REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2020 |
|
FOR |
|
GREENPLAN DESIGNER HOMES (TURNERS HILL) |
LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2020 |
|
FOR |
|
GREENPLAN DESIGNER HOMES (TURNERS HILL) |
LIMITED |
GREENPLAN DESIGNER HOMES (TURNERS HILL) |
LIMITED (REGISTERED NUMBER: 11357340) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
GREENPLAN DESIGNER HOMES (TURNERS HILL) |
LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Pavilion View |
19 New Road |
Brighton |
East Sussex |
BN1 1EY |
GREENPLAN DESIGNER HOMES (TURNERS HILL) |
LIMITED (REGISTERED NUMBER: 11357340) |
|
BALANCE SHEET |
31 MARCH 2020 |
|
2020 | 2019 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
|
|
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
6 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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
|
|
|
|
|
|
|
|
GREENPLAN DESIGNER HOMES (TURNERS HILL) |
LIMITED (REGISTERED NUMBER: 11357340) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
1. | STATUTORY INFORMATION |
|
Greenplan Designer Homes (Turners Hill) Limited is a
|
|
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. At the year end the company had net current assets of £200,041 (2019: £1,125,326). The directors have considered the potential global impact of the COVID-19 pandemic on the company's activities and operations and concluded that the ongoing pandemic is not expected to have a material impact on the company's trading from at least 12 months from the date of approval of the financial statements. On that basis the directors are satisfied that the going concern basis of preparing the financial statements is appropriate. |
|
Stocks |
Work in progress is held at lower of cost and estimated selling price less costs to complete and sell which is the equivalent to the net realisable value. Cost comprises direct materials and where applicable, direct labour costs and overheads that have been incurred in building the properties to their present condition. |
|
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. |
|
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
GREENPLAN DESIGNER HOMES (TURNERS HILL) |
LIMITED (REGISTERED NUMBER: 11357340) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2019 - NIL). |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
|
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts (see note 7) |
|
|
Trade creditors |
|
|
Amounts owed to connected companies | 443,664 | 455,840 |
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans (see note 7) |
|
|
Other creditors |
|
|
|
|
|
7. | LOANS |
|
An analysis of the maturity of loans is given below: |
|
2020 | 2019 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
|
|
Other loans |
|
|
|
|
|
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
|
|
Other loans - 1-2 years | 199,251 |
|
|
|
GREENPLAN DESIGNER HOMES (TURNERS HILL) |
LIMITED (REGISTERED NUMBER: 11357340) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
7. | LOANS - continued |
|
The Bank loan is due in between 1 and 2 years with interest charged at 6.30% above LIBOR. |
|
The other loan is due in between 1 and 2 years with interest charged at 24%. |
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2020 | 2019 |
£ | £ |
Bank loans |
|
|
Other loans |
|
|
|
|
|
The loans are secured by fixed and floating charges over all the assets of the company both present and future. |
|
9. | CALLED UP SHARE CAPITAL |
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
|
'A' Ordinary | £1 | 75 | 75 |
|
'B' Ordinary | £1 | 25 | 25 |
100 | 100 |