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REGISTERED NUMBER: 12033352 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

R R (GREEN STREET) LTD

R R (GREEN STREET) LTD (REGISTERED NUMBER: 12033352)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


R R (GREEN STREET) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R R Gidwani
Mrs R Pau





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 12033352 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R R (GREEN STREET) LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R R (Green Street) Ltd for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R R (Green Street) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R R (Green Street) Ltd and state those matters that we have agreed to state to the Board of Directors of R R (Green Street) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R R (Green Street) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R R (Green Street) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R R (Green Street) Ltd. You consider that R R (Green Street) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R R (Green Street) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


30 November 2023

R R (GREEN STREET) LTD (REGISTERED NUMBER: 12033352)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,246,124 2,180,000

CURRENT ASSETS
Debtors 5 - 10,000
Cash at bank and in hand 33,874 96,208
33,874 106,208
CREDITORS
Amounts falling due within one year 6 270,688 1,662,100
NET CURRENT LIABILITIES (236,814 ) (1,555,892 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,009,310

624,108

CREDITORS
Amounts falling due after more than one year 7 (1,413,254 ) (42,836 )

PROVISIONS FOR LIABILITIES (110,034 ) (110,034 )
NET ASSETS 486,022 471,238

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 485,922 471,138
486,022 471,238

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

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

R R (GREEN STREET) LTD (REGISTERED NUMBER: 12033352)

BALANCE SHEET - continued
31 MARCH 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 30 November 2023 and were signed on its behalf by:





R R Gidwani - Director


R R (GREEN STREET) LTD (REGISTERED NUMBER: 12033352)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

R R (Green Street) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 2 (2022 - 2 ) .

R R (GREEN STREET) LTD (REGISTERED NUMBER: 12033352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 2,180,000
Additions 66,124
At 31 March 2023 2,246,124
NET BOOK VALUE
At 31 March 2023 2,246,124
At 31 March 2022 2,180,000

In the opinion of the directors the fair value of the investment properties as at 31 March 2023 is not significantly different to that stated above.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments - 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 5,527 710,037
Tax 3,468 623
Directors' current accounts 250,000 950,000
Accrual and Deferred Income 11,693 1,440
270,688 1,662,100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 1,413,254 42,836

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,527 710,037

R R (GREEN STREET) LTD (REGISTERED NUMBER: 12033352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 5,665 5,527

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,407,589 37,309

Bank loans include a £1,375,945 loan secured against the company's investment property which is fully repayable by May 2042 .The loan is interest only. The rate of interest is 2.95% per annum for first 5 years and thereafter interest rate will change to Base rate plus 2.95% per annum.

Bank loans include a £50,000 government backed bounce back loan which is fully repayable by June 2026 and is subject to interest rate of 2.5% per annum.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,375,945 704,646

10. RESERVES

Retained earnings includes undistributable profit and loss reserves of £469,094(2022: £469,094).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at period end the company owed £250,000 (2022: £950,000) to the directors.

12. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controllers as they are the beneficial owners of the issued share capital of the company.