0
01/01/2023
31/12/2023
2023-12-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2023-01-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
3792434
2023-01-01
2023-12-31
3792434
2023-12-31
3792434
2022-12-31
3792434
2022-01-01
2022-12-31
3792434
2022-12-31
3792434
2021-12-31
3792434
core:NetGoodwill
2023-01-01
2023-12-31
3792434
bus:OrdinaryShareClass1
2023-01-01
2023-12-31
3792434
bus:Director1
2023-01-01
2023-12-31
3792434
core:IntangibleAssetsOtherThanGoodwill
2022-12-31
3792434
core:NetGoodwill
2023-12-31
3792434
core:IntangibleAssetsOtherThanGoodwill
2023-12-31
3792434
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
3792434
core:FurnitureFittingsToolsEquipment
2022-12-31
3792434
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
3792434
core:FurnitureFittingsToolsEquipment
2023-12-31
3792434
core:WithinOneYear
2023-12-31
3792434
core:WithinOneYear
2022-12-31
3792434
core:IntangibleAssetsOtherThanGoodwill
2023-01-01
2023-12-31
3792434
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-01
2023-12-31
3792434
core:FurnitureFittingsToolsEquipment
2023-01-01
2023-12-31
3792434
core:ShareCapital
2023-12-31
3792434
core:ShareCapital
2022-12-31
3792434
core:SharePremium
2023-12-31
3792434
core:RevaluationReserve
2023-12-31
3792434
core:RevaluationReserve
2022-12-31
3792434
core:RetainedEarningsAccumulatedLosses
2023-12-31
3792434
core:RetainedEarningsAccumulatedLosses
2022-12-31
3792434
bus:OrdinaryShareClass1
core:ShareCapital
2023-12-31
3792434
bus:OrdinaryShareClass1
core:ShareCapital
2022-12-31
3792434
core:IntangibleAssetsOtherThanGoodwill
2022-12-31
3792434
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
3792434
core:FurnitureFittingsToolsEquipment
2022-12-31
3792434
bus:SmallEntities
2023-01-01
2023-12-31
3792434
bus:AuditExempt-NoAccountantsReport
2023-01-01
2023-12-31
3792434
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
3792434
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
3792434
bus:FullAccounts
2023-01-01
2023-12-31
3792434
bus:OrdinaryShareClass1
2022-01-01
2022-12-31
3792434
core:MotorVehicles
2023-01-01
2023-12-31
REGISTRAR
Company registration number:
3792434
Greenblaze Limited
Unaudited filleted financial statements
31 December 2023
Greenblaze Limited
Contents
Statement of financial position
Notes to the financial statements
Greenblaze Limited
Statement of financial position
31 December 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
4 |
5,011,237 |
|
|
|
6,509 |
|
|
Tangible assets |
|
5 |
10,169,604 |
|
|
|
22,952,828 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
15,180,841 |
|
|
|
22,959,337 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
43,160 |
|
|
|
42,121 |
|
|
Debtors |
|
6 |
440,467 |
|
|
|
311,030 |
|
|
Cash at bank and in hand |
|
|
190,561 |
|
|
|
3,428 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
674,188 |
|
|
|
356,579 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
2,831,578) |
|
|
|
(
6,035,357) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
2,157,390) |
|
|
|
(
5,678,778) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
13,023,451 |
|
|
|
17,280,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
13,023,451 |
|
|
|
17,280,559 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
8 |
|
|
137 |
|
|
|
100 |
Share premium account |
|
|
|
|
4,047,590 |
|
|
|
- |
Revaluation reserve |
|
|
|
|
14,249,395 |
|
|
|
22,000,000 |
Profit and loss account |
|
|
|
|
(
5,273,671) |
|
|
|
(
4,719,541) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
13,023,451 |
|
|
|
17,280,559 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2023 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 February 2025
, and are signed on behalf of the board by:
Anupam Kishor Gupta
Director
Company registration number:
3792434
Greenblaze Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10th Floor, 240 Blackfriars Road, London, SE1 8NW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Going Concern
The financial statements have been prepared on the going concern basis, which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the shareholders. If the company were unable to continue to trade adjustments would have to be made to reduce the value of the assets to their recoverable amount to provide for any further liabilities that might arise and to reclassify fixed assets as current.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
Combined other intangible assets |
- |
Between 1 and 5 years |
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
Between 7 and 20 years |
|
|
Fittings fixtures and equipment |
- |
Between 3 and 10 years |
|
|
Motor vehicles |
- |
Between 3 and 8 years |
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets. 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 are 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and 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.
Loan and borrowings
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 financing transaction it is measured at present value.
4.
Intangible assets
|
|
Goodwill |
Other intangible assets |
Total |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Cost or valuation |
|
|
|
|
|
|
|
At 1 January 2023 |
- |
25,512 |
25,512 |
|
|
|
|
Additions |
5,000,000 |
10,149 |
5,010,149 |
|
|
|
|
Excahnge Rate Revaluations |
- |
4,360 |
4,360 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 December 2023 |
5,000,000 |
40,021 |
5,040,021 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 January 2023 |
- |
19,003 |
19,003 |
|
|
|
|
Charge for the year |
- |
5,293 |
5,293 |
|
|
|
|
Disposals |
- |
4,488 |
4,488 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 December 2023 |
- |
28,784 |
28,784 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 December 2023 |
5,000,000 |
11,237 |
5,011,237 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 December 2022 |
- |
6,509 |
6,509 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
5.
Tangible assets
|
|
Freehold property |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost or valuation |
|
|
|
|
|
|
|
|
At 1 January 2023 |
24,261,240 |
784,649 |
25,045,889 |
|
|
|
|
|
Additions |
47,418 |
42,396 |
89,814 |
|
|
|
|
|
Disposals |
(
17,384) |
(
18,080) |
(
35,464) |
|
|
|
|
|
Revaluation |
(
12,750,605) |
- |
(
12,750,605) |
|
|
|
|
|
Exchange Rate Revaluations |
(
44,836) |
(
15,557) |
(
60,393) |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2023 |
11,495,833 |
793,408 |
12,289,241 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2023 |
1,491,522 |
601,539 |
2,093,061 |
|
|
|
|
|
Charge for the year |
38,197 |
51,947 |
90,144 |
|
|
|
|
|
Disposals |
(
4,307) |
(
17,760) |
(
22,067) |
|
|
|
|
|
Exchange Rate Revaluations |
(
29,579) |
(
11,922) |
(
41,501) |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2023 |
1,495,833 |
623,804 |
2,119,637 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2023 |
10,000,000 |
169,604 |
10,169,604 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2022 |
22,769,718 |
183,110 |
22,952,828 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tangible assets held at valuation
In the year the director revalued the Land and Buildings at £10,000,000 as he considered this is a true reflection of the current market value as the land and buildings.
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
199,408 |
207,946 |
|
Other debtors |
|
241,059 |
103,084 |
|
|
|
_______ |
_______ |
|
|
|
440,467 |
311,030 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
224,894 |
332,961 |
|
Trade creditors |
|
220,671 |
398,923 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
3,426,855 |
|
Social security and other taxes |
|
289,244 |
206,401 |
|
Other creditors |
|
2,096,769 |
1,670,217 |
|
|
|
_______ |
_______ |
|
|
|
2,831,578 |
6,035,357 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares shares of £
0.01 each (2022: £
1.00 ) |
|
13,694 |
|
136.94 |
|
100 |
|
100 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|