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Registration number: 15127013

Greenland (Rowly) Limited

Unaudited Filleted Financial Statements

for the Period from 10 September 2023 to 30 June 2024

 

Greenland (Rowly) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Greenland (Rowly) Limited

Company Information

Directors

Ms Lynn Elizabeth Murray

Mr Robbie Edward Murray

Registered office

Denning House
84 High Street
Cranleigh
GU6 8AH

Accountants

RS Partnership Ltd
Chartered Certified Accountants10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

 

Greenland (Rowly) Limited

(Registration number: 15127013)
Balance Sheet as at 30 June 2024

Note

2024
£

Current assets

 

Debtors

4

1,999

Cash at bank and in hand

 

5

 

2,004

Creditors: Amounts falling due within one year

5

(2,000)

Net assets

 

4

Capital and reserves

 

Called up share capital

6

4

Shareholders' funds

 

4

For the financial period ending 30 June 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 period 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 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
Ms Lynn Elizabeth Murray
Director

 

Greenland (Rowly) Limited

Notes to the Unaudited Financial Statements for the Period from 10 September 2023 to 30 June 2024

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:
Denning House
84 High Street
Cranleigh
GU6 8AH
United Kingdom

The principal place of business is:
Denning House
84 High Street
Cranleigh
GU6 8AH
United Kingdom

These financial statements were authorised for issue by the Board on 24 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.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

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.

 

Greenland (Rowly) Limited

Notes to the Unaudited Financial Statements for the Period from 10 September 2023 to 30 June 2024

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 directors) during the period, was 0.

 

Greenland (Rowly) Limited

Notes to the Unaudited Financial Statements for the Period from 10 September 2023 to 30 June 2024

4

Debtors

Note

2024
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

7

1,999

 

1,999

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Directors Loan Account

2,000

Creditors: amounts falling due after more than one year

2024
£

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary £1 of £1 each

4

4

   
 

Greenland (Rowly) Limited

Notes to the Unaudited Financial Statements for the Period from 10 September 2023 to 30 June 2024

7

Related party transactions

Summary of transactions with parent


The company is a 100% subsidiary of Greenland Properties Limited


Greenland (Rowly) Limited was incorporated as a special purpose vehicle to isolate financial risk on mortgages raised on two freehold properties owned by Greenland Properties Limited.

The two freehold properties are subject to a declaration of trust with an external investor splitting capital and revenue income. Greenland (Rowly) Limited holds the properties are bare trustee for Greenland Properties Limited to hold as stated in the original declaration of trust.

The mortgage balances and related costs, although legally in the name of Greenland (Rowly) Limited, are accounted for in Greenland Properties Limited financial statements to reflect the economic substance of the transaction.