REGISTERED NUMBER: |
Green Roots Property Limited |
Unaudited Financial Statements |
for the Year Ended 31st October 2024 |
REGISTERED NUMBER: |
Green Roots Property Limited |
Unaudited Financial Statements |
for the Year Ended 31st October 2024 |
Green Roots Property Limited (Registered number: SC713493) |
Contents of the Financial Statements |
for the year ended 31st October 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 3 | to | 5 |
Green Roots Property Limited |
Company Information |
for the year ended 31st October 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Academy House |
Shedden Park Road |
Kelso |
Roxburghshire |
TD5 7AL |
Green Roots Property Limited (Registered number: SC713493) |
Balance Sheet |
31st October 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Green Roots Property Limited (Registered number: SC713493) |
Notes to the Financial Statements |
for the year ended 31st October 2024 |
1. | Statutory information |
Green Roots Property Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Lettings are managed through a letting agent. Turnover represents the total invoice value, excluding value added tax, of lettings invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
Investment property |
The investment properties are included in the accounts at cost. The directors have considered the valuation at the year end and believe the cost value is an accurate representation. |
Financial instruments |
The following assets and liabilities are classified as financial instruments - accruals, other loans and directors' loans. |
Directors' loans (being repayable on demand), accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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. |
Green Roots Property Limited (Registered number: SC713493) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2024 |
2. | Accounting policies - continued |
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. |
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
Going concern |
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Tangible fixed assets |
Improvements |
to | Plant and |
property | machinery | Totals |
£ | £ | £ |
Cost |
At 1st November 2023 |
Additions |
At 31st October 2024 |
Depreciation |
Charge for year |
At 31st October 2024 |
Net book value |
At 31st October 2024 |
At 31st October 2023 |
Green Roots Property Limited (Registered number: SC713493) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2024 |
5. | Investment property |
Total |
£ |
Fair value |
At 1st November 2023 |
and 31st October 2024 |
Net book value |
At 31st October 2024 |
At 31st October 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other creditors |