Greenredeem Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06864993

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		273,511		276,907

			273,511		276,907
CURRENT ASSETS
Debtors	5	38,496		51,126
Cash at bank and in hand		30,483		28,870

		68,979		79,996
Creditors: Amounts Falling Due Within One Year	6	(110,444 )		(119,432 )

NET CURRENT ASSETS (LIABILITIES)			(41,465 )		(39,436 )

TOTAL ASSETS LESS CURRENT LIABILITIES			232,046		237,471

Creditors: Amounts Falling Due After More Than One Year	7		(1,060,426 )		(858,738 )

NET LIABILITIES			(828,380 )		(621,267 )

CAPITAL AND RESERVES
Called up share capital	8		564,890		564,890
Profit and Loss Account			(1,393,270 )		(1,186,157 )

SHAREHOLDERS' FUNDS			(828,380)		(621,267)

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Greenredeem Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M H Ball

Director

19/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Greenredeem Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06864993 . The registered office is 5 Bradfield Court, Milton Road, Drayton, ABINGDON, Oxfordshire, OX14 4EF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The company has made a net loss of £181,049 for the year ended 31st December 2024 and, at that date, liabilities exceeded assets by £621,267.

The financial statements are prepared on the going concern basis because the director and 100% ordinary shareholder, Mr Neil Grundon, has undertaken to provide continuing financial support so that the company is able to pay its debts as and when they fall due.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	over 50 years
Plant & Machinery	33% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 5)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2025	308,325	200,557	508,882
Additions	-	3,636	3,636

As at 31 December 2025	308,325	204,193	512,518

...CONTINUED

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Greenredeem Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	31,418	200,557	231,975
Provided during the period	6,167	865	7,032

As at 31 December 2025	37,585	201,422	239,007

Net Book Value
As at 31 December 2025	270,740	2,771	273,511

As at 1 January 2025	276,907	-	276,907

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	35,506	41,802
Prepayments and accrued income	2,990	2,811
Other debtors	-	6,513

	38,496	51,126

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,998	3,667
Bank loans and overdrafts	1,862	-
Other taxes and social security	7,249	-
VAT	2,298	4,363
Other creditors	7,716	1,808
Accruals and deferred income	85,321	109,594

	110,444	119,432

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	21,731
Other loans	1,060,426	837,007

	1,060,426	858,738

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	564,890	564,890

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Greenredeem Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Related Party Transactions

Mr Neil Grundon, director and 100% shareholder in Greenredeem Limited, is also a director and shareholder in Grundon Waste Management Limited (GWM Ltd).

Greenredeem Limited was in receipt of two loans from GWM Limited during the year. The first loan has no fixed repayment term and is in the sum of £690,500 (2024: £478,000). No interest is charged on this loan.

The second loan is a mortgage in the sum of £310,000. This loan has no fixed term and interest is charged at the rate of 3% per annum. The loan is secured by a charge over the company's premises at 5 Bradfield Court, Milton Road, Drayton, Abingdon, OX14 4EF.

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