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REGISTERED NUMBER: OC374593 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Greenbank Compactors LLP

Greenbank Compactors LLP (Registered number: OC374593)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenbank Compactors LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: Gunnergate Limited
IC & MJ Evershed Ltd
Penton House Limited





REGISTERED OFFICE: Greenbank House
Sotherby Road
Middlesbrough
TS3 8BT





REGISTERED NUMBER: OC374593 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Greenbank Compactors LLP (Registered number: OC374593)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 963,734 1,007,314
Investments 5 50,000 50,000
1,013,734 1,057,314

CURRENT ASSETS
Debtors 6 72,256 1,000,271
Cash at bank and in hand 605,372 205,172
677,628 1,205,443
CREDITORS
Amounts falling due within one year 7 52,081 278,127
NET CURRENT ASSETS 625,547 927,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,639,281

1,984,630

CREDITORS
Amounts falling due after more than one
year

8

2,735

186,201
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,636,546

1,798,429

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,636,546

1,798,429

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,636,546 1,798,429

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Greenbank Compactors LLP (Registered number: OC374593)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 March 2024 and were signed by:




Penton House Limited - Designated member




Gunnergate Limited - Designated member


Greenbank Compactors LLP (Registered number: OC374593)

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

1. STATUTORY INFORMATION

Greenbank Compactors LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with the Companies Act 2006, as amended, and with applicable Accounting Standards. There have been no material departures from the Accounting Standards.

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 not provided on freehold land.

Depreciation is not provided on freehold buildings as the members believe that the residual value of the property is in excess of its carrying value.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEE INFORMATION

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

Greenbank Compactors LLP (Registered number: OC374593)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023 1,007,314
Additions 554,879
Disposals (598,459 )
At 31 December 2023 963,734
NET BOOK VALUE
At 31 December 2023 963,734
At 31 December 2022 1,007,314

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 50,000
NET BOOK VALUE
At 31 December 2023 50,000
At 31 December 2022 50,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 96,359
Other debtors 72,256 903,846
Prepayments - 66
72,256 1,000,271

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 60,000
Trade creditors 1,449 87,564
VAT 28,386 11,185
Other creditors 774 94,985
Accrued expenses 21,472 24,393
52,081 278,127

Greenbank Compactors LLP (Registered number: OC374593)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 60,000
Bank loans - 2-5 years - 100,000
Accruals and deferred income 2,735 26,201
2,735 186,201

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after all unsecured creditors in the event of winding up.