Company registration number 13485809 (England and Wales)
RED AND GREEN GARDENS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
PAGES FOR FILING WITH REGISTRAR
Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree
Borehamwood
Hertfordshire
WD6 4PJ
RED AND GREEN GARDENS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
RED AND GREEN GARDENS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
34,451
14,788
Current assets
Debtors
4
23,687
18,723
Cash at bank and in hand
6,942
5,264
30,629
23,987
Creditors: amounts falling due within one year
5
(38,715)
(34,227)
Net current liabilities
(8,086)
(10,240)
Total assets less current liabilities
26,365
4,548
Creditors: amounts falling due after more than one year
6
(15,945)
-
0
Provisions for liabilities
(8,613)
(3,697)
Net assets
1,807
851
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
1,707
751
Total equity
1,807
851

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RED AND GREEN GARDENS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 24 March 2025 and are signed on its behalf by:
Mr F Balan
Director
Company registration number 13485809 (England and Wales)
RED AND GREEN GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Red and Green Gardens Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 318, The Kinetic Centre, Theobald Street, Elstree, Borehamwood, Hertfordshire, United Kingdom, WD6 4PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have a reasonable expectation the company will continue to have adequate resources to fund its working capital for the foreseeable future. The directors have carried out a detailed assessment of the viability of the company following to uncertainty over the current economic conditions due to worldwide increasing rate of inflation and interest rates.

 

As a result of their review, the directors have taken appropriate measures to enable them to have a reasonable expectation that the company will have sufficient working capital for a period of at least 12 months from the date these financial statements have been approved.

 

On the basis of the above, the directors are of the opinion that there is no material uncertainty relating to going concern and therefore it is appropriate to prepare these financial  statements on a going concern basis.

 

1.3
Turnover

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing balance
Fixtures and fittings
25% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

RED AND GREEN GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

RED AND GREEN GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
RED AND GREEN GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2023
1,024
1,428
18,883
21,335
Additions
-
0
723
24,000
24,723
At 30 June 2024
1,024
2,151
42,883
46,058
Depreciation and impairment
At 1 July 2023
320
326
5,901
6,547
Depreciation charged in the year
164
372
4,524
5,060
At 30 June 2024
484
698
10,425
11,607
Carrying amount
At 30 June 2024
540
1,453
32,458
34,451
At 30 June 2023
704
1,102
12,982
14,788
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
18,259
18,723
Other debtors
5,428
-
0
23,687
18,723
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
9,759
10,733
Other taxation and social security
2,995
7,864
Other creditors
25,961
15,630
38,715
34,227
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
15,945
-
0
RED AND GREEN GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
100
100
100
100
2024-06-302023-07-01falsefalsefalse24 March 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr F BalanMrs C Balan134858092023-07-012024-06-30134858092024-06-30134858092023-06-3013485809core:PlantMachinery2024-06-3013485809core:FurnitureFittings2024-06-3013485809core:MotorVehicles2024-06-3013485809core:PlantMachinery2023-06-3013485809core:FurnitureFittings2023-06-3013485809core:MotorVehicles2023-06-3013485809core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3013485809core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3013485809core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3013485809core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3013485809core:CurrentFinancialInstruments2024-06-3013485809core:CurrentFinancialInstruments2023-06-3013485809core:ShareCapital2024-06-3013485809core:ShareCapital2023-06-3013485809core:RetainedEarningsAccumulatedLosses2024-06-3013485809core:RetainedEarningsAccumulatedLosses2023-06-3013485809bus:Director12023-07-012024-06-3013485809core:PlantMachinery2023-07-012024-06-3013485809core:FurnitureFittings2023-07-012024-06-3013485809core:MotorVehicles2023-07-012024-06-30134858092022-07-012023-06-3013485809core:PlantMachinery2023-06-3013485809core:FurnitureFittings2023-06-3013485809core:MotorVehicles2023-06-30134858092023-06-3013485809core:WithinOneYear2024-06-3013485809core:WithinOneYear2023-06-3013485809core:Non-currentFinancialInstruments2024-06-3013485809core:Non-currentFinancialInstruments2023-06-3013485809bus:PrivateLimitedCompanyLtd2023-07-012024-06-3013485809bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013485809bus:FRS1022023-07-012024-06-3013485809bus:AuditExemptWithAccountantsReport2023-07-012024-06-3013485809bus:Director22023-07-012024-06-3013485809bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP