Greenstar Resources Limited Filleted accounts for Companies House (small and micro)

GREENSTAR RESOURCES LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2019-04-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 4414368 2019-04-01 2020-03-31 4414368 2020-03-31 4414368 2019-03-31 4414368 2019-03-31 4414368 bus:Director1 2019-04-01 2020-03-31 4414368 core:WithinOneYear 2020-03-31 4414368 core:WithinOneYear 2019-03-31 4414368 core:ShareCapital 2020-03-31 4414368 core:ShareCapital 2019-03-31 4414368 core:RetainedEarningsAccumulatedLosses 2020-03-31 4414368 core:RetainedEarningsAccumulatedLosses 2019-03-31 4414368 bus:SmallEntities 2019-04-01 2020-03-31 4414368 bus:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 4414368 bus:AbridgedAccounts 2019-04-01 2020-03-31 4414368 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-03-31 4414368 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 4414368 core:ComputerEquipment 2019-04-01 2020-03-31 4414368 core:AllAssociates core:AdministrativeServices 2019-04-01 2020-03-31

COMPANY REGISTRATION NUMBER: 4414368

Greenstar Resources Limited

Filleted Unaudited Abridged Financial Statements

31 March 2020

Greenstar Resources Limited

Abridged Statement of Financial Position

31 March 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	4		902	1,287

Current assets

Debtors	19,000	19,000
Cash at bank and in hand	6,168	1,073
	--------	--------
	25,168	20,073

Creditors: amounts falling due within one year	13,011		12,926
	--------		--------
Net current assets		12,157	7,147
		--------	-------
Total assets less current liabilities		13,059	8,434
		--------	-------
Net assets		13,059	8,434
		--------	-------

Capital and reserves

Called up share capital	50,000	50,000
Profit and loss account	( 36,941)	( 41,566)
	--------	--------
Shareholders funds	13,059	8,434
	--------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31st March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31st March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

Greenstar Resources Limited

Abridged Statement of Financial Position (continued)

31 March 2020

These abridged financial statements were approved by the board of directors and authorised for issue on 23 November 2020 , and are signed on behalf of the board by:

A R Beveridge

Director

Company registration number: 4414368

Greenstar Resources Limited

Notes to the Abridged Financial Statements

Year ended 31st March 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, West Sussex, RH17 7QX.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

4. Tangible assets

	£
Cost
At 1st April 2019 and 31st March 2020	10,436
	--------
Depreciation
At 1st April 2019	9,149
Charge for the year	385
	--------
At 31st March 2020	9,534
	--------
Carrying amount
At 31st March 2020	902
	--------
At 31st March 2019	1,287
	--------

5. Related party transactions

During the year, A R Beveridge was paid £14,342 (2019: £11,820) in fees and expenses provided to the company. During the year L A C Beveridge was paid £10,000 (2019: £14,000) and H. Beveridge was paid £38,000 (2019: £440,150) in fees for services provided to the company.