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Registration number: 4007355

21 Greencroft Gardens Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

21 Greencroft Gardens Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

21 Greencroft Gardens Ltd

(Registration number: 4007355)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

26,222

26,222

Current assets

 

Cash at bank and in hand

 

4

4

Creditors: Amounts falling due within one year

5

(31,064)

(31,364)

Net current liabilities

 

(31,060)

(31,360)

Net liabilities

 

(4,838)

(5,138)

Capital and reserves

 

Called up share capital

6

4

4

Retained earnings

(4,842)

(5,142)

Shareholders' deficit

 

(4,838)

(5,138)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................
T Hatcher
Director

 

21 Greencroft Gardens Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in Engalnd and Wales.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the Board on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

The company's turnover comprises ground rents receivable in the period under review.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

21 Greencroft Gardens Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost and carrying amount

At 1 July 2023

26,222

26,222

At 30 June 2024

26,222

26,222

Included within the net book value of land and buildings above is £26,222 (2023 - £26,222) in respect of freehold land and buildings.

The company was formed to hold the freehold title of the property known as 21 Greencroft Gardens, London NW6, a property which is divided into four flats. Cost comprises the purchase cost of the freehold interest together with the associated legal and registration expenses. In the opinion of the directors, the market value of the freehold interest is not less than its book value. No depreciation is charged.
 

 

21 Greencroft Gardens Ltd

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

31,064

31,364

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

4

4

4

4

       

7

Related party transactions

Mr B Berkery (company director and shareholder)

During the year under review, the company was controlled by Mr B Berkery.

The profit and loss account was credited with the sum of £300 (2023: £300) being ground rent receivable from Mr B Berkery.

At the balance sheet date, the amount owed to Mr B Berkery was £31,064 (2023: £31,364).