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Green Dot Property Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Green Dot Property Limited (Registered number: 09840343)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Green Dot Property Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs J E Dyke





REGISTERED OFFICE: 91 Lakewood Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5AD





REGISTERED NUMBER: 09840343 (England and Wales)





ACCOUNTANTS: David Tilsley Limited
91 Lakewood Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5AD

Green Dot Property Limited (Registered number: 09840343)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,085,176 2,178,124
Investments 5 1,348,956 1,280,000
4,434,132 3,458,124

CURRENT ASSETS
Debtors 6 750,367 198,092
Cash at bank 3,585 27,698
753,952 225,790
CREDITORS
Amounts falling due within one year 7 5,128,618 3,666,660
NET CURRENT LIABILITIES (4,374,666 ) (3,440,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,466

17,254

PROVISIONS FOR LIABILITIES 3,239 7,860
NET ASSETS 56,227 9,394

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,127 9,294
56,227 9,394

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

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

The director acknowledges her 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 Dot Property Limited (Registered number: 09840343)

Balance Sheet - continued
31 August 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 21 March 2025 and were signed by:





Mrs J E Dyke - Director


Green Dot Property Limited (Registered number: 09840343)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Green Dot Property Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

The freehold and long leasehold properties have not been depreciated on the basis that carrying value of the properties will be subject to impairment reviews.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Pension costs and other post-retirement benefits
The company makes contributions to the directors personal pension scheme which are charged to the profit and loss account as paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Green Dot Property Limited (Registered number: 09840343)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 1,946,946 189,810 52,006 - 2,188,762
Additions 890,296 - 25,218 1,098 916,612
At 31 August 2024 2,837,242 189,810 77,224 1,098 3,105,374
DEPRECIATION
At 1 September 2023 - - 10,638 - 10,638
Charge for year - - 9,194 366 9,560
At 31 August 2024 - - 19,832 366 20,198
NET BOOK VALUE
At 31 August 2024 2,837,242 189,810 57,392 732 3,085,176
At 31 August 2023 1,946,946 189,810 41,368 - 2,178,124

5. FIXED ASSET INVESTMENTS

31.8.24 31.8.23
£    £   
Shares in group undertakings 50 50
Loans to group undertakings 1,348,906 1,279,950
1,348,956 1,280,000

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 50
NET BOOK VALUE
At 31 August 2024 50
At 31 August 2023 50
Loans to
group
undertakings
£   
At 1 September 2023 1,279,950
New in year 68,956
At 31 August 2024 1,348,906

Green Dot Property Limited (Registered number: 09840343)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 8,967 13,158
Amounts owed by associates 733,740 181,574
Other debtors 1,162 -
Accrued income 2,018 942
Prepayments 4,480 2,418
750,367 198,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 201 5,245
Tax 16,042 -
CT61 Tax payable 19,869 12,550
VAT 6,243 5,450
Other creditors 3,202 3,623
Directors' current accounts 5,060,864 3,625,393
Deferred income 16,944 11,018
Accrued expenses 5,253 3,381
5,128,618 3,666,660

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
Mrs J E Dyke
Balance outstanding at start of year (3,625,393 ) (3,304,873 )
Amounts advanced 138,804 159,093
Amounts repaid (1,574,275 ) (479,613 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,060,864 ) (3,625,393 )

The loan between director and company are repayable on demand with interest chargeable up to 8%.