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REGISTERED NUMBER: 01954732 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GRN LIMITED

GRN LIMITED (REGISTERED NUMBER: 01954732)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: A Green





SECRETARY: E Green





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 01954732 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

GRN LIMITED (REGISTERED NUMBER: 01954732)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,559 10,776
Investment property 5 1,089,498 1,089,498
1,100,057 1,100,274

CURRENT ASSETS
Debtors 6 64,816 37,266
Cash at bank 42,381 68,187
107,197 105,453
CREDITORS
Amounts falling due within one year 7 155,610 137,736
NET CURRENT LIABILITIES (48,413 ) (32,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,051,644

1,067,991

CREDITORS
Amounts falling due after more than one
year

8

893,000

893,000
NET ASSETS 158,644 174,991

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 152,836 152,836
Retained earnings 5,708 22,055
SHAREHOLDERS' FUNDS 158,644 174,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GRN LIMITED (REGISTERED NUMBER: 01954732)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:





A Green - Director


GRN LIMITED (REGISTERED NUMBER: 01954732)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

GRN 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.

The financial statements have been prepared on a going concern basis. This may not be appropriate because at 30th September 2024 the company's current liabilities exceeded its current assets by £48,413 and total liabilities of the company were £1,048,610. The company is reliant upon the continued supports of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

The company knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 23,378 3,779 10,559 37,716
DEPRECIATION
At 1 October 2023 23,333 3,607 - 26,940
Charge for year 45 172 - 217
At 30 September 2024 23,378 3,779 - 27,157
NET BOOK VALUE
At 30 September 2024 - - 10,559 10,559
At 30 September 2023 45 172 10,559 10,776

GRN LIMITED (REGISTERED NUMBER: 01954732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Motor vehicles includes the purchase of a vintage car by the company as an investment. The vehicle has not been depreciated.

5. INVESTMENT PROPERTY

The director has reviewed the market value of all properties, at 30th September 2024, and concluded that the investment properties value is as followed:

176 Mill Road£150,000
2A Stockwell Street£275,311
Wellington Court£664,187
£1,089,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,309 1,183
Other debtors 62,507 36,083
64,816 37,266

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 8,763 19,651
Social security and other taxes - 174
VAT 23,565 8,958
Due to J Green Properties Ltd 47,130 20,280
Director's current account 66,439 80,893
Accruals and deferred income 9,713 7,780
155,610 137,736

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - due in more than 5 years 893,000 893,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - due in more than 5 years 893,000 893,000

GRN LIMITED (REGISTERED NUMBER: 01954732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 893,000 893,000

Bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

10. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 152,836

11. RELATED PARTY DISCLOSURES

Net sales of £15,000 (2023: £8,333) were charged as fees earned to Skymond Limited, a company which A Green is also a director of. At 30 September 2024, a loan amount of £61,413 was due to GRN Limited.

Net sales of £10,000 (2023: Nil) were charged as fees earned to J Green Properties Limited, a company which A Green is also a director of. At 30 September 2024, a loan amount of £47,130 was due to J Green Properties Limited.

12. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr A Green and Mrs E Green by virtue of their joint 100% ownership of the issued share capital in the company.