Registered number
11389867
Green Housing Limited
Filleted Accounts
31 May 2024
Green Housing Limited
Registered number: 11389867
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 704,200 700,000
Current assets
Debtors 4 186,914 198,839
Cash at bank and in hand 1,486 13,804
188,400 212,643
Creditors: amounts falling due within one year 5 (4,680) (3,780)
Net current assets 183,720 208,863
Total assets less current liabilities 887,920 908,863
Creditors: amounts falling due after more than one year 6 (564,463) (567,708)
Net assets 323,457 341,155
Capital and reserves
Called up share capital 7 7
Revaluation reserve 7 366,975 362,775
Profit and loss account (43,525) (21,627)
Shareholders' funds 323,457 341,155
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nurgis Chishty
Director
Approved by the board on 30 May 2025
Green Housing Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 700,000
Surplus on revaluation 4,200
At 31 May 2024 704,200
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 704,200
At 31 May 2023 700,000
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 183,414 195,339
Other debtors 3,500 3,500
186,914 198,839
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 4,680 3,780
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 396,413 396,413
Amounts owed to group undertakings and undertakings in which the company has a participating interest 36,865 40,110
Other creditors 131,185 131,185
564,463 567,708
7 Revaluation reserve 2024 2023
£ £
At 1 June 2023 362,775 362,775
Gain on revaluation of land and buildings 4,200 -
At 31 May 2024 366,975 362,775
8 Other information
Green Housing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor
2 Courthorpe Villas
London
SW19 4EH
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