ACCOUNTS - Final Accounts preparation

Registered number: 15522714

GREEN GOAT STORAGE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


GREEN GOAT STORAGE LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 7


GREEN GOAT STORAGE LIMITED REGISTERED NUMBER:15522714

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
Note		£

Fixed assets
Tangible assets	4		9,652
			9,652
Current assets
Debtors: amounts falling due within one year	5	47,978
Cash at bank and in hand	6	32,695
		80,673
Creditors: amounts falling due within one year	7	(259,100)
Net current liabilities			(178,427)
Total assets less current liabilities			(168,775)

Net liabilities			(168,775)

Capital and reserves
Called up share capital	8	1
Profit and loss account		(168,776)
		(168,775)


GREEN GOAT STORAGE LIMITED REGISTERED NUMBER:15522714

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit and loss account 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 by:

R J Beim

Director

Date: 6 October 2025

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


GREEN GOAT STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

The company is a private company, limited by shares and registered in England and Wales, registration number 15522714. The registered office address is Unit 7, The Old Power Station, 121 Mortlake High Street, London, SW14 8SN.

The company was incorporated on 26 February 2024 and commenced trading on the same date.

On 10 April 2024, the company changed its registered office address from 153 Hurlingham Road, Fulham, SW6 3NN to Unit 7, The Old Power Station, 121 Mortlake High Street, London, SW14 8SN.

The principal activity of the company is the rental of self storage units.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis as the director has confirmed the parent company will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

2.3

Turnover

Turnover from the rental of self storage units is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Interest income

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

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


GREEN GOAT STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.7

Taxation

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 balance sheet 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 balance sheet 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 balance sheet date.


GREEN GOAT STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles	-	33%
Office equipment	-	20%
Computer equipment	-	20%

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 profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.10

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.

2.11

Creditors

Short-term creditors are measured at the transaction price.

2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and amounts due to related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Employees

The average monthly number of employees, including directors, during the period was 3.


GREEN GOAT STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Motor vehicles	Office equipment	Computer equipment	Total
	£	£	£	£
Cost or valuation
Additions	7,542	940	1,768	10,250
At 31 December 2024	7,542	940	1,768	10,250
Depreciation
Charge for the period	419	61	118	598
At 31 December 2024	419	61	118	598
Net book value
At 31 December 2024	7,123	879	1,650	9,652

Debtors

					2024
					£


	Trade debtors	1,023
	Other debtors	3,126
	Prepayments and accrued income	43,829
		47,978

6.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	32,695


GREEN GOAT STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024
		£

	Trade creditors	93,285
	Amounts owed to group undertakings	148,300
	Other taxation and social security	891
	Other creditors	615
	Accruals and deferred income	16,009
		259,100

8.	Share capital
		2024
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00	1

On incorporation, the company issued 1 ordinary shares at a nominal value of £1 per share.

9.	Pension commitments

The company operates a defined contributions pension scheme,The pension cost charge represents contributions amounted to £77. Contributions totalling £NIL were payable at the balance sheet date and are included in creditors.

10.	Related party transactions
	No disclosure has been made in respect of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35. Included within other creditors, is £615 due to the dirctor, the loan is interest free and repayable on demand.