Greentrade Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04955270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

GREENTRADE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Grunzweig

SECRETARY:

Mrs K Grunzweig

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

04955270 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

3

798

938

Investment property

4

615,579

35,353

616,377

36,291

CURRENT ASSETS

Cash at bank and in hand

100,801

9,131

CREDITORS

Amounts falling due within one year

5

1,620

21,538

NET CURRENT ASSETS/(LIABILITIES)

99,181

(12,407

)

TOTAL ASSETS LESS CURRENT LIABILITIES

715,558

23,884

CREDITORS

Amounts falling due after more than one year

6

717,320

16,848

NET (LIABILITIES)/ASSETS

(1,762

)

7,036

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,764

)

7,034

SHAREHOLDERS' FUNDS

(1,762

)

7,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 October 2018 and were signed by:

J Grunzweig - Director

1.	STATUTORY INFORMATION

Greentrade Ltd 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 the provisions of Section 1A "Small Entities" of 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.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Depreciation

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy

results in the financial statements giving true and fair view.

Investment properties

Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with

Financial Reporting Standard for Smaller Entities(effective April 2008), which requires such properties to be

stated at current market value.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2016

and 30 November 2017

2,686

DEPRECIATION

At 1 December 2016

1,748

Charge for year

140

At 30 November 2017

1,888

NET BOOK VALUE

At 30 November 2017

798

At 30 November 2016

938

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

35,353

Additions

580,226

At 30 November 2017

615,579

NET BOOK VALUE

At 30 November 2017

615,579

At 30 November 2016

35,353

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Taxation and social security

-

1,906

Other creditors

1,620

19,632

1,620

21,538

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans

717,320

16,848

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

700,472

-