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Registration number: SC681989

Sives GreenWorld Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Sives GreenWorld Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Sives GreenWorld Limited

Company Information

Director

Mr James Jeffery Hall Sives

Company secretary

Mrs Lesley Sives

Registered office

31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

Accountants

Brown, Scott & Main
Chartered Accountants31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Sives GreenWorld Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sives GreenWorld Limited for the year ended 31 March 2025 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Sives GreenWorld Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that Sives GreenWorld Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sives GreenWorld Limited. You consider that Sives GreenWorld Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Sives GreenWorld Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brown, Scott & Main
Chartered Accountants
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

10 June 2025

 

Sives GreenWorld Limited

(Registration number: SC681989)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

5

802

852

Current assets

 

Debtors

6

234,000

101,000

Cash at bank and in hand

 

570,992

630,799

 

804,992

731,799

Creditors: Amounts falling due within one year

7

(3,282)

(2,978)

Net current assets

 

801,710

728,821

Net assets

 

802,512

729,673

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

802,412

729,573

Shareholders' funds

 

802,512

729,673

For the financial year ending 31 March 2025 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 his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 June 2025
 

.........................................
Mr James Jeffery Hall Sives
Director

 

Sives GreenWorld Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

These financial statements were authorised for issue by the director on 10 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.

The presentation currency is sterling.

Group accounts not prepared

The financial statements contain information about Sives GreenWorld Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements..

Revenue recognition

Income represents dividends received from its subsidiary which are recognised when the dividend becomes payable.

Tax

The tax expense for the period comprises corporation 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 corporation 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.

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.

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.

 

Sives GreenWorld Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

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.

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.

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 the director) during the year, was 2 (2024 - 2).

 

4

Tax charge

2025

2024

£

£

Corporation tax charge

3,280

2,976

3,280

2,976

5

Investments

2025
£

2024
£

Investments in subsidiaries

802

852

Subsidiaries

£

Cost or valuation

At 1 April 2024

852

Disposals

(50)

At 31 March 2025

802

Provision

Carrying amount

At 31 March 2025

802

At 31 March 2024

852

 

Sives GreenWorld Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Investments (continued)

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

2025

2024

Subsidiary undertakings

Land Technology Limited

31 Townsend Place
Kirkcaldy
KY1 1HB

Scotland

800 D Ordinary

100%

100%

Subsidiary undertakings

Land Technology Limited

The principal activity of Land Technology Limited is landscape contracting.

6

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

10

234,000

101,000

   

234,000

101,000

The balance is owed by Land Technology Limited and is repayable on demand.

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

3,280

2,976

Other creditors

2

2

3,282

2,978

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share capital of £1 each

100

100

100

100

       
 

Sives GreenWorld Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9

Dividends

Interim dividends paid

   

2025
£

 

2024
£

Interim dividend of £10 (2024- £20) per ordinary share

 

1,000

 

2,000

         

10

Related party transactions

Loans to related parties

2025

Subsidiary
£

Total
£

At start of period

101,000

101,000

Advanced

133,000

133,000

At end of period

234,000

234,000

2024

Entities with joint control or significant influence
£

Subsidiary
£

Other related parties
£

Total
£

At start of period

90,000

1,000

-

91,000

Advanced

-

150,000

268,000

418,000

Repaid

(90,000)

(50,000)

(268,000)

(408,000)

At end of period

-

101,000

-

101,000

Loans from related parties

2025

Key management
£

Total
£

At start of period

2

2

At end of period

2

2

2024

Key management
£

Total
£

At start of period

2

2

At end of period

2

2