REGISTERED NUMBER: |
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 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
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. |
for and on behalf of |
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. |