Groove Green Ltd 13337407 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is Holding company Digita Accounts Production Advanced 6.30.9574.0 true false true false 13337407 2022-05-01 2023-04-30 13337407 2023-04-30 13337407 bus:OrdinaryShareClass1 2023-04-30 13337407 core:RetainedEarningsAccumulatedLosses 2023-04-30 13337407 core:ShareCapital 2023-04-30 13337407 core:CurrentFinancialInstruments 2023-04-30 13337407 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13337407 core:Non-currentFinancialInstruments 2023-04-30 13337407 bus:SmallEntities 2022-05-01 2023-04-30 13337407 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 13337407 bus:AbridgedAccounts 2022-05-01 2023-04-30 13337407 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 13337407 bus:RegisteredOffice 2022-05-01 2023-04-30 13337407 bus:CompanySecretary1 2022-05-01 2023-04-30 13337407 bus:Director2 2022-05-01 2023-04-30 13337407 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 13337407 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13337407 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 13337407 core:ShareCapital 2022-05-01 2023-04-30 13337407 core:Subsidiary1 2022-05-01 2023-04-30 13337407 core:Subsidiary1 1 2022-05-01 2023-04-30 13337407 core:Subsidiary1 countries:AllCountries 2022-05-01 2023-04-30 13337407 countries:EnglandWales 2022-05-01 2023-04-30 13337407 2022-04-30 13337407 core:RetainedEarningsAccumulatedLosses 2022-04-30 13337407 core:ShareCapital 2022-04-30 13337407 core:CostValuation core:Non-currentFinancialInstruments 2022-04-30 13337407 2021-04-15 2022-04-30 13337407 2022-04-30 13337407 bus:OrdinaryShareClass1 2022-04-30 13337407 core:CurrentFinancialInstruments 2022-04-30 13337407 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 13337407 core:Non-currentFinancialInstruments 2022-04-30 13337407 core:RetainedEarningsAccumulatedLosses 2021-04-15 2022-04-30 13337407 core:ShareCapital 2021-04-15 2022-04-30 13337407 core:Subsidiary1 1 2021-04-15 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13337407

Groove Green Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 April 2023

 

Groove Green Ltd

Contents

Company Information

1

Director's Report

2

Abridged Statement of Financial Position

3

Statement of Changes in Equity

4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Groove Green Ltd

Company Information

Director

Massimo Corvaglia

Company secretary

Lincoln Secretaries Limited

Registered office

12 Bridewell Place
Third Floor East
London
EC4V 6AP

 

Groove Green Ltd

Director's Report for the Year Ended 30 April 2023

The report and the abridged financial statements for the year ended 30 April 2023.

Director of the company

The director who held office during the year was as follows:

Massimo Corvaglia

Principal activity

The principal activity of the company is Holding company

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 2 June 2025
 

.........................................
Massimo Corvaglia
Director

 

Groove Green Ltd

(Registration number: 13337407)
Abridged Statement of Financial Position as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

628

628

Current assets

 

Debtors

16,719

6,515

Cash at bank and in hand

 

101

100

 

16,820

6,615

Prepayments and accrued income

 

4,309

-

Creditors: Amounts falling due within one year

(34,189)

(13,369)

Net current liabilities

 

(13,060)

(6,754)

Total assets less current liabilities

 

(12,432)

(6,126)

Accruals and deferred income

 

-

(230)

Net liabilities

 

(12,432)

(6,356)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(12,532)

(6,456)

Shareholders' deficit

 

(12,432)

(6,356)

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 2 June 2025
 

.........................................
Massimo Corvaglia
Director

 

Groove Green Ltd

Statement of Changes in Equity for the Year Ended 30 April 2023

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

-

(6,456)

(6,456)

Loss for the year

-

(6,076)

(6,076)

New share capital subscribed

100

-

100

At 30 April 2023

100

(12,532)

(12,432)

Share capital
£

Retained earnings
£

Total
£

Loss for the year

-

(6,456)

(6,456)

New share capital subscribed

100

-

100

At 30 April 2022

100

(6,456)

(6,356)

 

Groove Green Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Bridewell Place
Third Floor East
London
EC4V 6AP
England

These financial statements were authorised for issue by the director on 2 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The accounts have been prepared on a going concern basis that the Member will continue to support the company.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Groove Green Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Investments

 

Groove Green Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

Total
£

Cost or valuation

At 1 May 2022

628

Provision

Carrying amount

At 30 April 2023

628

At 30 April 2022

628

2023
£

2022
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Moon Energy Investments Limited

Suite 4.01 Ormond Building
31,36 Ormond Quay Upper
Dublin 7
Dublin
D07F6DC

Republic of Ireland

73.5%

73.5%

Subsidiary undertakings

Moon Energy Investments Limited

The principal activity of Moon Energy Investments Limited is holding company. The loss for the financial period of Moon Energy Investments Limited was £20,686 and the aggregate amount of capital and reserves at the end of the period was £(47,838).

5

Share capital

Allotted, called up and fully paid shares

 

Groove Green Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100