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REGISTERED NUMBER: 09716077 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Greens Commercial Holdings Limited

Greens Commercial Holdings Limited (Registered number: 09716077)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Greens Commercial Holdings Limited (Registered number: 09716077)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,594 -
Investments 5 971,525 971,525
Investment property 6 2,019,064 654,233
3,000,183 1,625,758

CURRENT ASSETS
Debtors 7 39,686 401,158
Cash at bank 32,471 33,893
72,157 435,051
CREDITORS
Amounts falling due within one year 8 1,112,571 498,952
NET CURRENT LIABILITIES (1,040,414 ) (63,901 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,959,769

1,561,857

PROVISIONS FOR LIABILITIES 2,207 -
NET ASSETS 1,957,562 1,561,857

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,957,462 1,561,757
SHAREHOLDERS' FUNDS 1,957,562 1,561,857

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

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

Greens Commercial Holdings Limited (Registered number: 09716077)

Balance Sheet - continued
31 May 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 24 November 2023 and were signed on its behalf by:





F H Tyne - Director


Greens Commercial Holdings Limited (Registered number: 09716077)

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

1. STATUTORY INFORMATION

Greens Commercial Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09716077

Registered office: 55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA

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 Greens Commercial Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under the Companies Act 2006 from the requirements to prepare group accounts.

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 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.
Plant and machinery etc - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiaries are accounted for at cost less impairment in the financial statements.

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.


Greens Commercial Holdings Limited (Registered number: 09716077)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 11,287
At 31 May 2023 11,287
DEPRECIATION
Charge for year 1,693
At 31 May 2023 1,693
NET BOOK VALUE
At 31 May 2023 9,594

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 971,525
NET BOOK VALUE
At 31 May 2023 971,525
At 31 May 2022 971,525

Greens Commercial Holdings Limited (Registered number: 09716077)

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

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 June 2022 654,233
Additions 1,364,831
At 31 May 2023 2,019,064
NET BOOK VALUE
At 31 May 2023 2,019,064
At 31 May 2022 654,233

Valuation at reporting date is deemed to be no different to cost in relation to real estate acquired in the year.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 8,960 -
Other debtors 30,726 401,158
39,686 401,158

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 21,722 -
Amounts owed to group undertakings 300,000 95,000
Taxation and social security 5,276 1,041
Other creditors 785,573 402,911
1,112,571 498,952

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loaned funds to the company on an interest free basis throughout the financial year. The balance owed to the directors at the start of the year was £360,026. The balance due at 31 May 2023 is £738,999.