Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true12024-01-01falseThe principal activity of the company during the year was that of property investment1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08909924 2024-01-01 2024-12-31 08909924 2023-01-01 2023-12-31 08909924 2024-12-31 08909924 2023-12-31 08909924 2023-01-01 08909924 c:Director1 2024-01-01 2024-12-31 08909924 d:FurnitureFittings 2024-01-01 2024-12-31 08909924 d:FurnitureFittings 2024-12-31 08909924 d:FurnitureFittings 2023-12-31 08909924 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08909924 d:ComputerEquipment 2024-01-01 2024-12-31 08909924 d:ComputerEquipment 2024-12-31 08909924 d:ComputerEquipment 2023-12-31 08909924 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08909924 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08909924 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 08909924 d:FreeholdInvestmentProperty 2024-12-31 08909924 d:FreeholdInvestmentProperty 2023-12-31 08909924 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 08909924 d:CurrentFinancialInstruments 2024-12-31 08909924 d:CurrentFinancialInstruments 2023-12-31 08909924 d:Non-currentFinancialInstruments 2024-12-31 08909924 d:Non-currentFinancialInstruments 2023-12-31 08909924 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08909924 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08909924 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08909924 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08909924 d:ShareCapital 2024-12-31 08909924 d:ShareCapital 2023-12-31 08909924 d:SharePremium 2024-12-31 08909924 d:SharePremium 2023-12-31 08909924 d:RevaluationReserve 2024-12-31 08909924 d:RevaluationReserve 2023-12-31 08909924 d:RetainedEarningsAccumulatedLosses 2024-12-31 08909924 d:RetainedEarningsAccumulatedLosses 2023-12-31 08909924 c:OrdinaryShareClass1 2024-01-01 2024-12-31 08909924 c:OrdinaryShareClass1 2024-12-31 08909924 c:FRS102 2024-01-01 2024-12-31 08909924 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08909924 c:FullAccounts 2024-01-01 2024-12-31 08909924 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08909924 2 2024-01-01 2024-12-31 08909924 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 08909924 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08909924 f:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08909924














GREEN MOUNTAIN ESTATES LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 DECEMBER 2024

 
GREEN MOUNTAIN ESTATES LTD
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 7

 
GREEN MOUNTAIN ESTATES LTD
REGISTERED NUMBER:08909924

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,640
10,706

Investment property
 5 
27,141,114
26,225,786

  
27,148,754
26,236,492

Current assets
  

Debtors: amounts falling due within one year
 6 
1,177,751
582,335

Cash at bank and in hand
  
976,407
3,495,857

  
2,154,158
4,078,192

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(233,433)
(215,403)

Net current assets
  
 
 
1,920,725
 
 
3,862,789

Total assets less current liabilities
  
29,069,479
30,099,281

Creditors: amounts falling due after more than one year
 8 
(13,085,835)
(14,404,871)

Provisions for liabilities
  

Deferred tax
 9 
(2,887,500)
(2,846,854)

  
 
 
(2,887,500)
 
 
(2,846,854)

Net assets
  
13,096,144
12,847,556


Capital and reserves
  

Called up share capital 
 10 
1
1

Share premium account
  
420,000
420,000

Revaluation reserve
  
9,461,396
9,339,459

Profit and loss account
  
3,214,747
3,088,096

  
13,096,144
12,847,556

Page 1

 
GREEN MOUNTAIN ESTATES LTD
REGISTERED NUMBER:08909924
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2025.




M Shalam
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
GREEN MOUNTAIN ESTATES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Green Mountain Estates Ltd is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company during the year was that of property investment.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable. 
Turnover comprises rent receivable during the year.
Rent receivable is recognised in the period to which it relates.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line
Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Page 3

 
GREEN MOUNTAIN ESTATES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.5

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans from banks and loans from related parties.
Trade debtors and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors.
Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash at bank and in hand comprise cash balances and call deposits.
.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
GREEN MOUNTAIN ESTATES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 January 2024
92,681
4,690
97,371



At 31 December 2024

92,681
4,690
97,371



Depreciation


At 1 January 2024
82,878
3,787
86,665


Charge for the year on owned assets
2,733
333
3,066



At 31 December 2024

85,611
4,120
89,731



Net book value



At 31 December 2024
7,070
570
7,640



At 31 December 2023
9,803
903
10,706


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
26,225,786


Additions at cost
752,745


Surplus on revaluation
162,583



At 31 December 2024
27,141,114

The 2024 valuations were made by the director, on an open market value for existing use basis.


On a historical cost basis, these would have been included at an original cost of £14,792,217 (2023 - £14,039,472)



Page 5

 
GREEN MOUNTAIN ESTATES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Other debtors
1,150,743
525,197

Prepayments and accrued income
27,008
57,138

1,177,751
582,335


Included within other debtors due within one year is amounts owed by the director of £150,286. The director intends to repay the loan in full within 9 months of the year end.


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
165,243
162,375

Trade creditors
1,824
2,604

Other taxation and social security
43,377
25,485

Accruals and deferred income
22,989
24,939

233,433
215,403


The bank loans are secured by charges over certain specific investment properties owned by the company.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,085,835
13,241,173

Other creditors
-
1,163,698

13,085,835
14,404,871


The bank loans are secured by charges over certain specific investment properties owned by the company.

Page 6

 
GREEN MOUNTAIN ESTATES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
2,846,854
1,408,744


Charged to profit or loss
40,646
1,438,110



At end of year
2,887,500
2,846,854

2024
2023
£
£


Fair value movements
2,887,500
2,846,854


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



125 Ordinary shares of £0.01 each
1
1


Page 7