Registered Number:13048965 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Greenman Living Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Greenman Living Ltd
Statement of Financial Position
2022
2023
2
964,999
964,999
964,999
964,999
Trade and other receivables |
1,400
-
3
10,264
Cash and cash equivalents |
3,756
3,756
11,664
Trade and other payables: amounts falling due within one |
year |
(283,985)
(280,985)
4
(272,321)
(277,229)
Net current liabilities
Total assets less current liabilities |
687,770
692,678
Trade and other payables: amounts falling due after more |
than one year |
(679,020)
(679,020)
5
(4,132)
(4,132)
Provisions for liabilities |
4,618
Net assets
9,526
2
2
4,616
9,524
4,618
9,526
Shareholders' funds
For the year ended 30 November 2023 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 29 August 2024 and were signed by: |
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For the year ended 30 November 2023
Greenman Living Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 30 November 2023
Greenman Living Ltd
Notes to the Financial Statements
Statutory Information
Greenman Living Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 13048965. |
Unit H Willow House
Dragonfly Place
Brockley
London
SE4 2JE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets and to include investment properties at fair value. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for property rental.
Investment property
Investment property which is held to earn rentals and/or for capital appreciation, is initially recognised at cost, whichincludes purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at thereporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Going Concern
At 30 November 2023, the company had net current liabilities of £277,229 (2022: £272,321). The directors have |
considered the availability of working capital at 30 November 2023 together with the continued support from the |
company's shareholders and connected businesses, and is of the opinion that this will be sufficient to enable the |
company to continue operating for at least the 12 months from the date of signing these accounts, and pay its debts |
as they fall due. The directors have therefore concluded that the accounts should be prepared on a going concern |
basis |
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For the year ended 30 November 2023
Greenman Living Ltd
Notes to the Financial Statements Continued
964,999
964,999
964,999
964,999
Investment property comprises of three investment properties which are being rented out by the company. The directors have valued the three properties at £964,999 as at 30 November 2023. No depreciation is provided in respect of these properties. |
3. Trade and other receivables |
2022
2023
-
1,400
4. Trade and other payables: amounts falling due within one year |
2022
2023
280,985
283,985
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
679,020
679,020
Analysis of creditors falling due after more than five years: |
Payable otherwise than by instalments |
679,020
679,020
The balance in the profit and loss reserves of the company includes the sum of £17,614 representing the fair value |
gain on the investment properties less the potential deferred tax that would arise on the sale of those properties at |
their book value. Accordingly, this element of the company's reserves is not distributable. |
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For the year ended 30 November 2023
Greenman Living Ltd
Notes to the Financial Statements Continued
7. Related party transactions |
During the year the company was loaned £3,000 from related parties. The loans were provided interest free but are |
repayable on demand. The balance at the end of the year was £190,454 (2022:£187,454). This is shown in other |
creditors in note 5 of the accounts. |
8. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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