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REGISTERED NUMBER: 03860084 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GREENSIDE GROUP LIMITED

GREENSIDE GROUP LIMITED (REGISTERED NUMBER: 03860084)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GREENSIDE GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: P Bailey
M Bailey
C Bailey





SECRETARY: M Bailey





REGISTERED OFFICE: The Stables
Sidebottom Fold Farm
Sidebottom Fold
Stalybridge
Cheshire
SK15 3QZ





REGISTERED NUMBER: 03860084 (England and Wales)





ACCOUNTANTS: Moss & Williamson Limited
Chartered Accountants
Booth Street Chambers
Ashton-under-Lyne
Lancashire
OL6 7LQ

GREENSIDE GROUP LIMITED (REGISTERED NUMBER: 03860084)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,984 6,224
Investment property 5 1,600,000 1,600,000
1,605,984 1,606,224

CURRENT ASSETS
Debtors 139,682 4,054
Cash at bank 87,836 289,337
227,518 293,391
CREDITORS
Amounts falling due within one year 46,233 92,931
NET CURRENT ASSETS 181,285 200,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,787,269

1,806,684

CREDITORS
Amounts falling due after more than one
year

45,728

47,421
NET ASSETS 1,741,541 1,759,263

CAPITAL AND RESERVES
Called up share capital 8,080 8,080
Fair value reserve 400,724 400,724
Retained earnings 1,332,737 1,350,459
SHAREHOLDERS' FUNDS 1,741,541 1,759,263

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GREENSIDE GROUP LIMITED (REGISTERED NUMBER: 03860084)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:




P Bailey - Director



M Bailey - Director


GREENSIDE GROUP LIMITED (REGISTERED NUMBER: 03860084)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Greenside 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.

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
Turnover represents rents received and management charges for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5%-25% on cost

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 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.

Government grants
Government grants on capital expenditure are credited to a deferral account and are released to revenue over the expected useful life of the relevant asset by equal annual instalments. Grants of a revenue nature are credited to income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

GREENSIDE GROUP LIMITED (REGISTERED NUMBER: 03860084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 14,137
Additions 570
At 31 March 2024 14,707
DEPRECIATION
At 1 April 2023 7,913
Charge for year 810
At 31 March 2024 8,723
NET BOOK VALUE
At 31 March 2024 5,984
At 31 March 2023 6,224

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,600,000
NET BOOK VALUE
At 31 March 2024 1,600,000
At 31 March 2023 1,600,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,600,000

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Directors' current account - 58,548

The directors' current account is secured by a legal charge over the company's investment properties.

GREENSIDE GROUP LIMITED (REGISTERED NUMBER: 03860084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P Bailey and M Bailey
Balance outstanding at start of year (58,548 ) (38,067 )
Amounts advanced 189,770 -
Amounts repaid (19,148 ) (20,481 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,074 (58,548 )

Interest at the rate of 2.25% has been charged on the balance outstanding.