Greens Commercial Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09716077 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Greens Commercial Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

971,525

Investment property

5

3,401,699

3,368,000

4,373,224

4,339,525

CURRENT ASSETS

Debtors

6

39,839

32,830

Cash at bank

215,347

19,789

255,186

52,619

CREDITORS

Amounts falling due within one year

7

1,168,685

1,302,402

NET CURRENT LIABILITIES

(913,499

)

(1,249,783

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,459,725

3,089,742

PROVISIONS FOR LIABILITIES

236,038

223,240

NET ASSETS

3,223,687

2,866,502

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

8

660,773

669,584

Retained earnings

2,562,814

2,196,818

SHAREHOLDERS' FUNDS

3,223,687

2,866,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 profit or loss 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 4 December 2025 and were signed on its behalf by:

F H Tyne - Director

1.	STATUTORY INFORMATION

Greens Commercial Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09716077

Registered office:

c/o Greens Decorating Contractors Ltd

School Street

Morley

Leeds

West Yorkshire

LS27 8BW

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Greens Commercial Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under the Companies Act 2006 from the requirements to prepare group accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiaries are accounted for at cost less impairment in the financial statements.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2024

and 31 May 2025

971,525

NET BOOK VALUE

At 31 May 2025

971,525

At 31 May 2024

971,525

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

3,368,000

Additions

33,699

At 31 May 2025

3,401,699

NET BOOK VALUE

At 31 May 2025

3,401,699

At 31 May 2024

3,368,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2024

881,031

Cost

2,520,668

3,401,699

If investment property had not been revalued it would have been included at the following historical cost:

31.5.25

31.5.24

£

Cost

2,520,668

2,486,969

Investment property was valued on an open market basis on 3 June 2024 by Carter Towler Chartered Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

11,180

4,213

Other debtors

28,659

28,617

39,839

32,830

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade creditors

26,230

32,102

Amounts owed to group undertakings

120,000

260,000

Taxation and social security

39,000

21,578

Other creditors

983,455

988,722

1,168,685

1,302,402

8.

RESERVES

Fair

value

reserve

£

At 1 June 2024

669,584

Reserves movement

(8,811

)

At 31 May 2025

660,773

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loaned funds to the company on an interest free basis throughout the financial year. The balance owed to the directors at the start of the year was £949,000. The balance due at 31 May 2025 is £950,001.