Greenholme Enterprises Limited
Greenholme Enterprises Limited
Registered number: 02923413
Financial Statements
For The Year Ended
31 December 2022
Greenholme Enterprises Limited
Financial Statements
For The Year Ended
31 December 2022
Financial Statements
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 2—4 |
Page 1
Greenholme Enterprises Limited
Balance Sheet
As at
31 December 2022
Balance Sheet
Registered number:
02923413
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 592,920 | 378,934 | |||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Greenholme Enterprises Limited
Notes to the Financial Statements
For The Year Ended
31 December 2022
Notes to the Financial Statements
1.
General Information
Greenholme Enterprises Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
02923413
. The registered office is 103-104 St Johns Wood Terrace, London, NW8 6PL.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2021: 7)
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Page 3
Greenholme Enterprises Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
4.
Investments
| Associates | Unlisted | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at
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| As at
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| Provision | |||
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- |
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| Net Book Value | |||
| As at
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3,001 |
| As at
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3,001 |
5.
Debtors
| 2022 | 2021 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Amounts owed by group undertakings |
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6.
Creditors: Amounts Falling Due Within One Year
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| Trade creditors |
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| PAYE & social security |
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| VAT |
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| Pension control |
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| Accruals |
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| Amounts owed to group undertakings |
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7.
Share Capital
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| Allotted, Called up and fully paid |
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8.
Related Party Transactions
Included in debtors is £750,299 (2021: £491,535) owed by Finebase Limited, the parent company and £3,249 (2021: £4,7720) owed by Wood West Management Limited a joint venture company.
During the year the company collected management fees of £196,839 (2021: £111,374) belonging to Wood West Management Limited. These are subsequently paid over to Wood West Management Limited.
Greenholme Enterprises Limited owed Finebase W9 Ltd, an assoicated company £171,975 (2021 : £nil)
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Page 4
Greenholme Enterprises Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
9.
FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10.
Ultimate Controlling Party
The company's ultimate controlling party is
Finebase Limited
by virtue of his ownership of 100% of the issued share capital in the company.
11.
Audit Information
The auditors report on the account of Greenholme Enterprises Limited for the year ended 31 December 2022 was unqualified
The auditor's report was signed by
Sarah Parker
(Senior Statutory Auditor)
for and on behalf of
Fulwells
, Statutory Auditor
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Epic House
128 Fulwell Road
Teddington
TW11 0RQ
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