Green Container Group Limited
Unaudited Financial Statements
For the Period ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 14928862 (England and Wales)
Green Container Group Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
Green Container Group Limited
Balance Sheet
As at 30 June 2024
Page 1
2024
Notes
£
£
Fixed assets
Tangible assets
3
450,000
Investments
4
2,722,213
3,172,213
Current assets
Debtors
6
100,880
Creditors: amounts falling due within one year
7
(3,036,272)
Net current liabilities
(2,935,392)
Total assets less current liabilities
236,821
Creditors: amounts falling due after more than one year
8
(326,391)
Provisions for liabilities
(67,210)
Net liabilities
(156,780)
Capital and reserves
Called up share capital
9
1
Profit and loss reserves
(156,781)
Total equity
(156,780)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Green Container Group Limited
Balance Sheet (Continued)
As at 30 June 2024
Page 2
The financial statements were approved and signed by the director and authorised for issue on 10 June 2025
O Moore
Director
Company Registration No. 14928862
Green Container Group Limited
Notes to the Financial Statements
For the period ended 30 June 2024
Page 3
1
Accounting policies
Company information

Green Container Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Reporting period

The accounting period for the company covers the period from 12 June 2023 to 30 June 2024.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The company made a loss before tax for the period of £89,571 and has net liabilities of £156,780. Since the balance sheet date, the company has begun earning income from its subsidiaries and they operate profitably such that the group as a whole remains profitable. Included in liabilities are £1,363,011 due to related parties outside of the group, and the owner has confirmed intention to continue to provide support to the company for a minimum of 12 months from the date of the financial statements. trueThus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Green Container Group Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
1
Accounting policies
(Continued)
Page 4

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has only basic financial instruments measured at amortised cost.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Green Container Group Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
1
Accounting policies
(Continued)
Page 5
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
Number
Total
-
0
Green Container Group Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
Page 6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 12 June 2023
-
0
Additions
500,000
At 30 June 2024
500,000
Depreciation and impairment
At 12 June 2023
-
0
Depreciation charged in the Period
50,000
At 30 June 2024
50,000
Carrying amount
At 30 June 2024
450,000
4
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
2,722,213
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 12 June 2023
-
Additions
2,722,213
At 30 June 2024
2,722,213
Carrying amount
At 30 June 2024
2,722,213
Green Container Group Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
Page 7
5
Subsidiaries

Details of the company's subsidiaries at 30 June 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
The Green Container Co Limited
Broad House, 1 The Broadway, Old Hatfield, Hertfordshire, England, AL9 5BG
Ordinary
100.00
Leighton Self Storage Limited
Broad House, 1 The Broadway, Old Hatfield, Hertfordshire, England,AL9 5BG
Ordinary
100.00
6
Debtors
2024
Amounts falling due within one year:
£
Other debtors
100,880
7
Creditors: amounts falling due within one year
2024
£
Trade creditors
5,280
Amounts owed to group undertakings
1,524,690
Other creditors
1,503,802
Accruals and deferred income
2,500
3,036,272
8
Creditors: amounts falling due after more than one year
2024
£
Other creditors
326,391

Other creditors (amounts falling due within one year and more than one year) includes an amount of £467,182 owed for containers that were entered into a hire purchase agreement. This is secured by way of a fixed and floating charge on the company.

9
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
1
1
Green Container Group Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
Page 8
10
Related party transactions

Included within Other Creditors is a balance of £1,312,275 owed to a company under common control.

 

The company has taken advantage of the exemption available in FRS 102 Section 33.1A not to disclose transactions with fellow wholly owned subsidiaries.

11
Parent company

The ultimate controlling party is the director, by virtue of his 100% shareholding in the company.

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