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Courtney Green Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

Registration number: 6982015

 

Courtney Green Ltd

Contents

Statement of financial position

1 to 2

Notes to the Financial Statements

3 to 9

 

Courtney Green Ltd

(Registration number: 6982015)
Statement of financial position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

27,152

39,508

Investments

7

36,847

36,847

 

63,999

76,355

Current assets

 

Debtors

8

105,454

67,808

Cash at bank and in hand

 

394,166

352,008

 

499,620

419,816

Creditors: Amounts falling due within one year

9

(404,698)

(354,940)

Net current assets

 

94,922

64,876

Total assets less current liabilities

 

158,921

141,231

Provisions for liabilities

(648)

(1,137)

Net assets

 

158,273

140,094

Capital and reserves

 

Called up share capital

10

1,000

1,000

Retained earnings

157,273

139,094

Shareholders' funds

 

158,273

140,094

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Courtney Green Ltd

(Registration number: 6982015)
Statement of financial position as at 30 September 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

.........................................
Mr N J Courtney
Director

 

Courtney Green Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
25 Carfax
Horsham
West Sussex
RH12 1EE

These financial statements were authorised for issue by the Board on 14 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Courtney Green Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long leasehold property

Straight line over the life of the lease

Plant and machinery

25% Reducing balance

Fittings fixtures and equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years

 

Courtney Green Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 20).

 

Courtney Green Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

12,356

14,456

Income from shares in group undertakings

(30,100)

(38,500)

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

700,000

700,000

At 30 September 2024

700,000

700,000

Amortisation

At 1 October 2023

700,000

700,000

At 30 September 2024

700,000

700,000

Carrying amount

At 30 September 2024

-

-

 

Courtney Green Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

6

Tangible assets

Long leasehold property
£

Fixtures, fittings and equipment
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

51,060

20,058

79,742

17,868

168,728

At 30 September 2024

51,060

20,058

79,742

17,868

168,728

Depreciation

At 1 October 2023

39,601

15,171

66,631

7,817

129,220

Charge for the year

5,106

1,254

3,483

2,513

12,356

At 30 September 2024

44,707

16,425

70,114

10,330

141,576

Carrying amount

At 30 September 2024

6,353

3,633

9,628

7,538

27,152

At 30 September 2023

11,459

4,887

13,111

10,051

39,508

 

Courtney Green Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

7

Investments

2024
£

2023
£

Investments in subsidiaries

36,847

36,847

Subsidiaries

£

Cost or valuation

At 1 October 2023

36,847

Provision

Carrying amount

At 30 September 2024

36,847

At 30 September 2023

36,847

8

Debtors

Current

2024
£

2023
£

Trade debtors

6,840

3,960

Prepayments

17,618

17,223

Other debtors

80,996

46,625

 

105,454

67,808

 

Courtney Green Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

9

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

167,407

87,609

Accruals and deferred income

26,750

26,300

Other creditors

210,541

241,031

404,698

354,940

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £175,913 (2023 - £242,506).