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REGISTERED NUMBER: 08901541 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

GREEN RIVER PORTFOLIO LIMITED

GREEN RIVER PORTFOLIO LIMITED (REGISTERED NUMBER: 08901541)

Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN RIVER PORTFOLIO LIMITED

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr Numan Ibrahim
Mrs Kaywana Ibrahim





REGISTERED OFFICE: Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 08901541 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

GREEN RIVER PORTFOLIO LIMITED (REGISTERED NUMBER: 08901541)

Balance Sheet
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,883 13,263
Investment property 5 11,195,000 11,195,000
11,241,883 11,208,263

CURRENT ASSETS
Debtors 6 6,547 -
Cash at bank 118,019 115,772
124,566 115,772
CREDITORS
Amounts falling due within one year 7 82,871 55,572
NET CURRENT ASSETS 41,695 60,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,283,578

11,268,463

CREDITORS
Amounts falling due after more than one
year

8

(4,773,829

)

(4,846,035

)

PROVISIONS FOR LIABILITIES 10 (201,565 ) (196,697 )
NET ASSETS 6,308,184 6,225,731

CAPITAL AND RESERVES
Called up share capital 11 5,001,000 5,001,000
Revaluation reserve 12 988,405 988,405
Retained earnings 12 318,779 236,326
SHAREHOLDERS' FUNDS 6,308,184 6,225,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 RIVER PORTFOLIO LIMITED (REGISTERED NUMBER: 08901541)

Balance Sheet - continued
29 FEBRUARY 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 27 November 2024 and were signed on its behalf by:





Mr Numan Ibrahim - Director


GREEN RIVER PORTFOLIO LIMITED (REGISTERED NUMBER: 08901541)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Green River Portfolio 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.

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.
The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover
Turnover represents the total income value for the year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 RIVER PORTFOLIO LIMITED (REGISTERED NUMBER: 08901541)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 14,500 2,079 16,579
Additions 45,340 - 45,340
At 29 February 2024 59,840 2,079 61,919
DEPRECIATION
At 1 March 2023 2,900 416 3,316
Charge for year 11,388 332 11,720
At 29 February 2024 14,288 748 15,036
NET BOOK VALUE
At 29 February 2024 45,552 1,331 46,883
At 28 February 2023 11,600 1,663 13,263

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 11,195,000
NET BOOK VALUE
At 29 February 2024 11,195,000
At 28 February 2023 11,195,000

6. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Other debtors 6,468 -

Amounts falling due after more than one year:
Other debtors 79 -

Aggregate amounts 6,547 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 29,911 5,298
Other creditors 52,960 50,274
82,871 55,572

GREEN RIVER PORTFOLIO LIMITED (REGISTERED NUMBER: 08901541)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 14,978 21,141
Other creditors 4,758,851 4,824,894
4,773,829 4,846,035

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 4,758,851 4,800,000

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 14,978 21,141

10. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 201,565 196,697

Deferred
tax
£   
Balance at 1 March 2023 196,697
Charge to Profit & Loss Account during year 4,868
Balance at 29 February 2024 201,565

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
5,001,000 Ordinary £1 5,001,000 5,001,000

GREEN RIVER PORTFOLIO LIMITED (REGISTERED NUMBER: 08901541)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2023 236,326 988,405 1,224,731
Profit for the year 127,253 127,253
Dividends (44,800 ) (44,800 )
At 29 February 2024 318,779 988,405 1,307,184