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REGISTERED NUMBER: 07017699 (England and Wales)






















Financial Statements

for the Period

26 February 2023 to 2 March 2024

for

Green Dragon Fuels Limited

Previously known as
Phoenix Fuels and
Feeds Limited

Green Dragon Fuels Limited (Registered number: 07017699)
previously known as
Phoenix Fuels and
Feeds Limited






Contents of the Financial Statements
for the Period 26 February 2023 to 2 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Green Dragon Fuels Limited
previously known as
Phoenix Fuels and
Feeds Limited

Company Information
for the Period 26 February 2023 to 2 March 2024







DIRECTORS: J W Hammond
A E Hammond





SECRETARY: P A Thompson





REGISTERED OFFICE: New Farm
Mansfield Road
Redhill
Nottinghamshire
NG5 8PB





REGISTERED NUMBER: 07017699 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Green Dragon Fuels Limited (Registered number: 07017699)
previously known as
Phoenix Fuels and
Feeds Limited

Balance Sheet
2 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 47 21

CREDITORS
Amounts falling due within one year 5 431 451
NET CURRENT LIABILITIES (384 ) (430 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(384

)

(430

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (484 ) (530 )
SHAREHOLDERS' FUNDS (384 ) (430 )

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 17 September 2024 and were signed on its behalf by:





A E Hammond - Director


Green Dragon Fuels Limited (Registered number: 07017699)
previously known as
Phoenix Fuels and
Feeds Limited

Notes to the Financial Statements
for the Period 26 February 2023 to 2 March 2024

1. STATUTORY INFORMATION

Green Dragon Fuels 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.

The accounts have been prepared on the going concern basis due to the ongoing support from the parent company Grovetree Limited.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax recoverable - 21
Other debtors 47 -
47 21

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 421 441
Other creditors 10 10
431 451

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Green Dragon Fuels Limited (Registered number: 07017699)
previously known as
Phoenix Fuels and
Feeds Limited

Notes to the Financial Statements - continued
for the Period 26 February 2023 to 2 March 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

8. ULTIMATE CONTROLLING PARTY

The directors consider that the ultimate controlling party of this company is its parent company Grovetree Limited.

Grovetree Limited is the company's controlling related party by virtue of its ownership of the entire issued share capital of Green Dragon Fuels Limited. The ultimate controlling related parties of the company are the directors JW Hammond and AE Hammond by virtue of their respective shareholdings in Grovetree Limited.