Registration number: 09440105

Greens Models Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Greens Models Ltd

Company Information

Directors

S J Green A J Green

Registered office

Unit 15 Priory Farm Chewton Mendip Radstock Somerset BA3 4NT

Accountants

Burton Sweet Limited Chartered Accountants and Business Advisers Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Greens Models Ltd

(Registration number: 09440105)
Balance Sheet
28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	487	648
Current assets
Stocks	5	41,273	28,594
Debtors	6	-	192
Cash at bank and in hand		17,964	21,064
		59,237	49,850
Creditors: Amounts falling due within one year	7	(13,812)	(17,216)
Net current assets		45,425	32,634
Total assets less current liabilities		45,912	33,282
Creditors: Amounts falling due after more than one year	7	(1,007)	(3,999)
Net assets		44,905	29,283
Capital and reserves
Called up share capital		1	1
Retained earnings		44,904	29,282
Shareholders' funds		44,905	29,283

Greens Models Ltd

(Registration number: 09440105)
Balance Sheet
28 February 2025

For the financial year ending 28 February 2025 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 year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 7 September 2025 and signed on its behalf by:
 

......................................... S J Green Director

Greens Models Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

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:
Unit 15 Priory Farm
Chewton Mendip
Radstock
Somerset
BA3 4NT

These financial statements were authorised for issue by the Board on 7 September 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.

Going concern

The financial statements have been prepared on a going concern basis due to the continued support of the director, given the reported a negative reserves position.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the sale of goods in the ordinary course of the company’s activities and is shown net of value added tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Greens Models Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

The current corporation 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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixture & Fittings	25% reducing balance
Office equipment	25% reducing balance

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 goods sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recorded at transaction price. 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Greens Models Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 March 2024	503	2,894	3,397
At 28 February 2025	503	2,894	3,397
Depreciation
At 1 March 2024	459	2,290	2,749
Charge for the year	11	150	161
At 28 February 2025	470	2,440	2,910
Carrying amount
At 28 February 2025	33	454	487
At 29 February 2024	44	604	648

5

Stocks

	2025 £	2024 £
Stock for resale	41,273	28,594

6

Debtors

	2025 £	2024 £
Other debtors	-	192
	-	192

Greens Models Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	3,096	12,375
Trade creditors		301	68
Taxation and social security		7,952	3,264
Accruals and deferred income		1,410	1,509
Other creditors		1,053	-
		13,812	17,216

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,007	3,999

Greens Models Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,007	3,999

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,000	3,000
Other borrowings	96	9,375
	3,096	12,375