CROSSGREEN INVESTMENTS LIMITED

Company Registration Number:
09235821 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

CROSSGREEN INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Additional notes
Balance sheet notes

CROSSGREEN INVESTMENTS LIMITED

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,722,068 2,391,827
Investments: 4 1 1
Total fixed assets: 2,722,069 2,391,828
Current assets
Stocks: 5 13,333 20,602
Debtors: 6 293,683 411,495
Cash at bank and in hand: 1,145,791 1,162,950
Total current assets: 1,452,807 1,595,047
Creditors: amounts falling due within one year: 7 ( 3,133,177 ) ( 3,172,120 )
Net current assets (liabilities): (1,680,370) (1,577,073)
Total assets less current liabilities: 1,041,699 814,755
Total net assets (liabilities): 1,041,699 814,755
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,041,698 814,754
Total Shareholders' funds: 1,041,699 814,755

The notes form part of these financial statements

CROSSGREEN INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 January 2024
and signed on behalf of the board by:

Name: T P Shea
Status: Director

The notes form part of these financial statements

CROSSGREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts chargeable, net of value added tax, in respect of the company's principal activities shown in the director's report.Property rental income is recognised on a straight line basis over the period of the lease.Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer, this usually being when the goods have been delivered to and accepted by customers.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.DepreciationDepreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives. The annual rates and methods of depreciation are as follows:Freehold investment property - Not depreciatedSolar panels - 4% straight line basisComputer equipment - 33.33% straight line basisMotor vehicles - 25% reducing balance basisPlant, machinery and tools - 10% straight line basis or 25% reducing balance basisFixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared to its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised in the profit and loss account. The reversal of an impairment loss is recognised immediately in the profit and loss account. Investment propertyInvestment property is initially recognised at cost, which includes purchase cost and any directly attributable expenditure, and is subsequently measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

    Valuation information and policy

    Business combinationsBusiness combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.InvestmentsInvestments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

    Other accounting policies

    StocksStock is stated at the lower of cost and estimated selling price less costs to complete and sell.DebtorsShort term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment.Cash and cash equivalentsCash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.CreditorsShort term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.Foreign currencyTransactions in foreign currency are translated at the spot rate at the date of the transactions. Assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange at the balance sheet date. All exchange differences are taken to the to the profit and loss account.

CROSSGREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

CROSSGREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 2,249,524 231,530 4,123 11,000 2,496,177
Additions 365,697 365,697
Disposals
Revaluations
Transfers
At 31 August 2023 2,249,524 597,227 4,123 11,000 2,861,874
Depreciation
At 1 September 2022 91,837 4,123 8,390 104,350
Charge for year 34,803 653 35,456
On disposals
Other adjustments
At 31 August 2023 126,640 4,123 9,043 139,806
Net book value
At 31 August 2023 2,249,524 470,587 0 1,957 2,722,068
At 31 August 2022 2,249,524 139,693 0 2,610 2,391,827

CROSSGREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Fixed assets investments note

The company's freehold investment property has been measured at fair value, equivalent to open market value, by the director at at 31 August 2023.There has been no valuation of investment property by an independent valuer.Investments in subsidiariesCost B/Fwd & C/Fwd - £1In the opinion of the director, the aggregate value of the company's investment in the subsidiary undertaking is no less than the amount included in the balance sheet.Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:DRT Metal Recycling Limited (Activity - Metal Recycling)100% Ordinary Share Capital

CROSSGREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Stocks

2023 2022
£ £
Stocks 13,333 20,602
Total 13,333 20,602

CROSSGREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Debtors

2023 2022
£ £
Trade debtors 116,056 57,558
Other debtors 177,627 353,937
Total 293,683 411,495

CROSSGREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 56,349 78,077
Taxation and social security 1,365 2,292
Accruals and deferred income 29,750 43,416
Other creditors 3,045,713 3,048,335
Total 3,133,177 3,172,120