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REGISTERED NUMBER: 07681414 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 30 June 2023

for

GREEN RESOURCE ENERGY LTD

GREEN RESOURCE ENERGY LTD (REGISTERED NUMBER: 07681414)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN RESOURCE ENERGY LTD

Company Information
for the year ended 30 June 2023







DIRECTOR: G Hall





REGISTERED OFFICE: Tanfield Lea Business Centre
Tanfield Lea Industrial Estate North
Tanfield Lea
Stanley
Co. Durham
DH9 9DB





REGISTERED NUMBER: 07681414 (England and Wales)





ACCOUNTANTS: Mitchells Grievson
Chartered Accountants
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

GREEN RESOURCE ENERGY LTD (REGISTERED NUMBER: 07681414)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,454 1,938
Investments 5 31 -
1,485 1,938

CURRENT ASSETS
Debtors 6 1,100,258 142,281
Cash at bank 5,093 28,792
1,105,351 171,073
CREDITORS
Amounts falling due within one year 7 1,682,681 120,556
NET CURRENT (LIABILITIES)/ASSETS (577,330 ) 50,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

(575,845

)

52,455

CREDITORS
Amounts falling due after more than one
year

8

-

50,000
NET (LIABILITIES)/ASSETS (575,845 ) 2,455

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (575,945 ) 2,355
(575,845 ) 2,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GREEN RESOURCE ENERGY LTD (REGISTERED NUMBER: 07681414)

Balance Sheet - continued
30 June 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 director and authorised for issue on 30 January 2024 and were signed by:





G Hall - Director


GREEN RESOURCE ENERGY LTD (REGISTERED NUMBER: 07681414)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Green Resource Energy 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.

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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GREEN RESOURCE ENERGY LTD (REGISTERED NUMBER: 07681414)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 2,785
DEPRECIATION
At 1 July 2022 847
Charge for year 484
At 30 June 2023 1,331
NET BOOK VALUE
At 30 June 2023 1,454
At 30 June 2022 1,938

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 31
At 30 June 2023 31
NET BOOK VALUE
At 30 June 2023 31

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,100,258 142,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,793 6,416
Taxation and social security 38,342 109,140
Other creditors 1,637,546 5,000
1,682,681 120,556

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 50,000

GREEN RESOURCE ENERGY LTD (REGISTERED NUMBER: 07681414)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
G Hall
Balance outstanding at start of year 63,855 72,885
Amounts advanced 166,746 23,692
Amounts repaid (54,147 ) (32,722 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 176,454 63,855

10. RELATED PARTY DISCLOSURES

Real REM Ltd

Green Resource Energy Ltd is also a director and shareholder of Real REM Ltd. During 22/23 year Green Resource Energy Ltd has loaned to Real REM Ltd £646,630. The balance was still outstanding at 30 June 2023.