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REGISTERED NUMBER: 12640851 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Greene Homes Ltd

Greene Homes Ltd (Registered number: 12640851)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greene Homes Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A Greene
Mrs C Greene





REGISTERED OFFICE: 12 Royal Birkdale Way
Rothwell
Leeds
LS26 0FG





REGISTERED NUMBER: 12640851 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Greene Homes Ltd (Registered number: 12640851)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 150,000 146,000

CURRENT ASSETS
Cash at bank 665 2,478

CREDITORS
Amounts falling due within one year 5 36,113 40,299
NET CURRENT LIABILITIES (35,448 ) (37,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,552

108,179

CREDITORS
Amounts falling due after more than one year 6 (90,000 ) (90,000 )

PROVISIONS FOR LIABILITIES (4,925 ) (3,454 )
NET ASSETS 19,627 14,725

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 8 20,441 17,201
Retained earnings (816 ) (2,478 )
19,627 14,725

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.

Greene Homes Ltd (Registered number: 12640851)

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 12 March 2025 and were signed on its behalf by:





A Greene - Director


Greene Homes Ltd (Registered number: 12640851)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Greene Homes 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents receivable.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss and deferred taxation is provided these gains at the rate expected to apply when the property is sold.

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Greene Homes Ltd (Registered number: 12640851)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 146,000
Revaluations 4,000
At 30 June 2024 150,000
NET BOOK VALUE
At 30 June 2024 150,000
At 30 June 2023 146,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 18,236
Valuation in 2022 6,000
Valuation in 2023 (3,000 )
Valuation in 2024 4,000
Cost 124,764
150,000

The investment property was valued on an open market basis on 30 June 2024 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 984 984
Other creditors 35,129 39,315
36,113 40,299

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 90,000 90,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 90,000 90,000

7. SECURED DEBTS

Mortgage deeds are held by The Mortgage Works (UK) Plc.

Greene Homes Ltd (Registered number: 12640851)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RESERVES
Non-distribu
reserve
£   
At 1 July 2023 17,201
Fair value reserve 3,240

At 30 June 2024 20,441