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COMPANY REGISTRATION NUMBER: 11023694
GREEN DRIVE MARYLEBONE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
26 October 2022
GREEN DRIVE MARYLEBONE LTD
FINANCIAL STATEMENTS
PERIOD FROM 29 OCTOBER 2021 TO 26 OCTOBER 2022
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
GREEN DRIVE MARYLEBONE LTD
STATEMENT OF FINANCIAL POSITION
26 October 2022
26 Oct 22
28 Oct 21
Note
£
£
£
CURRENT ASSETS
Debtors
4
30,303
1,167,053
Cash at bank and in hand
75
3,287
--------
------------
30,378
1,170,340
CREDITORS: amounts falling due within one year
5
( 1,146,109)
( 1,138,879)
------------
------------
NET CURRENT (LIABILITIES)/ASSETS
( 1,115,731)
31,461
------------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 1,115,731)
31,461
CREDITORS: amounts falling due after more than one year
6
( 32,381)
( 41,667)
------------
--------
NET LIABILITIES
( 1,148,112)
( 10,206)
------------
--------
CAPITAL AND RESERVES
Called up share capital
3
3
Profit and loss account
( 1,148,115)
( 10,209)
------------
--------
SHAREHOLDERS DEFICIT
( 1,148,112)
( 10,206)
------------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 26 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GREEN DRIVE MARYLEBONE LTD
STATEMENT OF FINANCIAL POSITION (continued)
26 October 2022
These financial statements were approved by the board of directors and authorised for issue on 28 August 2024 , and are signed on behalf of the board by:
D J Fox
Director
Company registration number: 11023694
GREEN DRIVE MARYLEBONE LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 29 OCTOBER 2021 TO 26 OCTOBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Holywell Row, London, EC2A 4JB, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the director that they will continue to give financial support to the company for at least twelve months from the date of signing these financial statements. On this basis the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis prove not to be appropriate.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
4. DEBTORS
26 Oct 22
28 Oct 21
£
£
Other debtors
30,303
1,167,053
--------
------------
5. CREDITORS: amounts falling due within one year
26 Oct 22
28 Oct 21
£
£
Bank loans and overdrafts
8,333
8,333
Other creditors
1,137,776
1,130,546
------------
------------
1,146,109
1,138,879
------------
------------
6. CREDITORS: amounts falling due after more than one year
26 Oct 22
28 Oct 21
£
£
Bank loans and overdrafts
32,381
41,667
--------
--------