Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01The principal activity of the company continued to be that of buying and selling of own real estate.falsetrue1true1false 09621306 2023-07-01 2024-06-30 09621306 2022-07-01 2023-06-30 09621306 2024-06-30 09621306 2023-06-30 09621306 c:Director1 2023-07-01 2024-06-30 09621306 d:CurrentFinancialInstruments 2024-06-30 09621306 d:CurrentFinancialInstruments 2023-06-30 09621306 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09621306 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09621306 d:ShareCapital 2024-06-30 09621306 d:ShareCapital 2023-06-30 09621306 d:RetainedEarningsAccumulatedLosses 2024-06-30 09621306 d:RetainedEarningsAccumulatedLosses 2023-06-30 09621306 c:FRS102 2023-07-01 2024-06-30 09621306 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09621306 c:FullAccounts 2023-07-01 2024-06-30 09621306 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09621306 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 09621306














LONDON GREEN (CRESSEX) LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
LONDON GREEN (CRESSEX) LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
LONDON GREEN (CRESSEX) LTD
REGISTERED NUMBER:09621306

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
1,640,000
2,275,798

Debtors: amounts falling due within one year
 4 
181
4,216

Cash at bank and in hand
  
520
1,478

  
1,640,701
2,281,492

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(2,328,617)
(2,293,912)

Net current liabilities
  
 
 
(687,916)
 
 
(12,420)

Net liabilities
  
(687,916)
(12,420)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(688,016)
(12,520)

  
(687,916)
(12,420)


Page 1

 
LONDON GREEN (CRESSEX) LTD
REGISTERED NUMBER:09621306
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P J Green
Director

Date: 27 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LONDON GREEN (CRESSEX) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

London Green (Cressex) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The principal activity of the company continued to be that of buying and selling of own real estate.
the company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequare resources to continue in operation existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover from the sale of properties is recognised when the significant risks and rewards of ownership of the properties have passed to the buyer, i.e. when contracts are legally binding with all contractual conditions met, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rental income relates to income received from the company's properties remaining in stock. Rental income is recognised on a calendar basis.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 3

 
LONDON GREEN (CRESSEX) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
LONDON GREEN (CRESSEX) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

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


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
LONDON GREEN (CRESSEX) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Debtors

2024
2023
£
£


Amounts owed by related parties
-
1,915

Other debtors
181
301

Prepayments and accrued income
-
2,000

181
4,216



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
1,737,847
1,995,696

Trade creditors
47,394
41,680

Amounts owed to related parties
478,260
177,245

Other creditors
62,116
65,078

Accruals and deferred income
3,000
14,213

2,328,617
2,293,912


The loan from Handf Finance Limited is secured by a fixed and floating charge over the property of the company dated 27 May 2021.


6.


Related party transactions

Amounts owed to and from related companies are unsecured, interest free and repayable on demand,
being companies where directors have material interest or execute significant control.
Included within other creditors is an amount of £20,750 (2023 - £24,395) owed to the director. This amount is interest free and repayable on demand.

Page 6