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Registration number: 03770522

Green Park Partners Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Green Park Partners Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Green Park Partners Limited

Company Information

Directors

Mr Hans Morten Bligaard

Ms Pouneh Bligaard

Company secretary

Ms Pouneh Bligaard

Registered office

66 North Side Wandsworth Common
London
SW18 2SH

Accountants

Peter Saxton & Co.
Accountants
362 Church Road
London
SW19 2QF

 

Green Park Partners Limited

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

221,709

245,335

Gross profit

 

221,709

245,335

Administrative expenses

 

(52,156)

(54,305)

Operating profit

 

169,553

191,030

Other interest receivable and similar income

 

600

1,330

Interest payable and similar expenses

 

(692)

(269)

   

(92)

1,061

Profit before tax

169,461

192,091

Tax on profit

 

(41,045)

(36,640)

Profit for the financial year

 

128,416

155,451

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Green Park Partners Limited

(Registration number: 03770522)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,818

1,302

Current assets

 

Debtors

5

25,955

67,811

Cash at bank and in hand

 

15,950

964

 

41,905

68,775

Creditors: Amounts falling due within one year

6

(42,160)

(68,930)

Net current liabilities

 

(255)

(155)

Net assets

 

1,563

1,147

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,463

1,047

Shareholders' funds

 

1,563

1,147

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 August 2024 and signed on its behalf by:
 

.........................................
Mr Hans Morten Bligaard
Director

 

Green Park Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
66 North Side Wandsworth Common
London
SW18 2SH

The principal place of business is:
29 Wilson Street
London
EC2M 2SJ

These financial statements were authorised for issue by the Board on 13 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Green Park Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

flat rate 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Green Park Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

3,593

3,593

Additions

1,303

1,303

Disposals

(402)

(402)

At 31 March 2024

4,494

4,494

Depreciation

At 1 April 2023

2,291

2,291

Charge for the year

787

787

Eliminated on disposal

(402)

(402)

At 31 March 2024

2,676

2,676

Carrying amount

At 31 March 2024

1,818

1,818

At 31 March 2023

1,302

1,302

5

Debtors

Current

2024
£

2023
£

Other debtors

25,955

67,811

 

25,955

67,811

 

Green Park Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

42,160

68,930

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

100

100

100

100

       

8

Related party transactions

 

Green Park Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr Hans Morten Bligaard

33,905

97,867

(118,795)

12,977

Ms Pouneh Bligaard

33,905

97,867

(118,795)

12,977

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr Hans Morten Bligaard

31,834

109,664

(107,592)

33,905

Ms Pouneh Bligaard

31,834

109,664

(107,592)

33,905