Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311false2023-04-010trueNo description of principal activityfalsetrue 04650778 2023-04-01 2024-03-31 04650778 2022-04-01 2023-03-31 04650778 2024-03-31 04650778 2023-03-31 04650778 c:Director1 2023-04-01 2024-03-31 04650778 d:ComputerEquipment 2023-04-01 2024-03-31 04650778 d:ComputerEquipment 2024-03-31 04650778 d:ComputerEquipment 2023-03-31 04650778 d:CurrentFinancialInstruments 2024-03-31 04650778 d:CurrentFinancialInstruments 2023-03-31 04650778 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04650778 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04650778 d:ShareCapital 2024-03-31 04650778 d:ShareCapital 2023-03-31 04650778 d:RetainedEarningsAccumulatedLosses 2024-03-31 04650778 d:RetainedEarningsAccumulatedLosses 2023-03-31 04650778 c:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 04650778 c:FRS102 2023-04-01 2024-03-31 04650778 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04650778 c:FullAccounts 2023-04-01 2024-03-31 04650778 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04650778 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04650778









GREENFINCHES PROPERTY DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GREENFINCHES PROPERTY DEVELOPMENTS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
GREENFINCHES PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 04650778

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
-
2,638

  
-
2,638

  

Creditors: amounts falling due within one year
 4 
(150,279)
(150,279)

Net current liabilities
  
 
 
(150,279)
 
 
(150,279)

Total assets less current liabilities
  
(150,279)
(147,641)

  

Net liabilities
  
(150,279)
(147,641)

Page 1

 
GREENFINCHES PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 04650778
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(150,280)
(147,642)

  
(150,279)
(147,641)


For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 November 2024.




C A Lines
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GREENFINCHES PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Greenfinches Property DevelopmentsLimited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registered number 04650778 , The address of the registered office is 71 Ramsgate Road, Margate, Kent, CT9 5SA. The principal activity of the company is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 
2.2

Going concern

The company had net liabilities at the year end of £150,279. The director has considered the future trading conditions of the company and believes adequate resources are in place to enable the company to continue. In particular the company’s reliant on the director and other connected entities. On this basis, the director has prepared the accounts on a going concern basis and has not made any adjustments which would be necessary if the going concern basis was not applicable.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
GREENFINCHES PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 



If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 4

 
GREENFINCHES PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Tangible fixed assets





Computer equipment

£





At 1 April 2023
8,487


Disposals
(8,487)



At 31 March 2024

-





At 1 April 2023
5,849


Disposals
(5,849)



At 31 March 2024

-



Net book value



At 31 March 2024
-



At 31 March 2023
2,638

Page 5

 
GREENFINCHES PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
150,279
150,279

150,279
150,279



5.


Related party transactions

During the year, the company loaned/ received working capital loans and paid expenses on behalf of entities under common control.
At the year-end the following amounts were due from/(to) the related parties

2024
2023
        £
        £
Other related parties

(150,279)

(150,279)
 


6.


Controlling party

The ultimate controlling party is G Drummond due to her majority shareholding.

Page 6