Greenholme Enterprises Limited - Accounts to registrar (filleted) - small 18.2

Greenholme Enterprises Limited - Accounts to registrar (filleted) - small 18.2

GREENHOLME ENTERPRISES LIMITED - Company Information

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REGISTERED NUMBER: 02923413 (England and Wales)















Financial Statements for the Year Ended 31 December 2019

for

Greenholme Enterprises Limited
Greenholme Enterprises Limited (Registered number: 02923413)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Greenholme Enterprises Limited

Company Information
for the Year Ended 31 December 2019







DIRECTORS: S Mautner
S Sheldon





REGISTERED OFFICE: 103-104 St Johns Wood Terrace
London
NW8 6PL





REGISTERED NUMBER: 02923413 (England and Wales)





AUDITORS: David Lloyd & Co, Statutory Auditor
Chartered Accountants
15 Sackville Street
Mayfair
London
W1S 3DN
Page 1
Greenholme Enterprises Limited (Registered number: 02923413)

Balance Sheet
31 December 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 3,001 3,001
3,001 3,001

CURRENT ASSETS
Debtors 6 440,843 382,811
Cash at bank 13,903 99,808
454,746 482,619
CREDITORS
Amounts falling due within one year 7 76,367 102,332
NET CURRENT ASSETS 378,379 380,287
TOTAL ASSETS LESS CURRENT
LIABILITIES
381,380
383,288

CAPITAL AND RESERVES
Called up share capital 200,002 200,002
Retained earnings 181,378 183,286
SHAREHOLDERS' FUNDS 381,380 383,288

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 Board of Directors and authorised for issue on 18 December 2020 and were signed on its behalf by:





S Mautner - Director


The notes form part of these financial statements

Page 2
Greenholme Enterprises Limited (Registered number: 02923413)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

Greenholme Enterprises Limited 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from fees and commission receivable net of VAT, which falls within the company's ordinary activities.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

Page 3 continued...
Greenholme Enterprises Limited (Registered number: 02923413)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2019
and 31 December 2019 95,645
AMORTISATION
At 1 January 2019
and 31 December 2019 95,645
NET BOOK VALUE
At 31 December 2019 -
At 31 December 2018 -

5. FIXED ASSET INVESTMENTS

31.12.19 31.12.18
£    £   
Participating interests 1 1
Other loans 3,000 3,000
3,001 3,001

Additional information is as follows:
Interest
in joint
venture
£   
COST
At 1 January 2019
and 31 December 2019 1
NET BOOK VALUE
At 31 December 2019 1
At 31 December 2018 1
Other
loans
£   
At 1 January 2019
and 31 December 2019 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade debtors 51,615 96,562
Amounts owed by parent 360,378 258,308
Other debtors 28,850 27,941
440,843 382,811

Page 4 continued...
Greenholme Enterprises Limited (Registered number: 02923413)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade creditors 31,568 34,395
Taxation and social security 33,171 43,693
Other creditors 11,628 24,244
76,367 102,332

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

The Report of the Auditors was unqualified.

David Lloyd (Senior Statutory Auditor)
for and on behalf of David Lloyd & Co, Statutory Auditor

9. RELATED PARTY DISCLOSURES

Included in debtors is £360,378 (December 2018 - £258,308), owed by Finebase Limited, the parent company and £3,755, (December 2018 - £4,221) owed by Wood West Management Limited.

During the year the company collected management fees of £225,300 (December 2018 - £221,267) belonging to Wood West Management Limited. These are subsequently paid over to Wood West Management Limited.

10. POST BALANCE SHEET EVENTS

The COVID-19 Outbreak and its social and economic consequences on particular sectors of business and society are now known worldwide.
The Directors have considered the effects of the Events brought about by the recent COVID-19 outbreak and do not consider that the outbreak is likely to have a significant impact on the business.

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