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REGISTERED NUMBER: 02180951 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GREEN DEVELOPMENTS LIMITED

GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: S J George





SECRETARY: A J George





REGISTERED OFFICE: Mulberry House
Chelmsford Road
High Ongar
Essex
CM5 9NL





REGISTERED NUMBER: 02180951 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 959,585 943,579
Investments 5 17,650 -
977,235 943,579

CURRENT ASSETS
Debtors 6 1,623 -
Cash at bank 16,489 33,584
18,112 33,584
CREDITORS
Amounts falling due within one year 7 124,890 160,657
NET CURRENT LIABILITIES (106,778 ) (127,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

870,457

816,506

CREDITORS
Amounts falling due after more than
one year

8

16,552

-
NET ASSETS 853,905 816,506

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 377,756 377,756
Revaluation reserve 9 - 83,993
Retained earnings 475,149 353,757
SHAREHOLDERS' FUNDS 853,905 816,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

BALANCE SHEET - continued
31ST MARCH 2024


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 director and authorised for issue on 30th September 2024 and were signed by:





S J George - Director


GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Green Developments 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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 1,319,625 147,778 6,922 - 1,474,325
Additions - - - 62,558 62,558
At 31st March 2024 1,319,625 147,778 6,922 62,558 1,536,883
DEPRECIATION
At 1st April 2023 417,870 105,993 6,883 - 530,746
Charge for year 25,670 10,446 10 10,426 46,552
At 31st March 2024 443,540 116,439 6,893 10,426 577,298
NET BOOK VALUE
At 31st March 2024 876,085 31,339 29 52,132 959,585
At 31st March 2023 901,755 41,785 39 - 943,579

Included within freehold property is land valued at £36,100 (2023 £36,100) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Revaluations 17,650
At 31st March 2024 17,650
NET BOOK VALUE
At 31st March 2024 17,650

Cost or valuation at 31st March 2024 is represented by:

Other
investments
£   
Valuation in 2023 17,650

The company holds shares in Genus plc, which were acquired at nil cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 1,623 -

GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02180951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,606 -
Trade creditors 1,247 2,139
Amounts owed to participating interests 67,349 136,598
Taxation 131 -
VAT 4,344 2,897
Other creditors 3,167 -
Directors' current accounts 38,000 6,512
Deferred income 3,296 10,761
Accrued expenses 1,750 1,750
124,890 160,657

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 16,552 -

9. RESERVES
Revaluation
reserve
£   
At 1st April 2023 83,993
Transfer (83,993 )

At 31st March 2024 -

10. RELATED PARTY DISCLOSURES

Other creditors includes an amount of £2,656 (2023 £Nil) owed to a company that is controlled by R J George.

Also included in other creditors is an amount of £511 (2023 £Nil) owed to a trust where the directors are trustees.

During the year the company paid consultancy fees to a company director amounting to £19,656 (2023 £16,254).