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REGISTERED NUMBER: 11521377 (England and Wales)















Financial Statements For The Year Ended 30 December 2023

for

Greenleas Investments Limited

Greenleas Investments Limited (Registered number: 11521377)






Contents of the Financial Statements
For The Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenleas Investments Limited

Company Information
For The Year Ended 30 December 2023







DIRECTORS: S A Barber
Mrs J C Moores





REGISTERED OFFICE: The Cottages
86-88 Wallasey Road
Wallasey
Wirral
CH44 2AE





REGISTERED NUMBER: 11521377 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Greenleas Investments Limited (Registered number: 11521377)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £   
CURRENT ASSETS
Stocks 1,773,464 1,716,017
Debtors 4 - 1
Cash at bank 1,793 13,352
1,775,257 1,729,370
CREDITORS
Amounts falling due within one year 5 2,141,943 452,306
NET CURRENT (LIABILITIES)/ASSETS (366,686 ) 1,277,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

(366,686

)

1,277,064

CREDITORS
Amounts falling due after more than one year 6 - 1,410,271
NET LIABILITIES (366,686 ) (133,207 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (366,688 ) (133,209 )
(366,686 ) (133,207 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

Greenleas Investments Limited (Registered number: 11521377)

Balance Sheet - continued
30 December 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 2 February 2024 and were signed on its behalf by:




S A Barber - Director



Mrs J C Moores - Director


Greenleas Investments Limited (Registered number: 11521377)

Notes to the Financial Statements
For The Year Ended 30 December 2023

1. STATUTORY INFORMATION

Greenleas Investments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Management has considered the consequences of Covid-19 and other events and conditions. They have determined that they do not create a material uncertainty that casts significant doubt upon the entities ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and 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.


Greenleas Investments Limited (Registered number: 11521377)

Notes to the Financial Statements - continued
For The Year Ended 30 December 2023

2. ACCOUNTING POLICIES - continued
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 NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Other debtors - 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Other creditors 2,141,943 452,306

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.12.23 30.12.22
£    £   
Other creditors - 1,410,271

7. SECURED DEBTS

The following secured debts are included within creditors:

30.12.23 30.12.22
£    £   
Other loans 1,629,564 1,811,894
Other creditors 19,049 -
1,648,613 1,811,894

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mrs J Moores, operated an account to which transactions of a private nature were charged. At the balance sheet date and included in other creditors is £263,644 (2022 - £30,006) which is owed by the company to the director. Secuity has been given for £19,049 (2022 NIL). The loan is repayable on demand.

9. RELATED PARTY DISCLOSURES

The director, Mr S A Barber, is also a director of Cornovii Investments Limited. Included in other creditors is £246,335 (2022 - £17,286) which is owed to Cornovii Investments Limited by Greenleas Investments Ltd. The loan is repayable on demand.