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REGISTERED NUMBER: 00836864 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

GREENBANK GROUP LIMITED

GREENBANK GROUP LIMITED (REGISTERED NUMBER: 00836864)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREENBANK GROUP LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: C J Baybutt
J Melling
M Baybutt





Registered office: Greenbank House
152 Wigan Lane
Wigan
Lancashire
WN1 2LA





Registered number: 00836864 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

GREENBANK GROUP LIMITED (REGISTERED NUMBER: 00836864)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 146 172
Investments 5 1,050 1,050
Investment property 6 160,000 160,000
161,196 161,222

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 7 3,078 4,264
Cash at bank 906,079 910,330
924,157 929,594
CREDITORS
Amounts falling due within one year 8 49,672 34,806
NET CURRENT ASSETS 874,485 894,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035,681

1,056,010

CAPITAL AND RESERVES
Called up share capital 9 425 425
Retained earnings 1,035,256 1,055,585
SHAREHOLDERS' FUNDS 1,035,681 1,056,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





M Baybutt - Director


GREENBANK GROUP LIMITED (REGISTERED NUMBER: 00836864)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Greenbank Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company has taken advantage of the exemptions, as a small group, provided by the Companies Act 2006 not to prepare group accounts. The financial statements therefore present information about the company as an individual undertaking and not about its group.

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 as modified by the revaluation of certain assets.

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 group companies.

Turnover
Turnover represents the total invoice value, excluding value added tax, of rental sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment - 15% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in the income statement. Properties are valued on an open market basis by Mr C J Baybutt (FRICS), a director of the company supported by external professional valuations.

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of any deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Short term debtors and creditors receivable
Short term debtors and creditors with no stated interest rate are recorded at the transaction price. Any losses arising from impairment are recognised in the income statement.

GREENBANK GROUP LIMITED (REGISTERED NUMBER: 00836864)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 24,688
DEPRECIATION
At 1 January 2023 24,516
Charge for year 26
At 31 December 2023 24,542
NET BOOK VALUE
At 31 December 2023 146
At 31 December 2022 172

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,050
NET BOOK VALUE
At 31 December 2023 1,050
At 31 December 2022 1,050

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 160,000
NET BOOK VALUE
At 31 December 2023 160,000
At 31 December 2022 160,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2013 160,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 220,245 220,245

The investment properties were valued on a fair value basis on 31 December 2013 by Healy Simpson Limited .

GREENBANK GROUP LIMITED (REGISTERED NUMBER: 00836864)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. INVESTMENT PROPERTY - continued

In the opinion of the directors, the fair value for the existing use of the company's investment properties at 31 December 2023 is not materially different from the book value as stated in these financial statements.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 908 908
Amounts owed by group undertakings - 1,537
Other debtors 2,170 1,819
3,078 4,264

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,890 2,025
Amounts owed to group undertakings 33,631 17,413
Other creditors 12,151 15,368
49,672 34,806

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
425 Ordinary £1 425 425

10. RELATED PARTY DISCLOSURES

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 group companies.

11. ULTIMATE CONTROLLING PARTY

As shareholders of Greenbank Group Holdings Limited the Trustees of the Baybutt Family Trusts have a controlling interest in the company.