Company No:
Contents
| DIRECTORS | N Lindsey (Appointed 13 August 2023) |
| S Lindsey (Appointed 13 August 2023) |
| REGISTERED OFFICE | 2 Leman Street |
| London | |
| E1W 9US | |
| United Kingdom |
| COMPANY NUMBER | 15068055 (England and Wales) |
| ACCOUNTANT | Gravita Business Services II Limited |
| Aldgate Tower | |
| 2 Leman Street | |
| London | |
| E1 8FA | |
| United Kingdom |
| Note | 31.12.2024 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 3 |
|
| 102,597 | ||
| Current assets | ||
| Debtors | 4 |
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| Cash at bank and in hand |
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|
| 12,147 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (121,687) | |
| Total assets less current liabilities | (19,090) | |
| Net liabilities | (
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| Capital and reserves | ||
| Called-up share capital | 6 |
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| Profit and loss account | (
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| Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of LITTLE GREEN APPLES LIMITED (registered number:
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S Lindsey
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Little Green Apples Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company was incorporated on 13 August 2023. These financial statements, which represent the company's first set of accounts, have been prepared for the period from incorporation to 31 December 2024, a period covering 507 days.
| Land and buildings | depreciated over the life of the lease |
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.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
| Period from 13.08.2023 to 31.12.2024 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including directors |
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| Land and buildings | Total | ||
| £ | £ | ||
| Cost | |||
| At 13 August 2023 |
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| Additions |
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| Disposals | (
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(
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| At 31 December 2024 |
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| Accumulated depreciation | |||
| At 13 August 2023 |
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| Charge for the financial period |
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| At 31 December 2024 |
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| Net book value | |||
| At 31 December 2024 | 102,597 | 102,597 |
| 31.12.2024 | |
| £ | |
| Other debtors |
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| 31.12.2024 | |
| £ | |
| Trade creditors |
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| Amounts owed to related parties |
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| Other creditors |
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| 31.12.2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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| 100 |
At the year end, the company owed £23,701 to N Lindsey, a director of the company, in respect of an interest free loan repayable on demand.
At the year end the company also owed £103,000 to NLWMF Limited, a company under common control of the director N Lindsey. The loan is interest free loan and repayable on demand.