Company Registration No. 03019504 (England and Wales)
Green Man Tower Limited
Unaudited accounts
for the year ended 29 February 2024
Green Man Tower Limited
Unaudited accounts
Contents
Green Man Tower Limited
Company Information
for the year ended 29 February 2024
Company Number
03019504 (England and Wales)
Registered Office
C/O Accounts And Legal
81 King Street
Manchester
Greater Manchester
M2 4AH
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Green Man Tower Limited
Accountants' report
Accountants' report to the director of Green Man Tower Limited on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Green Man Tower Limited for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Green Man Tower Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Green Man Tower Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Man Tower Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Green Man Tower Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Green Man Tower Limited. You consider that Green Man Tower Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Green Man Tower Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
29 July 2024
Green Man Tower Limited
Statement of financial position
as at 29 February 2024
Tangible assets
2,491,688
2,490,666
Cash at bank and in hand
65,523
40,301
Creditors: amounts falling due within one year
(306,578)
(290,205)
Net current assets
335,500
334,329
Total assets less current liabilities
2,827,188
2,824,995
Provisions for liabilities
Deferred tax
(395,194)
(395,438)
Net assets
2,431,994
2,429,557
Called up share capital
2
2
Revaluation reserve
1,579,089
1,579,089
Profit and loss account
852,903
850,466
Shareholders' funds
2,431,994
2,429,557
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
Carl Lomas
Director
Company Registration No. 03019504
Green Man Tower Limited
Notes to the Accounts
for the year ended 29 February 2024
Green Man Tower Limited is a private company, limited by shares, registered in England and Wales, registration number 03019504. The registered office is C/O Accounts And Legal, 81 King Street, Manchester, Greater Manchester, M2 4AH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% Straight Line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Short term debtors are measured at transaction price, less any impairment. Loans receivables 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.
Short term trade 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.
Green Man Tower Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
2,490,000
5,622
2,495,622
At 29 February 2024
2,490,000
6,986
2,496,986
At 1 March 2023
-
4,956
4,956
Charge for the year
-
342
342
At 29 February 2024
-
5,298
5,298
At 29 February 2024
2,490,000
1,688
2,491,688
At 28 February 2023
2,490,000
666
2,490,666
Amounts falling due within one year
Amounts due from group undertakings etc.
-
567,243
Amounts falling due after more than one year
Amounts due from group undertakings etc.
569,158
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
28,358
2,546
Other creditors
24,501
24,500
Loans from directors
253,719
258,697
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).