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REGISTERED NUMBER: 06977671 (England and Wales)












GREENSPACE GARDENS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






GREENSPACE GARDENS LTD (REGISTERED NUMBER: 06977671)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GREENSPACE GARDENS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr B Jacob





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 06977671 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

GREENSPACE GARDENS LTD (REGISTERED NUMBER: 06977671)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,716 30,333

CURRENT ASSETS
Stocks 5 2,350 2,050
Debtors 6 921 23,940
Cash at bank and in hand 17,349 15,936
20,620 41,926
CREDITORS
Amounts falling due within one year 7 24,184 24,015
NET CURRENT (LIABILITIES)/ASSETS (3,564 ) 17,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,152

48,244

CREDITORS
Amounts falling due after more than one year 8 (4,589 ) (9,592 )

PROVISIONS FOR LIABILITIES (7,159 ) -
NET ASSETS 24,404 38,652

CAPITAL AND RESERVES
Called up share capital 10 110 110
Retained earnings 24,294 38,542
SHAREHOLDERS' FUNDS 24,404 38,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GREENSPACE GARDENS LTD (REGISTERED NUMBER: 06977671)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 director and authorised for issue on 11 March 2025 and were signed by:





Mr B Jacob - Director


GREENSPACE GARDENS LTD (REGISTERED NUMBER: 06977671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Greenspace Gardens Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

GREENSPACE GARDENS LTD (REGISTERED NUMBER: 06977671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 31,016 28,000 - 59,016
Additions 18,775 - 538 19,313
At 31 July 2024 49,791 28,000 538 78,329
DEPRECIATION
At 1 August 2023 21,901 6,782 - 28,683
Charge for year 5,578 4,244 108 9,930
At 31 July 2024 27,479 11,026 108 38,613
NET BOOK VALUE
At 31 July 2024 22,312 16,974 430 39,716
At 31 July 2023 9,115 21,218 - 30,333

5. STOCKS
31.7.24 31.7.23
£    £   
Stock & work-in-progress 2,350 2,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1 9,586
Directors' current accounts - 13,222
Prepayments and accrued income 920 1,132
921 23,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 9) 4,993 4,993
Trade creditors 114 -
Corporation tax 10,051 11,854
Social security and other taxes 7,062 5,752
Directors' current accounts 476 -
Accruals and deferred income 1,488 1,416
24,184 24,015

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 9) 4,589 9,592

GREENSPACE GARDENS LTD (REGISTERED NUMBER: 06977671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,993 4,993

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,589 5,119

Amounts falling due between two and five years:
Bank loans - 2-5 years - 4,473

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary A £1 100 100
10 Ordinary B £1 10 10
110 110

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr B Jacob
Balance outstanding at start of year - -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr B Jacob.