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Registered number: 11553045














LONDON GREEN (CROSSHARBOUR) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LONDON GREEN (CROSSHARBOUR) LIMITED
 
 
COMPANY INFORMATION


Director
J D Green 




Registered number
11553045



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
LONDON GREEN (CROSSHARBOUR) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
LONDON GREEN (CROSSHARBOUR) LIMITED
REGISTERED NUMBER:11553045

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
  
10,822,697
11,415,790

  
10,822,697
11,415,790

Current assets
  

Debtors: amounts falling due within one year
 5 
866,821
602,427

  
866,821
602,427

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(12,545,641)
(12,787,581)

Net current liabilities
  
 
 
(11,678,820)
 
 
(12,185,154)

Net liabilities
  
(856,123)
(769,364)


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(866,123)
(779,364)

  
(856,123)
(769,364)


Page 1

 
LONDON GREEN (CROSSHARBOUR) LIMITED
REGISTERED NUMBER:11553045
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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: 




J D Green
Director

Date: 24 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LONDON GREEN (CROSSHARBOUR) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

London Green (Crossharbour) Limited 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 in the year under review was that of property development and dealing.
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

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The director of the company has prepared the financial statements on a going concern basis, which assumes the company will be able to meet its future obligations as they fall due, and the company will settle all payments within the agreed terms. The director has assessment the Company’s net lability position and believes that as the company’s creditor balances relate to group and related companies, the companies will not be required to repay these until such a time as it is able. Accordingly, the director believes that it is appropriate to that these financial statements are prepared on a going concern basis.

 
2.4

Turnover

Turnover represents management fee income. Income is recognised in the period to which the management services relate.

 
2.5

Borrowing costs

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

Page 3

 
LONDON GREEN (CROSSHARBOUR) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

 
2.9

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.

 
2.10

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.

 
2.11

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.

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
Page 4

 
LONDON GREEN (CROSSHARBOUR) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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 (CROSSHARBOUR) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
11,415,790



At 30 September 2024

11,415,790



Impairment


Charge for the period
593,093



At 30 September 2024

593,093



Net book value



At 30 September 2024
10,822,697



At 30 September 2023
11,415,790


5.


Debtors

2024
2023
£
£


Other debtors
236,246
537,974

Prepayments and accrued income
630,575
64,453

866,821
602,427


Page 6

 
LONDON GREEN (CROSSHARBOUR) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
245,799
2,401,423

Amounts owed to group undertakings
10,822,697
9,815,099

Corporation tax
236
-

Other creditors
1,474,825
568,558

Accruals and deferred income
2,084
2,501

12,545,641
12,787,581


The other loans are secured by way of a fixed and floating charge dated 23 December 2022.


7.


Related party transactions

The company has taken advantage of exemption, under the terms of Section 1A Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owed subsidiaries within the group.
Included within other debtors is an amount due from a related party of £226,156 (2023 - £Nil). This amount is an interest free loan repayable on demand from an entity in which the director has a material interest or executes significant control.
Included within other creditors is an amount owed to a related party of £1,474,625 (2023 - £568,558). This amount is an interest free loan repayable on demand from an entity in which the director has a material interest or executes significant control. 
Included within other creditors is £200 (2023 - £Nil) owed to a director.  This amount is interest free and repayable on demand.

 
Page 7