Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mrs J Fussell 02/01/2015 Mr S P Fussell 02/01/2015 14 April 2024 The principal activity of the company is renting and operating of own real estate and selling artwork. 09371166 2023-12-31 09371166 bus:Director1 2023-12-31 09371166 bus:Director2 2023-12-31 09371166 2022-12-31 09371166 core:CurrentFinancialInstruments 2023-12-31 09371166 core:CurrentFinancialInstruments 2022-12-31 09371166 core:Non-currentFinancialInstruments 2023-12-31 09371166 core:Non-currentFinancialInstruments 2022-12-31 09371166 core:ShareCapital 2023-12-31 09371166 core:ShareCapital 2022-12-31 09371166 core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 09371166 core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 09371166 core:RetainedEarningsAccumulatedLosses 2023-12-31 09371166 core:RetainedEarningsAccumulatedLosses 2022-12-31 09371166 core:PlantMachinery 2022-12-31 09371166 core:OfficeEquipment 2022-12-31 09371166 core:PlantMachinery 2023-12-31 09371166 core:OfficeEquipment 2023-12-31 09371166 bus:OrdinaryShareClass1 2023-12-31 09371166 2023-01-01 2023-12-31 09371166 bus:FilletedAccounts 2023-01-01 2023-12-31 09371166 bus:SmallEntities 2023-01-01 2023-12-31 09371166 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09371166 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09371166 bus:Director1 2023-01-01 2023-12-31 09371166 bus:Director2 2023-01-01 2023-12-31 09371166 core:PlantMachinery core:TopRangeValue 2023-01-01 2023-12-31 09371166 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 09371166 2022-01-01 2022-12-31 09371166 core:PlantMachinery 2023-01-01 2023-12-31 09371166 core:OfficeEquipment 2023-01-01 2023-12-31 09371166 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 09371166 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09371166 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09371166 (England and Wales)

GREEN ALDER LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

GREEN ALDER LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

GREEN ALDER LIMITED

BALANCE SHEET

As at 31 December 2023
GREEN ALDER LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 29,262 39,278
Investment property 4 5,031,487 5,031,487
5,060,749 5,070,765
Current assets
Stocks 30,000 30,000
Debtors 5 29,025 29,947
Cash at bank and in hand 292,558 125,708
351,583 185,655
Creditors: amounts falling due within one year 6 ( 302,021) ( 298,801)
Net current assets/(liabilities) 49,562 (113,146)
Total assets less current liabilities 5,110,311 4,957,619
Creditors: amounts falling due after more than one year 7 ( 4,000,000) ( 4,000,000)
Provision for liabilities ( 71,357) ( 73,861)
Net assets 1,038,954 883,758
Capital and reserves
Called-up share capital 8 180,000 180,000
Fair value reserve 190,213 190,213
Profit and loss account 668,741 513,545
Total shareholders' funds 1,038,954 883,758

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Green Alder Limited (registered number: 09371166) were approved and authorised for issue by the Board of Directors on 14 April 2024. They were signed on its behalf by:

Mrs J Fussell
Director
GREEN ALDER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
GREEN ALDER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Green Alder Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 January 2023 39,480 11,020 50,500
Additions 2,250 779 3,029
At 31 December 2023 41,730 11,799 53,529
Accumulated depreciation
At 01 January 2023 7,523 3,699 11,222
Charge for the financial year 10,245 2,800 13,045
At 31 December 2023 17,768 6,499 24,267
Net book value
At 31 December 2023 23,962 5,300 29,262
At 31 December 2022 31,957 7,321 39,278

4. Investment property

Investment property
£
Valuation
As at 01 January 2023 5,031,487
As at 31 December 2023 5,031,487

The directors have provided the above valuation using their interpretation of the market and the factors that they have experienced to determine the appropriate fair value.

5. Debtors

2023 2022
£ £
Trade debtors 6,981 7,074
Prepayments and accrued income 5,603 3,938
Other debtors 16,441 18,935
29,025 29,947

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 4,468 2,073
Taxation and social security 53,167 43,736
Other creditors 244,386 252,992
302,021 298,801

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 4,000,000 4,000,000

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
180,000 Ordinary shares of £ 1.00 each 180,000 180,000