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REGISTERED NUMBER: 04866648 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GREEN PLATEAU LIMITED

GREEN PLATEAU LIMITED (REGISTERED NUMBER: 04866648)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


GREEN PLATEAU LIMITED (REGISTERED NUMBER: 04866648)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,313 3,084
Investment property 5 4,285,000 4,285,000
4,287,313 4,288,084

CURRENT ASSETS
Debtors 6 56,566 73,264
Cash at bank 480,647 498,869
537,213 572,133
CREDITORS
Amounts falling due within one year 7 (200,118 ) (186,179 )
NET CURRENT ASSETS 337,095 385,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,624,408

4,674,038

CREDITORS
Amounts falling due after more than one
year

8

(135,630

)

(137,421

)

PROVISIONS FOR LIABILITIES 9 (828,534 ) (830,146 )
NET ASSETS 3,660,244 3,706,471

CAPITAL AND RESERVES
Called up share capital 10 190 100
Fair value reserve 11 2,717,345 2,722,183
Retained earnings 942,709 984,188
SHAREHOLDERS' FUNDS 3,660,244 3,706,471

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

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

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 PLATEAU LIMITED (REGISTERED NUMBER: 04866648)

BALANCE SHEET - continued
30 JUNE 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





J R Rignell - Director


GREEN PLATEAU LIMITED (REGISTERED NUMBER: 04866648)

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


1. STATUTORY INFORMATION

Green Plateau Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04866648

Registered office: 10 Curtis House
34 Third Avenue
Hove
East Sussex
BN3 2PD

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income, and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
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.

Basic financial liabilities, including bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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.


GREEN PLATEAU LIMITED (REGISTERED NUMBER: 04866648)

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


2. ACCOUNTING POLICIES - continued
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

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 12,107
DEPRECIATION
At 1 July 2023 9,023
Charge for year 771
At 30 June 2024 9,794
NET BOOK VALUE
At 30 June 2024 2,313
At 30 June 2023 3,084

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 4,285,000
Additions 6,450
Revaluations (6,450 )
At 30 June 2024 4,285,000
NET BOOK VALUE
At 30 June 2024 4,285,000
At 30 June 2023 4,285,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 3,552,329
Valuation in 2024 (6,450 )
Cost 739,121
4,285,000

GREEN PLATEAU LIMITED (REGISTERED NUMBER: 04866648)

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


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 732,671 732,671

Investment property was valued on an open market basis on 30 June 2024 by the directors, by reference to market evidence for transaction prices for similar properties.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 18,000 18,000
Prepayments and accrued income 26,566 25,264
44,566 43,264

Amounts falling due after more than one year:
Other debtors 12,000 30,000

Aggregate amounts 56,566 73,264

Other debtors of £30,000 (2023: £48,000) represents an interest free loan made by the company to a related party. The loan is interest free and is to be repaid in monthly instalments, ending February 2026.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 4,001 4,230
Trade creditors 10,896 417
Tax 13,552 2,284
Other creditors 505 -
Directors' current accounts 162,650 168,818
Accruals and deferred income 8,514 10,430
200,118 186,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 135,630 4,575
Bank loans - 2-5 years - 132,846
135,630 137,421

Bank loans totalling £139,631 represents a loan made to the company by an unrelated party. Interest is payable on the loan and is recognised in interest payable and similar expenses. The loan is to be repaid in monthly instalments, until August 2025 when the balance is payable. The loan is secured by charges over investment property owned by the company.

GREEN PLATEAU LIMITED (REGISTERED NUMBER: 04866648)

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


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 828,534 830,146

Deferred
tax
£   
Balance at 1 July 2023 830,146
Deferred tax movement (1,612 )
Balance at 30 June 2024 828,534

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares 1 100 100
90 Ordinary A shares 1 90 -
190 100

90 Ordinary A shares shares of 1 each were allotted and fully paid for cash at par during the year.

11. RESERVES
Fair
value
reserve
£   
At 1 July 2023 2,722,183
Transfer to Reserves (4,838 )

At 30 June 2024 2,717,345

The fair value reserve represents unrealised gains on investment property, less a provision for deferred tax.