Company Registration No. 04147756 (England and Wales)
WASHINGTON GREEN ETCETERA LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2021
WASHINGTON GREEN ETCETERA LIMITED
CONTENTS
Page
Directors' report
1
Profit and loss account
2
Balance sheet
3
Notes to the financial statements
4 - 5
WASHINGTON GREEN ETCETERA LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 OCTOBER 2021
- 1 -
The directors present their annual report and financial statements for the period ended 31 October 2021.
Principal activities
The company did not trade during the period or in the previous year.
Directors
The directors who held office during the period and up to the date of signature of the financial statements were as follows:
G Washington
M Haines
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
G Washington
Director
26 July 2022
WASHINGTON GREEN ETCETERA LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 OCTOBER 2021
- 2 -
Period
Year
ended
ended
31 October
30 April
2021
2020
Notes
£
£
Exceptional item
2
(236,024)
Loss before taxation
(236,024)
Tax on loss
Loss for the financial period
(236,024)
WASHINGTON GREEN ETCETERA LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2021
31 October 2021
- 3 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
4
236,024
Net current assets
236,024
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
(10)
236,014
Total equity
236,024
For the financial period ended 31 October 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
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.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 July 2022 and are signed on its behalf by:
G Washington
Director
Company Registration No. 04147756
WASHINGTON GREEN ETCETERA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2021
- 4 -
1
Accounting policies
Company information
Washington Green Etcetera Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Unit 15 Spitfire Road, Erdington, Birmingham, B24 9PR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Reporting period
The current period figures relate to 1 May 2020 to 31 October 2021. The comparative figures are for the year ended 30 April 2020. Therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. The reason for using a longer period is to align the period end date (31 October) with the parent company and other group companies.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which
consist of
debtors
are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Exceptional item
2021
2020
£
£
Expenditure
Related company debt waived
236,024
-
WASHINGTON GREEN ETCETERA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2021
- 5 -
3
Employees
There were no employees in the period or in the previous year.
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
236,024