COMPANY REGISTRATION NUMBER:
08971373
All Greens London Limited |
|
Filleted Financial Statements |
|
All Greens London Limited |
|
Statement of Financial Position |
|
31 May 2024
Fixed assets
Investments |
4 |
|
1,150,000 |
1,146,633 |
|
|
|
|
|
Current assets
Debtors |
5 |
373,983 |
|
439,923 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
360,555 |
|
881,564 |
|
--------- |
|
--------- |
Net current assets/(liabilities) |
|
13,428 |
(
441,641) |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
1,163,428 |
704,992 |
|
|
------------ |
--------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
1,163,328 |
704,892 |
|
|
------------ |
--------- |
Shareholders funds |
|
1,163,428 |
704,992 |
|
|
------------ |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
20 February 2025
, and are signed on behalf of the board by:
Company registration number:
08971373
All Greens London Limited |
|
Notes to the Financial Statements |
|
Year ended 31 May 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 June 2023 |
1,151,133 |
Disposals |
(
1,133) |
|
------------ |
At 31 May 2024 |
1,150,000 |
|
------------ |
Impairment |
|
At 1 June 2023 |
4,500 |
Reversal of impairment losses |
(
4,500) |
|
------------ |
At 31 May 2024 |
– |
|
------------ |
|
|
Carrying amount |
|
At 31 May 2024 |
1,150,000 |
|
------------ |
At 31 May 2023 |
1,146,633 |
|
------------ |
|
|
The above investments relate to the 100% shareholding in Panzer (Delicatessen) Limited. During the year, the company disposed of its 100% shareholdings in Clifton Greens London Limited and Newington Green London Ltd.
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
373,983 |
439,923 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
360,555 |
881,564 |
|
--------- |
--------- |
|
|
|
7.
Summary audit opinion
The auditor's report dated
20 February 2025
was
unqualified
.
The senior statutory auditor was
Colin Reid
, for and on behalf of
Burgess Hodgson LLP
.
8.
Related party transactions
The company has not disclosed transactions with other companies in same group as consolidated accounts are prepared by the ultimate holding company, All Greens Holdings Limited.
9.
Controlling party
The company is a subsidiary of All Greens Holdings Limited which at 31 May 2021 was the ultimate parent company incorporated in the United Kingdom. The results of the company are consolidated in the group headed by
All Greens Holdings Limited
. The registered office of All Greens Holdings Limited is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN
.