REGISTERED NUMBER: 10976887 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Going Green For a Living Community

Land Trust Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O J Durbridge

A D Gentle

T L Macdonnell

Mrs A Hitchcox

Mrs S L Hawkins

REGISTERED OFFICE:

Hafan Yr Afon Building

Back Lane car park

Newtown

Powys

SY16 2NH

REGISTERED NUMBER:

10976887 (England and Wales)

ACCOUNTANTS:

Morgan Griffiths LLP

Chartered Accountants

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

FIXED ASSETS

Tangible assets

4

1,777,428

1,862,621

CURRENT ASSETS

Stocks

4,035

2,730

Debtors

5

53,334

37,091

Cash at bank and in hand

113,050

115,887

170,419

155,708

CREDITORS

Amounts falling due within one year

6

146,369

138,862

NET CURRENT ASSETS

24,050

16,846

TOTAL ASSETS LESS CURRENT LIABILITIES

1,801,478

1,879,467

CREDITORS

Amounts falling due after more than one year

7

1,901,097

1,883,625

NET LIABILITIES

(99,619

)

(4,158

)

RESERVES

Income and expenditure account

(99,619

)

(4,158

)

(99,619

)

(4,158

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 surplus or deficit 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:

T L Macdonnell - Director

1.	STATUTORY INFORMATION

Going Green For a Living Community Land Trust Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover comprises of grant income and a service level agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is credited to profit and loss.

Going concern

The directors acknowledge the net liabilities position at the year end but are confident the organisation will trade out of the position and therefore the accounts have been prepared on a going concern basis

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2023

1,893,360

60,601

1,953,961

Additions

-

2,538

2,538

Disposals

-

(580

)

(580

)

At 30 September 2024

1,893,360

62,559

1,955,919

DEPRECIATION

At 1 October 2023

78,418

12,922

91,340

Charge for year

75,655

11,622

87,277

Eliminated on disposal

-

(126

)

(126

)

At 30 September 2024

154,073

24,418

178,491

NET BOOK VALUE

At 30 September 2024

1,739,287

38,141

1,777,428

At 30 September 2023

1,814,942

47,679

1,862,621

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

36,410

24,752

Other debtors

16,924

12,339

53,334

37,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

27,510

27,510

Trade creditors

20,498

9,131

Taxation and social security

16,739

4,745

Other creditors

81,622

97,476

146,369

138,862

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

41,279

66,383

Other creditors

1,859,818

1,817,242

1,901,097

1,883,625

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

8,206

-