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REGISTERED NUMBER: 04147208 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GREEN PLACE INVESTMENTS LIMITED

GREEN PLACE INVESTMENTS LIMITED (REGISTERED NUMBER: 04147208)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN PLACE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Hards
Mrs R E Hards
E Ormiston





SECRETARY: Mrs R E Hards





REGISTERED OFFICE: 52 The Green
Southwick
West Sussex
BN42 4FS





REGISTERED NUMBER: 04147208 (England and Wales)





ACCOUNTANTS: Haines & Co
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR

GREEN PLACE INVESTMENTS LIMITED (REGISTERED NUMBER: 04147208)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,501,000 2,391,000

CURRENT ASSETS
Debtors 5 25,493 32,997
Cash at bank 25,347 33,396
50,840 66,393
CREDITORS
Amounts falling due within one year 6 836,234 918,576
NET CURRENT LIABILITIES (785,394 ) (852,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,715,606

1,538,817

PROVISIONS FOR LIABILITIES 47,868 15,480
NET ASSETS 1,667,738 1,523,337

CAPITAL AND RESERVES
Called up share capital 30,100 30,100
Retained earnings 1,637,638 1,493,237
SHAREHOLDERS' FUNDS 1,667,738 1,523,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GREEN PLACE INVESTMENTS LIMITED (REGISTERED NUMBER: 04147208)

BALANCE SHEET - continued
31 MARCH 2024


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 26 July 2024 and were signed on its behalf by:




D Hards - Director



Mrs R E Hards - Director


GREEN PLACE INVESTMENTS LIMITED (REGISTERED NUMBER: 04147208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Green Place 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measure at the fair value of the consideration receivable net of VAT and trade discounts. The policy adopted for the recognition of turnover is as follows:

Rental income from operating leases is recognised on a straight line basis over the term of the lease.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and the fair value movement included in the profit for the year are as follows:

Properties are valued by the directors using a yield basis to identify fair value.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

GREEN PLACE INVESTMENTS LIMITED (REGISTERED NUMBER: 04147208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,391,000
Revaluations 110,000
At 31 March 2024 2,501,000
NET BOOK VALUE
At 31 March 2024 2,501,000
At 31 March 2023 2,391,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2006 542,664
Valuation in 2021 (235,248 )
Valuation in 2024 110,000
Cost 2,083,584
2,501,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,920,214 1,920,214

Fixed asset investments were valued on an open market basis on 31 March 2024 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,493 32,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 40,331 32,124
Other creditors 795,903 886,452
836,234 918,576

7. RELATED PARTY DISCLOSURES

The company is controlled by Mrs R E Hards, a director, by virtue of her interest in the issued ordinary share capital of the company.