Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.112023-07-01falseInvestment companytruetrue 05441450 2023-07-01 2024-06-30 05441450 2022-07-01 2023-06-30 05441450 2024-06-30 05441450 2023-06-30 05441450 c:Director1 2023-07-01 2024-06-30 05441450 d:CurrentFinancialInstruments 2024-06-30 05441450 d:CurrentFinancialInstruments 2023-06-30 05441450 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05441450 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05441450 d:ShareCapital 2024-06-30 05441450 d:ShareCapital 2023-06-30 05441450 d:RetainedEarningsAccumulatedLosses 2024-06-30 05441450 d:RetainedEarningsAccumulatedLosses 2023-06-30 05441450 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05441450 c:OrdinaryShareClass1 2024-06-30 05441450 c:OrdinaryShareClass1 2023-06-30 05441450 c:FRS102 2023-07-01 2024-06-30 05441450 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05441450 c:FullAccounts 2023-07-01 2024-06-30 05441450 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05441450 6 2023-07-01 2024-06-30 05441450 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05441450










GREENLANDS FINANCE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
GREENLANDS FINANCE LIMITED
REGISTERED NUMBER: 05441450

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
7,000
7,000

  
7,000
7,000

  

Creditors: amounts falling due within one year
 6 
(9,530)
(9,263)

Net current liabilities
  
 
 
(9,530)
 
 
(9,263)

Total assets less current liabilities
  
(2,530)
(2,263)

  

Net liabilities
  
(2,530)
(2,263)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(2,531)
(2,264)

  
(2,530)
(2,263)


Page 1

 
GREENLANDS FINANCE LIMITED
REGISTERED NUMBER: 05441450
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.




J R Williams
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GREENLANDS FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Greenlands Finance Ltd, 05441450, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Unit 1 Cefn Llan Science Park, Aberystwyth, Ceredigion, SY23 3AH.
The principal activity of the company is that of investment holding.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis and assumes the continued support of the director and his related companies.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

Creditors

Short-term 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.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the
Page 3

 
GREENLANDS FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the Directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year


4.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
GREENLANDS FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2023
7,000



At 30 June 2024
7,000





6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
9,032
8,783

Accruals and deferred income
498
480

9,530
9,263



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 5