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REGISTERED NUMBER: 12211673 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st December 2024

for

Green Star Properties Ltd

Green Star Properties Ltd (Registered number: 12211673)






Contents of the Financial Statements
For The Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Green Star Properties Ltd

Company Information
For The Year Ended 31st December 2024







DIRECTOR: B P Jones





REGISTERED OFFICE: Unit 8
Forest Vale Industrial Estate
Cinderford
Gloucestershire
GL14 2PH





REGISTERED NUMBER: 12211673 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Green Star Properties Ltd (Registered number: 12211673)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151,798 110,569
Investment property 5 3,785,743 3,706,163
3,937,541 3,816,732

CURRENT ASSETS
Debtors 6 33,090 17,671
Cash at bank 40,869 14,850
73,959 32,521
CREDITORS
Amounts falling due within one year 7 2,496,594 2,453,379
NET CURRENT LIABILITIES (2,422,635 ) (2,420,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,514,906

1,395,874

CREDITORS
Amounts falling due after more than one
year

8

(11,701

)

(20,227

)

PROVISIONS FOR LIABILITIES 9 (37,950 ) (27,642 )
NET ASSETS 1,465,255 1,348,005

CAPITAL AND RESERVES
Called up share capital 10 25 25
Retained earnings 11 1,465,230 1,347,980
SHAREHOLDERS' FUNDS 1,465,255 1,348,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Green Star Properties Ltd (Registered number: 12211673)

Balance Sheet - continued
31st December 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 3rd April 2025 and were signed by:





B P Jones - Director


Green Star Properties Ltd (Registered number: 12211673)

Notes to the Financial Statements
For The Year Ended 31st December 2024

1. STATUTORY INFORMATION

Green Star Properties Ltd 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.

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.

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 etc - 25% on reducing balance and 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

Green Star Properties Ltd (Registered number: 12211673)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 116,562 47,213 1,639 165,414
Additions 5,360 159,164 894 165,418
Disposals - (108,150 ) (140 ) (108,290 )
At 31st December 2024 121,922 98,227 2,393 222,542
DEPRECIATION
At 1st January 2024 43,803 10,064 978 54,845
Charge for year 11,593 19,033 386 31,012
Eliminated on disposal - (15,047 ) (66 ) (15,113 )
At 31st December 2024 55,396 14,050 1,298 70,744
NET BOOK VALUE
At 31st December 2024 66,526 84,177 1,095 151,798
At 31st December 2023 72,759 37,149 661 110,569

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024 3,706,163
Additions 79,580
At 31st December 2024 3,785,743
NET BOOK VALUE
At 31st December 2024 3,785,743
At 31st December 2023 3,706,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 12,700 10,244
Amounts owed by group undertakings 2,950 399
VAT 8,735 -
Prepayments 8,705 7,028
33,090 17,671

Green Star Properties Ltd (Registered number: 12211673)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 101,223 1,366
Tax 28,776 22,796
VAT - 6,569
Directors' current accounts 2,356,628 2,409,128
Accrued expenses 9,967 13,520
2,496,594 2,453,379

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 11,701 18,160
Hire purchase contracts - 2,067
11,701 20,227

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 37,950 27,642

Deferred
tax
£   
Balance at 1st January 2024 27,642
Charge to Income Statement during year 10,308
Balance at 31st December 2024 37,950

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2,510 Ordinary £0.01 25 25

11. RESERVES
Retained
earnings
£   

At 1st January 2024 1,347,980
Profit for the year 117,250
At 31st December 2024 1,465,230

12. ULTIMATE CONTROLLING PARTY

The controlling party is B P Jones.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Green Star Properties Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Green Star Properties Ltd for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Green Star Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Green Star Properties Ltd and state those matters that we have agreed to state to the director of Green Star Properties Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Green Star Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Green Star Properties Ltd. You consider that Green Star Properties Ltd 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 financial statements of Green Star Properties Ltd. 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 financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 3rd April 2025