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REGISTERED NUMBER: 03766663 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GREEN LINE INVESTMENTS LIMITED

GREEN LINE INVESTMENTS LIMITED (REGISTERED NUMBER: 03766663)

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 LINE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G S Stavrou
Mr G Makris





REGISTERED OFFICE: 139a Sunnyhill Road
London
SW16 2UW





REGISTERED NUMBER: 03766663 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

GREEN LINE INVESTMENTS LIMITED (REGISTERED NUMBER: 03766663)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,153,703 1,000,000
Investment property 5 12,157,008 12,157,008
13,310,711 13,157,008

CURRENT ASSETS
Debtors 6 13,191 1,635
Cash at bank and in hand 2,888,271 1,060,364
2,901,462 1,061,999
CREDITORS
Amounts falling due within one year 7 6,304,739 4,889,904
NET CURRENT LIABILITIES (3,403,277 ) (3,827,905 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,907,434

9,329,103

PROVISIONS FOR LIABILITIES 8 415,051 415,051
NET ASSETS 9,492,383 8,914,052

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 3,984,375 3,866,132
Retained earnings 5,508,006 5,047,918
SHAREHOLDERS' FUNDS 9,492,383 8,914,052

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 LINE INVESTMENTS LIMITED (REGISTERED NUMBER: 03766663)

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 28 August 2024 and were signed on its behalf by:





Mr G Makris - Director


GREEN LINE INVESTMENTS LIMITED (REGISTERED NUMBER: 03766663)

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


1. STATUTORY INFORMATION

Green Line 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 represents amounts derived from rents receivable during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GREEN LINE INVESTMENTS LIMITED (REGISTERED NUMBER: 03766663)

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


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 1,000,000
Additions 35,460
Revaluations 118,243
At 31 March 2024 1,153,703
NET BOOK VALUE
At 31 March 2024 1,153,703
At 31 March 2023 1,000,000

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 118,243
Cost 1,035,460
1,153,703

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,000,000 1,000,000

Fixed asset investments were valued on an open market basis on 31 March 2024 by Waystone Management (UK) Limited .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 12,157,008
NET BOOK VALUE
At 31 March 2024 12,157,008
At 31 March 2023 12,157,008

GREEN LINE INVESTMENTS LIMITED (REGISTERED NUMBER: 03766663)

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


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2008 155,260
Valuation in 2009 475,923
Valuation in 2017 3,650,000
Cost 7,875,825
12,157,008

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments and accrued income 13,191 1,635

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 141,571 69,296
Amounts due to related party 120,822 84,551
Directors' current accounts 6,038,146 4,731,857
Accrued expenses 4,200 4,200
6,304,739 4,889,904

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 415,051 415,051

Deferred
tax
£   
Balance at 1 April 2023 415,051
Balance at 31 March 2024 415,051

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

GREEN LINE INVESTMENTS LIMITED (REGISTERED NUMBER: 03766663)

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


10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 3,866,132
Fair value 118,243

At 31 March 2024 3,984,375