Registered number
12026275
GREEN THE GREY LTD
Unaudited Filleted Accounts
31 October 2023
GREEN THE GREY LTD
Registered number: 12026275
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 2,418 2,561
Investments 4 296 500
2,714 3,061
Current assets
Debtors 5 1,677,975 703,200
Cash at bank and in hand 1,049,398 1,967,655
2,727,373 2,670,855
Creditors: amounts falling due within one year 6 (4,822) (94,190)
Net current assets 2,722,551 2,576,665
Net assets 2,725,265 2,579,726
Capital and reserves
Called up share capital 978 978
Capital redemption reserve 102 102
Profit and loss account 2,724,185 2,578,646
Shareholders' funds 2,725,265 2,579,726
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R A Sabin
Director
Approved by the board on 30 July 2024
GREEN THE GREY LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by the Companies Act 2006 not to prepare group accounts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 2,845
At 31 October 2023 2,845
Amortisation
At 1 November 2022 284
Provided during the year 143
At 31 October 2023 427
Net book value
At 31 October 2023 2,418
At 31 October 2022 2,561
Patents are being written off in equal annual instalments over their estimated economic life of 20 years.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2022 500
Disposals (204)
At 31 October 2023 296
The company holds 20% or more of the share capital of the following companies:
Company Shares held
Class %
Growing Revolution Ltd Ordinary 96
Planet People Plants Ltd Ordinary 100
Green The Grey (Sussex) Ltd Ordinary 100
Growing Revolution Ltd develops and sells nature based products and systems. Planet People Plants Ltd owns intangible assets. Green The Grey (Sussex) Ltd does not trade. All companies are incorporated in England and Wales.
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 131,955 -
Other debtors 1,546,020 703,200
1,677,975 703,200
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 290 545
Amounts owed to group undertakings and undertakings in which the company has a participating interest 100 3,245
Taxation and social security costs 2,357 -
Other creditors 2,075 90,400
4,822 94,190
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R A Sabin
Loan with no repayment terms, interst has been charged on the loan at the HMRC official rate of interest. - 1,045,235 - 1,045,235
- 1,045,235 - 1,045,235
8 Controlling party
The company is controlled by R A Sabin who owns 94% of the issued share capital.
9 Other information
GREEN THE GREY LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 15, Donnington Business Park
Birdham Road
Chichester
West Sussex
PO20 7DU
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