Registered number
12653674
Green Mount Property Limited
Unaudited Filleted Financial Statements
For the Year Ended
28 February 2023
Green Mount Property Limited
Registered number: 12653674
Balance Sheet as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 59,969 59,969
Current assets
Stocks 26,539 984
Debtors 4 968 -
Cash at bank and in hand 38,457 11,055
65,964 12,039
Creditors: amounts falling due within one year 5 (12,359) (10,897)
Net current assets 53,605 1,142
Total assets less current liabilities 113,574 61,111
Creditors: amounts falling due after one year 6 (111,700) (61,700)
Net assets/(liabilities) 1,874 (589)
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,873 (590)
Shareholders' funds 1,874 (589)
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 A.P. Robinson
Director
Approved by the board on 28 November 2023
Green Mount Property Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard).
Going concern
The directors believe the company is experiencing healthy levels of income and profitability, has ongoing support from it's other creditor (see notes 5 & 6) and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Investment Properties
Investment properties are measured at fair value at each reporting date with changes in fair value to be recognised in profit or loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the
company (including directors) during the year 3 3
3 Tangible fixed assets
Investment Properties
£
Cost or valuation
At 1 March 2022 59,969
At 28 February 2023 59,969
Depreciation
At 28 February 2023 -
Net book value
At 28 February 2023 59,969
At 28 February 2022 59,969
All investment property was acquired during the previous year and the cost is still deemed by the directors to be the same as the market value at the year end.
4 Debtors 2023 2022
£ £
Prepayments & accrued income 968 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxes and social security costs 474 -
Other creditors 10,397 10,397
Accruals 1,488 500
12,359 10,897
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditor 111,700 61,700
7 Other information
Green Mount Property Limited is a private company limited by shares and incorporated in England. Its registered office is : Green Mount, Cinderhills Road, Holmfirth, England, HD9 1EE.
The financial statements are presented in Sterling, which is the functional currency of the company.
Green Mount Property Limited 12653674 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 Mr A.P. Robinson No description of principal activity 12653674 2021-03-01 2022-02-28 12653674 core:WithinOneYear 2022-02-28 12653674 core:AfterOneYear 2022-02-28 12653674 core:ShareCapital 2022-02-28 12653674 core:RetainedEarningsAccumulatedLosses 2022-02-28 12653674 2022-03-01 2023-02-28 12653674 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12653674 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12653674 bus:Director40 2022-03-01 2023-02-28 12653674 countries:England 2022-03-01 2023-02-28 12653674 bus:FRS102 2022-03-01 2023-02-28 12653674 bus:FullAccounts 2022-03-01 2023-02-28 12653674 2023-02-28 12653674 core:WithinOneYear 2023-02-28 12653674 core:AfterOneYear 2023-02-28 12653674 core:ShareCapital 2023-02-28 12653674 core:RetainedEarningsAccumulatedLosses 2023-02-28 12653674 core:PlantMachinery 2023-02-28 12653674 2022-02-28 12653674 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure