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REGISTERED NUMBER: 09378212 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Green Street Property
Development Limited

Green Street Property
Development Limited (Registered number: 09378212)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Green Street Property
Development Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J R Mickelburgh
Mrs J A Mickelburgh





REGISTERED OFFICE: Barton Cottage
Hall Road
Irstead
Norfolk
NR12 8XP





REGISTERED NUMBER: 09378212 (England and Wales)





ACCOUNTANTS: Webb Teasdale Accountancy Ltd
Boston House
Grove Business Park
Downsview Road
Wantage
Oxfordshire
OX12 9FF

Green Street Property
Development Limited (Registered number: 09378212)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,192 3,339
Investment property 5 345,815 350,228
348,007 353,567

CURRENT ASSETS
Debtors 6 1,819 222
Cash at bank 150 1,209
1,969 1,431
CREDITORS
Amounts falling due within one year 7 8,537 6,206
NET CURRENT LIABILITIES (6,568 ) (4,775 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,439

348,792

CREDITORS
Amounts falling due after more than one
year

8

(134,632

)

(140,246

)

PROVISIONS FOR LIABILITIES (25,602 ) (26,658 )
NET ASSETS 181,205 181,888

CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium 10 59,999 59,999
Non distributable reserve 10 107,371 110,946
Retained earnings 10 13,834 10,942
SHAREHOLDERS' FUNDS 181,205 181,888

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

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

Green Street Property
Development Limited (Registered number: 09378212)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mrs J A Mickelburgh - Director


Green Street Property
Development Limited (Registered number: 09378212)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Green Street Property Development 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 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Green Street Property
Development Limited (Registered number: 09378212)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 7,646 8,094 15,740
DEPRECIATION
At 1 February 2023 5,965 6,436 12,401
Charge for year 336 811 1,147
At 31 January 2024 6,301 7,247 13,548
NET BOOK VALUE
At 31 January 2024 1,345 847 2,192
At 31 January 2023 1,681 1,658 3,339

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 350,228
Revaluations (4,413 )
At 31 January 2024 345,815
NET BOOK VALUE
At 31 January 2024 345,815
At 31 January 2023 350,228

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2016 36,742
Valuation in 2018 35,000
Valuation in 2020 20,000
Valuation in 2021 40,000
Valuation in 2023 5,228
Valuation in 2024 (4,413 )
Cost 213,258
345,815

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,819 222

Green Street Property
Development Limited (Registered number: 09378212)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,878 840
Taxation and social security 882 -
Other creditors 4,777 5,366
8,537 6,206

Within other creditors is an amount owed o the Directors of £3,741.96.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 134,632 140,246

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £0.33 1 1

10. RESERVES
Non
Retained Share distributable
earnings premium reserve Totals
£    £    £    £   

At 1 February 2023 10,942 59,999 110,946 181,887
Deficit for the year (683 ) (683 )
Fair value revaluation 3,575 - (3,575 ) -
At 31 January 2024 13,834 59,999 107,371 181,204

11. RELATED PARTY DISCLOSURES

A loan of £170,000 has been provided at market rates of interest by EC Landamore & Co Ltd, a shareholder of this company. The value of the loan at 31st January 2024 was £134,632.