWAYS PROPERTIES (WHIPSNADE) LIMITED (REGISTERED NUMBER: 08743847)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 220,240
Transfer to ownership (58,495 )
At 31 March 2023 161,745
DEPRECIATION
At 1 April 2022 103,965
Charge for year 24,442
Transfer to ownership (39,987 )
At 31 March 2023 88,420
NET BOOK VALUE
At 31 March 2023 73,325
At 31 March 2022 116,275

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 20,000
At 31 March 2022 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 23,508 2,550
Other debtors 1,743,873 762,653
Tax - 34,096
VAT 4,242 39,684
Prepayments 3,881 4,679
1,775,504 843,662

GREENWAYS PROPERTIES (WHIPSNADE) LIMITED (REGISTERED NUMBER: 08743847)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 3,033,065
Hire purchase contracts 33,723 86,481
Trade creditors 24,286 174,629
Corporation tax 108,944 -
Taxation and social security - 2,074
Other creditors 1,114,418 1,066,488
Directors' loan accounts 3,472,500 2,525,242
Accrued expenses 3,300 3,100
4,757,171 6,891,079

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 41,643 75,365

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A £1 10 10
100 100

Ordinary A shares rank pari passu with the Ordinary shares.

10. SECURED DEBTS

Security on the hire purchase contracts is given against the assets.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I C Fletcher.