0 false false false false false false false false false false true false false false false true false No description of principal activity 2023-03-29 Sage Accounts Production Advanced 2024 - FRS102_2024 51,557 51,557 51,557 xbrli:pure xbrli:shares iso4217:GBP NI610800 2023-03-29 2024-03-28 NI610800 2024-03-28 NI610800 2023-03-28 NI610800 2022-03-29 2023-03-28 NI610800 2023-03-28 NI610800 2022-03-28 NI610800 bus:OrdinaryShareClass1 2023-03-29 2024-03-28 NI610800 bus:Director1 2023-03-29 2024-03-28 NI610800 core:WithinOneYear 2024-03-28 NI610800 core:WithinOneYear 2023-03-28 NI610800 core:ShareCapital 2024-03-28 NI610800 core:ShareCapital 2023-03-28 NI610800 core:RetainedEarningsAccumulatedLosses 2024-03-28 NI610800 core:RetainedEarningsAccumulatedLosses 2023-03-28 NI610800 core:CostValuation core:Non-currentFinancialInstruments 2024-03-28 NI610800 core:Non-currentFinancialInstruments 2024-03-28 NI610800 core:Non-currentFinancialInstruments 2023-03-28 NI610800 bus:SmallEntities 2023-03-29 2024-03-28 NI610800 bus:AuditExempt-NoAccountantsReport 2023-03-29 2024-03-28 NI610800 bus:SmallCompaniesRegimeForAccounts 2023-03-29 2024-03-28 NI610800 bus:PrivateLimitedCompanyLtd 2023-03-29 2024-03-28 NI610800 bus:FullAccounts 2023-03-29 2024-03-28 NI610800 bus:OrdinaryShareClass1 2024-03-28 NI610800 bus:OrdinaryShareClass1 2023-03-28
COMPANY REGISTRATION NUMBER: NI610800
Green Water (NI) Limited
Filleted Unaudited Financial Statements
28 March 2024
Green Water (NI) Limited
Statement of Financial Position
28 March 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
51,557
51,557
Current assets
Debtors
5
525
Creditors: amounts falling due within one year
6
1,056
1,836
-------
-------
Net current liabilities
1,056
1,311
--------
--------
Total assets less current liabilities
50,501
50,246
--------
--------
Net assets
50,501
50,246
--------
--------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
8
50,500
50,245
--------
--------
Shareholders funds
50,501
50,246
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:
Mr J McElroy
Director
Company registration number: NI610800
Green Water (NI) Limited
Notes to the Financial Statements
Year ended 28 March 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is FEB Chartered Accountants, Linenhall Exchange, 1st Floor, 26 Linenhall Street, Belfast, BT2 8BG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
Other investments other than loans
£
Cost
At 29 March 2023 and 28 March 2024
51,557
--------
Impairment
At 29 March 2023 and 28 March 2024
--------
Carrying amount
At 28 March 2024
51,557
--------
At 28 March 2023
51,557
--------
5. Debtors
2024
2023
£
£
Trade debtors
525
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
123
123
Other creditors
933
1,713
-------
-------
1,056
1,836
-------
-------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Reserves
The profit and loss account reserve records retained earnings and accumulated losses.
9. Controlling party
The company is a wholly owned subsidary of SeePotential Limited (NI070646). The company is a private company, limited by shares. It is registered in Northern Ireland ( NI610800 )with its registered office at Linenhall Exchange, 1st Floor, 26 Linenhall Street, Belfast, BT2 8BG.