Company Registration No. 12625130 (England and Wales)
Green Key Property Ltd
Unaudited accounts
for the year ended 31 May 2023
Green Key Property Ltd
Unaudited accounts
Contents
Green Key Property Ltd
Company Information
for the year ended 31 May 2023
Company Number
12625130 (England and Wales)
Registered Office
CWM-YR-YWEN
COED-Y-PAEN
PONTYPOOL
MONMOUTHSHIRE
NP4 0SY
UNITED KINGDOM
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Green Key Property Ltd
Statement of financial position
as at 31 May 2023
Investment property
274,109
191,671
Cash at bank and in hand
2,670
441
Creditors: amounts falling due within one year
(106,048)
(71,650)
Net current liabilities
(103,378)
(71,209)
Total assets less current liabilities
170,731
120,462
Creditors: amounts falling due after more than one year
(190,311)
(132,442)
Net liabilities
(19,580)
(11,980)
Called up share capital
2
2
Profit and loss account
(19,582)
(11,982)
Shareholders' funds
(19,580)
(11,980)
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2024 and were signed on its behalf by
Joseph Dare
Director
Company Registration No. 12625130
Green Key Property Ltd
Notes to the Accounts
for the year ended 31 May 2023
Green Key Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12625130. The registered office is CWM-YR-YWEN, COED-Y-PAEN, PONTYPOOL, MONMOUTHSHIRE, NP4 0SY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Despite the Company having net liabilities, the Company has the support of the Director and is therefore continuing as going concern.
Fair value at 1 June 2022
191,671
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,967
4,666
Taxes and social security
-
312
Loans from directors
98,722
66,409
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
190,311
132,442
A registration of charge is held over the property 56 High Street in relation to the bank loan and lender Paragon Bank Plc.
Green Key Property Ltd
Notes to the Accounts
for the year ended 31 May 2023
7
Average number of employees
During the year the average number of employees was 1 (2022: 4).