Company Registration No. 03019504 (England and Wales)
Green Man Tower Limited
Unaudited accounts
for the year ended 28 February 2025
Green Man Tower Limited
Company Information
for the year ended 28 February 2025
Company Number
03019504 (England and Wales)
Registered Office
C/O Accounts And Legal
81 King Street
Manchester
Greater Manchester
M2 4AH
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Green Man Tower Limited
Accountants' report
Accountants' report to the director of Green Man Tower Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Green Man Tower Limited for the year ended
28 February 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Green Man Tower Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Green Man Tower Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Man Tower Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Green Man Tower Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Green Man Tower Limited. You consider that Green Man Tower 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 accounts of Green Man Tower 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 accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
23 June 2025
Green Man Tower Limited
Statement of financial position
as at 28 February 2025
Investment property
2,490,000
2,490,000
Cash at bank and in hand
3,647
65,523
Creditors: amounts falling due within one year
(273,711)
(306,578)
Net current assets
347,456
335,500
Total assets less current liabilities
2,838,423
2,827,188
Provisions for liabilities
Deferred tax
(395,014)
(395,194)
Net assets
2,443,409
2,431,994
Called up share capital
2
2
Revaluation reserve
1,579,089
1,579,089
Profit and loss account
864,318
852,903
Shareholders' funds
2,443,409
2,431,994
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2025 and were signed on its behalf by
Carl Lomas
Director
Company Registration No. 03019504
Green Man Tower Limited
Notes to the Accounts
for the year ended 28 February 2025
Green Man Tower Limited is a private company, limited by shares, registered in England and Wales, registration number 03019504. The registered office is C/O Accounts And Legal, 81 King Street, Manchester, Greater Manchester, M2 4AH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents rental income derived from residential properties owned and managed by the company. Rental income is recognised on an accrual basis, reflecting the period in which tenants occupy the properties and the company earns the right to receive payment.
Interest income is recognised in profit or loss using the effective interest method.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% Straight Line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Green Man Tower Limited
Notes to the Accounts
for the year ended 28 February 2025
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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.
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 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 except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 March 2024
2,490,000
At 28 February 2025
2,490,000
The company owns investment properties that are carried at fair value in accordance with FRS 102, Section 16.
During the financial year, the company has not undertaken a revaluation of its investment properties. The carrying value of the properties remains unchanged from the previous reporting period, except for adjustments related to depreciation, additions, and disposals where applicable.
The directors believe that the carrying value of the properties continues to reflect their fair value, based on available market data and prior valuations. No indicators of impairment have been identified
Green Man Tower Limited
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Accrued income and prepayments
10,338
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
582,778
569,158
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,505
28,358
Other creditors
19,250
24,501
Loans from directors
243,038
253,719
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
253,719
569
11,250
243,038
253,719
569
11,250
243,038
Advances totalling £569 have been made in the period and £11,250 has been repaid. The loan is unsecured and has no fixed terms of repayment.
9
Transactions with related parties
During the financial year the company engaged in related party transactions with its parent subsidiary Investpower Ltd, which holds 75% or more of the voting rights. At the balance sheet date, the company had the following outstanding balances with Investpower Limited;
Amounts due from Investpower Limited: (2025 £582,778), (2024 £569,158).
During the year Investpower Ltd invoiced Green Man Tower Ltd £65,000, (2024: £55,000), for management services and settled under normal commercial terms. At the year end date there were no outstanding balances.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).