REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
for |
Green 4 Developments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
for |
Green 4 Developments Limited |
Green 4 Developments Limited (Registered number: 08645152) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Green 4 Developments Limited |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Pinnacle House |
1 Pinnacle Way |
Derby |
Derbyshire |
DE24 8ZS |
Green 4 Developments Limited (Registered number: 08645152) |
Balance Sheet |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
PROVISIONS FOR LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Share premium |
Non-distributable reserve | 11 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
4,743,460 | 4,723,621 |
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. |
Green 4 Developments Limited (Registered number: 08645152) |
Balance Sheet - continued |
30 April 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Green 4 Developments Limited (Registered number: 08645152) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Green 4 Developments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition and work in progress |
In accordance with FRS 102, revenue represents amounts chargeable to clients for professional services provided during the year, net of any sales tax. Services to clients, which at the balance sheet date have not been billed, have been recognised as revenue. Revenue is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in the market value is recognised in the profit and loss account. |
A transfer is made from retained earnings to the non-distributable reserve for the amount of any market value surplus or deficit net of deferred tax provided. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Green 4 Developments Limited (Registered number: 08645152) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2023 |
Disposals | ( |
) |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Green 4 Developments Limited (Registered number: 08645152) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2023 |
Additions |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Fair value at 30 April 2024 is represented by: |
£ |
Valuation in 2024 | 2,656,160 |
Cost | 1,111,068 |
3,767,228 |
If investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 1,111,068 | 1,105,043 |
Investment property was valued on an open market basis on 30 April 2024 by the directors . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
VAT |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
VAT | - | 35,731 |
Other creditors |
Accruals and deferred income |
Green 4 Developments Limited (Registered number: 08645152) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Directors' loan accounts | 2,526,521 | 2,134,523 |
The directors loan accounts represent long term funding and will continue for as long as necessary until the expected levels of profitability are realised. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary 1p | 1p | 1,341 | 1,341 |
Ordinary B 1p | 1p | 42 | 42 |
1,383 | 1,383 |
11. | RESERVES |
Non-distribut |
reserve |
£ |
At 1 May 2023 |
and 30 April 2024 |
Green 4 Developments Limited (Registered number: 08645152) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
12. | CONSOLIDATED BALANCE SHEET |
2024 | 2023 |
£ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 140,674 | 168,450 |
Investments | - | - |
Investment property | 5,767,228 | 5,761,203 |
5,907,902 | 5,929,653 |
CURRENT ASSETS |
Work in progress | 850,000 | 600,000 |
Debtors | 23,657 | 284,601 |
Cash at bank and in hand | 51,237 | 25,521 |
924,894 | 910,122 |
CREDITORS |
Amounts falling due within one year | 90,315 | 117,091 |
NET CURRENT LIABILITIES | 834,579 | 793,031 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
6,742,481 |
6,722,684 |
CREDITORS |
Amounts falling due after more than one year |
2,686,906 |
2,301,820 |
PROVISIONS FOR LIABILITIES | 936,677 | 934,108 |
CAPITAL AND RESERVES |
Called up share capital | 1,383 | 1,383 |
Share premium | 552,895 | 552,895 |
Non distributable reserve | 3,608,963 | 3,608,963 |
Retained earnings | (1,044,343 | ) | (676,485 | ) |
SHAREHOLDERS' FUNDS | 3,118,898 | 3,486,756 |
6,742,481 | 6,722,684 |
Although not required to be filed due to the exemption available as a small group, the directors have included the above consolidated balance sheet as an additional voluntary disclosure for the group, of which Green 4 Developments Limited is the ultimate parent company. |