REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
for |
Greenacres Park Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
for |
Greenacres Park Ltd |
Greenacres Park Ltd (Registered number: 08583892) |
Contents of the Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Greenacres Park Ltd |
Company Information |
for the Period 1 April 2022 to 31 May 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Greenacres Park Ltd (Registered number: 08583892) |
Balance Sheet |
31 May 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 9 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
Greenacres Park Ltd (Registered number: 08583892) |
Balance Sheet - continued |
31 May 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Greenacres Park Ltd (Registered number: 08583892) |
Notes to the Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
1. | STATUTORY INFORMATION |
Greenacres Park Ltd is a |
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. |
Taxation |
Taxation for the period 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods and is recognised in respect of all timing differences; although with certain exceptions. Timing differences are differences between taxable profit and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits.Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on investment property (and other non-depreciable tangible fixed assets) is measured using the tax rates and allowances which will apply to the sale of the asset.Amounts of current and deferred tax are generally recognised in profit or loss, except when they relate to items which are recognised in other comprehensive income or directly in equity and in such cases the amounts are also recognised in other comprehensive or equity as the case may be. |
Estimated accounts |
The accounts are estimated and are subject to amendment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
Greenacres Park Ltd (Registered number: 08583892) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 May 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2022 |
Disposals | ( |
) |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 March 2022 |
5. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
Greenacres Park Ltd (Registered number: 08583892) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 May 2023 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank overdraft |
Clydesdale Bank PLC (Trading as both Clydesdale Bank and Yorkshire Bank) |
Charge registered 16th May 2016 |
Security |
Intellectual property rights and freehold land under title NT447051 known as Greenacres Grange Care Home, Wingfield Avenue, Worksop, S81 OTA. |
This charge was satisfied during the year ended 31st March 2023. |
9. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2022 |
Movement | (2,629,089 | ) |
At 31 May 2023 |
10. | ULTIMATE CONTROLLING PARTY |
There is no overall controlling party. |