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REGISTERED NUMBER: 07230919 (England and Wales)










UNDERGREEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






UNDERGREEN LIMITED (REGISTERED NUMBER: 07230919)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UNDERGREEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R W B Cowling





REGISTERED OFFICE: 69-71 East Street
Epsom
Surrey
KT17 1BP





REGISTERED NUMBER: 07230919 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

UNDERGREEN LIMITED (REGISTERED NUMBER: 07230919)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Debtors 4 34,228 39,028
Cash at bank 1,876 2,111
36,104 41,139
CREDITORS
Amounts falling due within one year 5 19,464 25,432
NET CURRENT ASSETS 16,640 15,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,640

15,707

CREDITORS
Amounts falling due after more than one
year

6

12,991

15,547
NET ASSETS 3,649 160

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,549 60
SHAREHOLDERS' FUNDS 3,649 160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:



R W B Cowling - Director


UNDERGREEN LIMITED (REGISTERED NUMBER: 07230919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Undergreen 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates and VAT. The following criteria must be also be met before revenue is recognised:

Consultancy
Revenue from consultancy is recognised as the company becomes entitled to consideration for the services supplied. Therefore income includes the element of work completed but not yet invoiced.

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.

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 NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 34,228 39,028

UNDERGREEN LIMITED (REGISTERED NUMBER: 07230919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,556 2,556
Taxation and social security 11,321 20,885
Other creditors 5,587 1,991
19,464 25,432

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,991 15,547

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
R W B Cowling
Balance outstanding at start of year 12,700 12,700
Amounts repaid (12,700 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 12,700

8. RELATED PARTY DISCLOSURES

Included in other debtors are the following amounts owed by the respective companies:

£   
Worth House Properties Limited 26,100.00
Peerland Homes Limited 2,400.00

All of these companies are under the common control of Mr R Cowling.

Included in other creditors, an amount of £1,060.00 is owed by Undergreen Limited to Northfield Development Consultants Limited which is under the common control of Mr R Cowling.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R W B Cowling.