REGISTERED NUMBER: |
GREENPOINT ESTATE LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023 |
REGISTERED NUMBER: |
GREENPOINT ESTATE LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023 |
GREENPOINT ESTATE LIMITED (REGISTERED NUMBER: 13834511) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 2 |
GREENPOINT ESTATE LIMITED (REGISTERED NUMBER: 13834511) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2023 |
Notes | £ |
Fixed assets |
Investment property | 4 |
Creditors |
Amounts falling due within one year | 5 | ( |
) |
Net current liabilities | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
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 |
GREENPOINT ESTATE LIMITED (REGISTERED NUMBER: 13834511) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023 |
1. | Statutory information |
Greenpoint Estate Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
The fair value of the investment property as at 31 March 2023 is based on a valuation carried out at that date by the director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location. In the directors opinion there was no material change in value as at 31 March 2023. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
GREENPOINT ESTATE LIMITED (REGISTERED NUMBER: 13834511) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023 |
3. | Employees and directors |
The average number of employees during the period was |
4. | Investment property |
Total |
£ |
Fair value |
Additions |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
5. | Creditors: amounts falling due within one year |
£ |
Taxation and social security |
Other creditors |
6. | Directors' advances, credits and guarantees |
Included in creditors amounts falling due within one year is a directors loan balance with Mr S Latif and Mrs K Latif. The balance owed to the directors at the end of the year was £6,726,178. The amount due to the directors is unsecured, interest free and payable on demand. |