REGISTERED NUMBER: 11174518 (England and Wales)

Financial Statements for the Period 1 April 2024 to 30 September 2025

for

Greenthink Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H M S J Mott

SECRETARY:

Mr A Rohlandt

REGISTERED OFFICE:

Olympus Park

2 Olympus Park

Quedgeley

Gloucester

Gloucestershire

GL2 4DH

REGISTERED NUMBER:

11174518 (England and Wales)

SENIOR STATUTORY AUDITOR:

Adam Burt ACA FCCA

AUDITORS:

R. M. Chancellor & Company Limited

Chartered Accountants and Statutory Auditors

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

FIXED ASSETS

Tangible assets

5

-

4,133

CURRENT ASSETS

Debtors

6

574

233,144

Cash at bank

-

5,266

574

238,410

CREDITORS

Amounts falling due within one year

7

616,760

558,187

NET CURRENT LIABILITIES

(616,186

)

(319,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(616,186

)

(315,644

)

CREDITORS

Amounts falling due after more than one year

8

-

(25,759

)

PROVISIONS FOR LIABILITIES

-

(1,033

)

NET LIABILITIES

(616,186

)

(342,436

)

CAPITAL AND RESERVES

Called up share capital

12,432

12,432

Share premium

497,368

497,368

Capital redemption reserve

200

200

Retained earnings

(1,126,186

)

(852,436

)

(616,186

)

(342,436

)

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 director and authorised for issue on 24 September 2026 and were signed by:

Mr H M S J Mott - Director

1.	STATUTORY INFORMATION

Greenthink Ltd is a private company, limited by shares , 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Change in accounting period

The financial statements have been prepared for the longer period of 18 months and therefore the amounts presented in the financial statements (including the related notes) are not entirely comparable with the previous period of 12 months.

The reason for the extended period of reporting is for the company's financial year end to be more inline with financial year ends of the other companies within the group.

Going concern

These financial statements have been prepared on a going concern basis. The company ceased trading on 1 December 2023 and had net liabilities at the balance sheet date.

The director confirms that the company is to be dormant for the foreseeable future.

The company is currently able to meet its liabilities as they fall due with support from Vergo Pest Management Limited, a connected company.

After considering these matters, the director considers it appropriate to prepare the financial statements on a going concern basis. These financial statements do not include any adjustments that would be required if the company were unable to continue as a going concern.

Preparation of consolidated financial statements

The financial statements contain information about Greenthink Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - 6 ).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

16,490

Disposals

(16,490

)

At 30 September 2025

-

DEPRECIATION

At 1 April 2024

12,357

Eliminated on disposal

(12,357

)

At 30 September 2025

-

NET BOOK VALUE

At 30 September 2025

-

At 31 March 2024

4,133

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

4,903

Amounts owed by group undertakings

-

226,517

Other debtors

574

1,724

574

233,144

During the period, the company provided connected companies with interest-free loans totalling £225,794 (2024 - £226,517). This balance has been determined as irrecoverable, however, it has not been formally waived. As a result, a provision for impairment of the total loan receivable has been recognised to reduce the carrying value of the loan to £Nil within debtors, and the corresponding expense has been recognised in the profit and loss account.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

11,835

Trade creditors

-

780

Amounts owed to group undertakings

603,260

524,026

Other creditors

13,500

21,546

616,760

558,187

Other creditors includes a balance of £13,500 (2024 - £21,204) in relation to accruals, and £nil (2024 - £342) in relation to other creditors.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

25,759

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

During the audit it was found that adequate accounting records could not be obtained in multiple areas. This is detailed below:

1. Verification of Opening Balances, Revenue, and Reserves

We were unable to verify the opening balances brought forward from the prior financial year ended 31 March 2024 because the income recorded in that prior period could not be verified. Since opening balances enter into the determination of the current period’s financial performance, cash flows, and closing equity balances, we were unable to determine whether any adjustments were necessary regarding the revenue and net results recorded in the current year's income statement. Furthermore, due to the lack of evidence supporting these opening figures, we were unable to verify the accuracy, classification, and completeness of the opening or closing balances of the Company's Reserves.

2. Income on Cessation of Trade

During the prior accounting period, the Company underwent a cessation of trade. Management applied an adjustment for income resulting from this cessation during this financial period to the value of £14,216. However, we were not provided with sufficient appropriate audit evidence to verify the validity, measurement, and completeness of this adjustment. Consequently, we were unable to satisfy ourselves by alternative means as to whether the income adjustment arising from the cessation of trade is fairly stated.

3. Bank Balances

The Company was unable to provide official bank statements or independent bank confirmations covering the financial period. As a result, we could not confirm the existence or valuation of the Company’s cash at bank, nor could we verify any unrecorded transactions or bank reconciliations.

4. Purchases and Trade Payables

We were unable to verify the Purchases figure of £21,273 recorded in the income statement for the year. Management was unable to provide the underlying third-party purchase invoices, delivery notes, or supplier statements to substantiate these expenditures. We were consequently unable to satisfy ourselves by alternative audit procedures as to the accuracy and completeness of these purchases, or the accuracy of any associated trade payables.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Matters required to report by exception

Notwithstanding our disclaimer of an opinion on the financial statements, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit performed subject to the pervasive limitation described above, we have not identified material misstatements in the directors’ report.

Arising from the limitation of our work referred to above:

-

we have not obtained all the information and explanations that we considered necessaryfor the purpose of our audit; and

-

we were unable to determine whether adequate accounting records have been kept.

Adam Burt ACA FCCA (Senior Statutory Auditor)

for and on behalf of R. M. Chancellor & Company Limited

10.	RELATED PARTY DISCLOSURES

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.

11.	PARENT AND ULTIMATE CONTROLLING PARTY

The immediate parent company of the company is Wordingham Assets Limited of which its registered office address is 2 Olympus Park Business Centre, Quedgeley, Gloucester, GL2 4DH.

The largest company and the smallest group of undertakings for which consolidated accounts are prepared is Tyro Bidco AS, of which its registered office address is C/o Pelias Norsk, Skadedyrkontrollas, Dammenvegan 2, 2414 Elverum, Norway.

The ultimate holding and controlling party is Norvestor VIII SCSp, a special limited partnership established in Luxembourg.