Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3100No description of principal activity2023-01-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13406133 2023-01-01 2023-12-31 13406133 2022-05-01 2022-12-31 13406133 2023-12-31 13406133 2022-12-31 13406133 c:Director1 2023-01-01 2023-12-31 13406133 d:ComputerEquipment 2023-01-01 2023-12-31 13406133 d:ComputerEquipment 2023-12-31 13406133 d:ComputerEquipment 2022-12-31 13406133 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13406133 d:CurrentFinancialInstruments 2023-12-31 13406133 d:CurrentFinancialInstruments 2022-12-31 13406133 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13406133 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13406133 d:ShareCapital 2023-12-31 13406133 d:ShareCapital 2022-12-31 13406133 d:RetainedEarningsAccumulatedLosses 2023-12-31 13406133 d:RetainedEarningsAccumulatedLosses 2022-12-31 13406133 c:FRS102 2023-01-01 2023-12-31 13406133 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13406133 c:FullAccounts 2023-01-01 2023-12-31 13406133 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13406133










GLOBAL GREENERGY GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GLOBAL GREENERGY GROUP LIMITED
REGISTERED NUMBER: 13406133

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
942
-

  
942
-

Current assets
  

Debtors: amounts falling due within one year
 5 
169,520
177,710

Cash at bank and in hand
  
36,209
33,512

Creditors: amounts falling due within one year
 6 
(308,932)
(64,194)

Net current (liabilities)/assets
  
 
 
(103,203)
 
 
147,028

  

Net (liabilities)/assets
  
(102,261)
147,028


Capital and reserves
  

Called up share capital 
  
181,906
181,906

Profit and loss account
  
(284,167)
(34,878)

  
(102,261)
147,028


Page 1

 
GLOBAL GREENERGY GROUP LIMITED
REGISTERED NUMBER: 13406133
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 by: 






H Thanawala
Director

Date: 20 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GLOBAL GREENERGY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Global Greenergy Group Limited (13406133) is a private company limited by shares and incorporated in England & Wales. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end the company has net liabilites of £102,261. Assessing the ability of the company to operate as a going concern, management have evaluated future expected cashflows are sufficient to support the company. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
GLOBAL GREENERGY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

 
2.8

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.

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 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 receipts 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.

Page 4

 
GLOBAL GREENERGY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,208



At 31 December 2023

1,208



Depreciation


Charge for the year on owned assets
266



At 31 December 2023

266



Net book value



At 31 December 2023
942



At 31 December 2022
-

Page 5

 
GLOBAL GREENERGY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
609
4,072

Called up share capital not paid
168,911
173,155

Prepayments and accrued income
-
483

169,520
177,710



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
221,406
-

Other creditors
85,026
60,514

Accruals and deferred income
2,500
3,680

308,932
64,194


 
Page 6