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Registration number: 03127816

Green Cross Enterprises Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

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Green Cross Enterprises Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Green Cross Enterprises Limited

Company Information

Directors

Mr D S L Wong

Mrs M H Yu

Mr H C M Yu

Mrs L C M Wong

Mrs V K Y Ho

Registered office

51 London Road
Stockton Heath
Warrington
Cheshire
WA4 6SG

Accountants

Hannah Murray FCCA
Chartered Certified Accountant
61 Falconers Green
Westbrook
Warrington
Cheshire
WA5 7XF

 

Green Cross Enterprises Limited

(Registration number: 03127816)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

42,000

44,100

Current assets

 

Debtors

5

330,126

308,354

Cash at bank and in hand

 

63

59

 

330,189

308,413

Creditors: Amounts falling due within one year

6

(5,254)

(5,224)

Net current assets

 

324,935

303,189

Net assets

 

366,935

347,289

Capital and reserves

 

Called up share capital

7

100

3

Retained earnings

366,835

347,286

Shareholders' funds

 

366,935

347,289

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 June 2025 and signed on its behalf by:
 

.........................................
Mr D S L Wong
Director

 

Green Cross Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
51 London Road
Stockton Heath
Warrington
Cheshire
WA4 6SG
England

These financial statements were authorised for issue by the Board on 4 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 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 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 financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Green Cross Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property

2% straight line basis

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Green Cross Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

105,000

105,000

At 31 December 2024

105,000

105,000

Depreciation

At 1 January 2024

60,900

60,900

Charge for the year

2,100

2,100

At 31 December 2024

63,000

63,000

Carrying amount

At 31 December 2024

42,000

42,000

At 31 December 2023

44,100

44,100

Included within the net book value of land and buildings above is £42,000 (2023 - £44,100) in respect of freehold land and buildings.
 

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

330,126

308,354

   

330,126

308,354

 

Green Cross Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

5,254

5,223

Other creditors

-

1

5,254

5,224

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

3

3

       

8

Related party transactions

Summary of transactions with subsidiaries

Green Cross Enterprises Limited is a parent company for Greencross Pharmacy Limited, a company incorporated in England & Wales and trading in the UK. The company owns 1,773, £1 ordinary shares in the subsidiary representing 100% of the issued share capital.

The company is exempt from the requirement to prepare group (consolidated) accounts as the company is the parent undertaking of a small group and these financial statements present information about the company as an individual undertaking.

The company charged management costs to its subsidiary of £27,500 (2023-£27,500). The subsidiary pays costs on behalf of the company and transfers costs accordingly.

During the financial year 31 December 2024, Greencross Pharmacy Limited recorded a profit of £189,635 and the aggregate capital and reserves at 31 December 2024 was £2,541,348.

Dividends of £133,594 were received from Greencross Pharmacy Limited the company's subsidiary.