Registered number
08508402
Little Greenwood Ltd
Filleted Accounts
30 April 2024
Little Greenwood Ltd
Registered number: 08508402
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 400,000 400,000
Current assets
Debtors 5 14,500 14,500
Cash at bank and in hand 303,727 291,319
318,227 305,819
Creditors: amounts falling due within one year 6 (44,057) (68,135)
Net current assets 274,170 237,684
Total assets less current liabilities 674,170 637,684
Creditors: amounts falling due after more than one year 7 - (35,500)
Net assets 674,170 602,184
Capital and reserves
Called up share capital 2 2
Profit and loss account 674,168 602,182
Shareholders' funds 674,170 602,184
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. R. M. Little, Esq.
Director
Approved by the board on 24 January 2025
Little Greenwood Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract, which is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Properyt renovations over 10 years on a straight-line basis.
Fixtures and fittings over 3 years on a straight-line basis.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 4,276
At 30 April 2024 4,276
Depreciation
At 1 May 2023 4,276
At 30 April 2024 4,276
Net book value
At 30 April 2024 -
4 Investments
Other
investments
£
Cost
At 1 May 2023 400,000
At 30 April 2024 400,000
5 Debtors 2024 2023
£ £
Trade debtors 14,500 14,500
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 21,594 29,486
Other creditors 22,463 38,649
44,057 68,135
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors' loans - 35,500
Included in creditors is £20,045 (2023: £72,103) owing to the directors, of which £0 (2023: £35,500 ) is a long-term loan from the director. . The loans are interest-free and there is no fixed date of repayment. The directors have confirmed that the loan will only be repaid as and when cash flow permits.
8 Related party transactions
The company rents offices owned by the director, Mrs J Little. Rent paid in the year was £30,000 (2023: £30,000).
9 Controlling party
The company is controlled by the directors who own the shares of the company equally.
10 Other information
Little Greenwood Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
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