Registered number
14207073
Green Worx Property Ltd
Filleted Accounts
30 June 2024
Green Worx Property Ltd
Registered number: 14207073
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 170,000 165,000
Current assets
Cash at bank and in hand 144 233
Net current assets 144 233
Total assets less current liabilities 170,144 165,233
Creditors: amounts falling due after more than one year 4 (158,314) (160,932)
Net assets 11,830 4,301
Capital and reserves
Called up share capital 100 100
Revaluation reserve 5 16,521 11,521
Profit and loss account (4,791) (7,320)
Shareholders' funds 11,830 4,301
The directors are 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 directors acknowledge their 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.
J D Lytheer
Director
Approved by the board on 31 July 2024
Green Worx Property Ltd
Notes to the Accounts
for the year ended 30 June 2024
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property nil
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 165,000
Surplus on revaluation 5,000
At 30 June 2024 170,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 170,000
At 30 June 2023 165,000
4 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 80,614 83,232
Mortgage 76,800 76,800
Other creditors 900 900
158,314 160,932
5 Revaluation reserve 2024 2023
£ £
At 1 July 2023 11,521 -
Gain on revaluation of land and buildings 5,000 11,521
At 30 June 2024 16,521 11,521
6 Controlling party
The company is controlled by the director.
7 Other information
Green Worx Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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