Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseProperty management and development22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07268085 2022-06-01 2023-05-31 07268085 2021-06-01 2022-05-31 07268085 2023-05-31 07268085 2022-05-31 07268085 c:Director1 2022-06-01 2023-05-31 07268085 d:FurnitureFittings 2022-06-01 2023-05-31 07268085 d:FurnitureFittings 2023-05-31 07268085 d:FurnitureFittings 2022-05-31 07268085 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07268085 d:FreeholdInvestmentProperty 2023-05-31 07268085 d:FreeholdInvestmentProperty 2022-05-31 07268085 d:CurrentFinancialInstruments 2023-05-31 07268085 d:CurrentFinancialInstruments 2022-05-31 07268085 d:Non-currentFinancialInstruments 2023-05-31 07268085 d:Non-currentFinancialInstruments 2022-05-31 07268085 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07268085 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07268085 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07268085 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 07268085 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 07268085 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 07268085 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 07268085 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 07268085 d:ShareCapital 2023-05-31 07268085 d:ShareCapital 2022-05-31 07268085 d:RetainedEarningsAccumulatedLosses 2023-05-31 07268085 d:RetainedEarningsAccumulatedLosses 2022-05-31 07268085 c:FRS102 2022-06-01 2023-05-31 07268085 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07268085 c:FullAccounts 2022-06-01 2023-05-31 07268085 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07268085 2 2022-06-01 2023-05-31 07268085 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 07268085










GREENEBARD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
GREENEBARD LIMITED
REGISTERED NUMBER: 07268085

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,533
3,933

Investment property
 5 
156,660
156,660

  
160,193
160,593

Current assets
  

Debtors: amounts falling due within one year
 6 
187
3,002

Cash at bank and in hand
 7 
9,530
18,442

  
9,717
21,444

Creditors: amounts falling due within one year
 8 
(3,531)
(152,999)

Net current assets/(liabilities)
  
 
 
6,186
 
 
(131,555)

Total assets less current liabilities
  
166,379
29,038

Creditors: amounts falling due after more than one year
  
(138,688)
-

  

Net assets
  
27,691
29,038


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
27,689
29,036

  
27,691
29,038


Page 1

 
GREENEBARD LIMITED
REGISTERED NUMBER: 07268085
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2024.




E. F. D. Greene
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
GREENEBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

The company is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales under registration number 07268085. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as it is the Directors intention for the company to remain in operation for the next 12 months and the loan owed by the company under common control will not be requested for payment.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoiced monthly at the beginning of the month for which the rental income relates. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GREENEBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
10 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
GREENEBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of
Page 5

 
GREENEBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 June 2022
4,000



At 31 May 2023

4,000



Depreciation


At 1 June 2022
67


Charge for the year on owned assets
400



At 31 May 2023

467



Net book value



At 31 May 2023
3,533



At 31 May 2022
3,933

Page 6

 
GREENEBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Investment property


Investment property

£



Valuation


At 1 June 2022
156,660



At 31 May 2023
156,660

The 2023 valuations were made by the directors, on an open market value for existing use basis.







6.


Debtors

2023
2022
£
£


Other debtors
185
-

Called up share capital not paid
2
2

Prepayments and accrued income
-
3,000

187
3,002



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,530
18,442


Page 7

 
GREENEBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
723
150,000

Trade creditors
-
367

Corporation tax
-
74

Other creditors
1,300
1,300

Accruals and deferred income
1,508
1,258

3,531
152,999



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
138,688
-

138,688
-


Page 8

 
GREENEBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
723
150,000


723
150,000


Amounts falling due 2-5 years

Other loans
2,945
-


2,945
-

Amounts falling due after more than 5 years

Other loans
135,743
-

135,743
-

139,411
150,000



11.


Related party transactions

At the year end, included in loans, is an amount of £139,411 (2022: £150,000) owed to a company under common control. 

 
Page 9