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REGISTERED NUMBER: 03502672 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GARGREEN LIMITED

GARGREEN LIMITED (REGISTERED NUMBER: 03502672)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


GARGREEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mrs T Kara
Miss J Kara
Miss R Kara



SECRETARY: Mrs T Kara



REGISTERED OFFICE: 713a North Circular Road
London
NW2 7AX



REGISTERED NUMBER: 03502672 (England and Wales)



ACCOUNTANTS: Sterling Accounting & Bookkeeping Services Limited
t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH



BANKERS: Barclays Commercial Bank
1-2 Trinity Way
Chingford
London
E4 8TD

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GARGREEN LIMITED


The following reproduces the text of the report prepared for the directors 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Gargreen Limited for the year ended 31 March 2025 which comprise the Profit and loss, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gargreen Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gargreen Limited and state those matters that we have agreed to state to the Board of Directors of Gargreen Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gargreen Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gargreen Limited 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 Gargreen Limited. You consider that Gargreen 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 financial statements of Gargreen 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 financial statements.






Sterling Accounting & Bookkeeping Services Limited
t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


30 June 2025

GARGREEN LIMITED (REGISTERED NUMBER: 03502672)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 4 15,445,000 16,000,000

CURRENT ASSETS
Debtors 5 10,689,941 8,806,262
Cash at bank and in hand 5,326 1,431,115
10,695,267 10,237,377
CREDITORS
Amounts falling due within one year 6 236,696 211,817
NET CURRENT ASSETS 10,458,571 10,025,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,903,571

26,025,560

PROVISIONS FOR LIABILITIES 1,193,949 1,332,023
NET ASSETS 24,709,622 24,693,537

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 7 4,634,064 5,050,314
Retained earnings 7 20,065,558 19,633,223
SHAREHOLDERS' FUNDS 24,709,622 24,693,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GARGREEN LIMITED (REGISTERED NUMBER: 03502672)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:




Miss J Kara - Director Mrs T Kara - Director




Miss R Kara - Director


GARGREEN LIMITED (REGISTERED NUMBER: 03502672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Gargreen Limited 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rents receivable, net of value added tax. Turnover is recognised on a rent receivable basis to the balance sheet date.

Investment property
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition:

i investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise.

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 temporary timing differences which are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

GARGREEN LIMITED (REGISTERED NUMBER: 03502672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 16,000,000
Revaluations (555,000 )
At 31 March 2025 15,445,000
NET BOOK VALUE
At 31 March 2025 15,445,000
At 31 March 2024 16,000,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2006 500,000
Valuation in 2007 511,645
Valuation in 2015 1,225,000
Valuation in 2017 370,000
Valuation in 2018 1,880,000
Valuation in 2020 (337,908 )
Valuation in 2022 (1,708,750 )
Valuation in 2023 310,906
Valuation in 2024 1,910,000
Valuation in 2025 (555,000 )
Cost 11,339,107
15,445,000

As at 31 March 2025 the fair values of the investment properties have estimated by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 22,138 20,327
Amounts owed by connected company 6,574,868 4,700,000
Amounts owed by group undertakings 4,085,935 4,085,935
Other debtors 7,000 -
10,689,941 8,806,262

GARGREEN LIMITED (REGISTERED NUMBER: 03502672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,839 13
Taxation and social security 74,410 67,643
Other creditors 160,447 144,161
236,696 211,817

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 19,633,223 5,050,314 24,683,537
Profit for the year 16,085 16,085
Fair value adjustment 416,250 (416,250 ) -
At 31 March 2025 20,065,558 4,634,064 24,699,622