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REGISTERED NUMBER: 10152972 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023

FOR

GREENACRE (THANET) LIMITED

GREENACRE (THANET) LIMITED (REGISTERED NUMBER: 10152972)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 June 2022 to 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GREENACRE (THANET) LIMITED

COMPANY INFORMATION
for the period 1 June 2022 to 31 March 2023







DIRECTORS: Mrs S M Piper
Mr K A Piper
Mr N J D Lindsay
Mr T Q Lim





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 10152972 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

GREENACRE (THANET) LIMITED (REGISTERED NUMBER: 10152972)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 1,853,286
Debtors 4 1,084,552 19,233
Cash at bank and in hand 1,395,364 -
2,479,916 1,872,519
CREDITORS
Amounts falling due within one year 308,937 272,156
NET CURRENT ASSETS 2,170,979 1,600,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,170,979

1,600,363

CREDITORS
Amounts falling due after more than one
year

1,626,580

1,626,370
NET ASSETS/(LIABILITIES) 544,399 (26,007 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 544,199 (26,207 )
544,399 (26,007 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GREENACRE (THANET) LIMITED (REGISTERED NUMBER: 10152972)

ABRIDGED BALANCE SHEET - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mr K A Piper - Director


GREENACRE (THANET) LIMITED (REGISTERED NUMBER: 10152972)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 June 2022 to 31 March 2023

1. STATUTORY INFORMATION

Greenacre (Thanet) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the period 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 period 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors
Debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account Any amounts receivable more than 12 months after the balance sheet date are classified as long term debtors and disclosed separately in the notes to the account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

GREENACRE (THANET) LIMITED (REGISTERED NUMBER: 10152972)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 June 2022 to 31 March 2023

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed by participating interests 10,973 10,973

5. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £182,243 (2022: £182,243) to Greenacre Properties Ltd, a company of which Mr C K Ong is the director.

At the balance sheet date, the company was owed £10,973 (2022: £10,973) by Greenacre (Thanet) 2 Ltd, a company of which Mr C K Ong is the director.

At the balance sheet date, the company owed £1,444,337 (2022: £1,444,127) to Greenacre Capital Ltd, a company of which Mr C K Ong is the director.

At the balance sheet date, the company was owed £1,066,439 (2022: nil) by Project Ten Ltd, a company of which Mr K A Piper and Mrs S M Piper are the directors.The company has received confirmation from Project Ten Ltd that the amount remains owing and is repayable on demand.

Within the related party disclosures are a number of historic debts owed to/by participating interests. The company's current board has very limited information regarding such debts and notes that a number of relevant entities are either dissolved or in liquidation. Whilst the debts are included in these accounts, the board notes that they may not in fact be owed by/to the company, and further information would need to be provided in each case in order for the company to be satisfied the amounts are due and owing.

6. PREPARATION OF ACCOUNTS

The company's accounts were due to be prepared on the basis of a material transaction that had not yet completed. There is now a dispute regarding the completion of that transaction and on the basis that recovery depends on litigation, the outcome of which is uncertain, the figures for that transaction have not been included in these accounts. The transaction will be included in the accounting year that the transaction becomes certain.