REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2021 |
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FOR |
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GREEN BEE HOMES LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2021 |
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FOR |
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GREEN BEE HOMES LIMITED |
GREEN BEE HOMES LIMITED (REGISTERED NUMBER: 08416293) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 8 |
GREEN BEE HOMES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
3 Durrant Road |
Bournemouth |
Dorset |
BH2 6NE |
GREEN BEE HOMES LIMITED (REGISTERED NUMBER: 08416293) |
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BALANCE SHEET |
28 FEBRUARY 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
GREEN BEE HOMES LIMITED (REGISTERED NUMBER: 08416293) |
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BALANCE SHEET - continued |
28 FEBRUARY 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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GREEN BEE HOMES LIMITED (REGISTERED NUMBER: 08416293) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2021 |
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1. | STATUTORY INFORMATION |
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Green Bee Homes Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover in the profit and loss account represents properties in which contracts have been completed during the year. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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GREEN BEE HOMES LIMITED (REGISTERED NUMBER: 08416293) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2021 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 March 2020 |
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Additions |
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At 28 February 2021 |
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DEPRECIATION |
At 1 March 2020 |
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Charge for year |
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At 28 February 2021 |
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NET BOOK VALUE |
At 28 February 2021 |
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At 29 February 2020 |
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GREEN BEE HOMES LIMITED (REGISTERED NUMBER: 08416293) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
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Trade debtors |
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Green Bee Homes (PR) Ltd | 10,009 | 4,734 |
Green Bee Homes (BR) Ltd | 555,003 | 581,902 |
VAT |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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VAT | - | 4,112 |
Other creditors |
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Boscombe Manor Investments Ltd | 123,511 | 23,524 |
Green Bee Homes Developments Ltd | 81,087 | - |
Directors' current accounts | 39,367 | - |
Accruals and deferred income |
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2021 | 2020 |
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Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 2,500 | - |
GREEN BEE HOMES LIMITED (REGISTERED NUMBER: 08416293) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2021 |
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8. | RELATED PARTY DISCLOSURES |
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At the balance sheet date the company had received loans from the director of £39,367 (2020 - £NIL) which are included in creditors falling due within one year. This balance is interest free and repayable on demand. |
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Green Bee Homes (BR) Ltd |
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A company under common control. |
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Non interest bearing loan on which no terms of repayment have been agreed. The amount due to Green Bee Homes Ltd at the balance sheet date was £555,003 (2020 - £581,902). |
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Green Bee Homes (PR) Ltd |
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A company under common control. |
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Non interest bearing loan on which no terms of repayment have been agreed. The amount due to Green Bee Homes Ltd at the balance sheet date was £10,009 (2020 - £4,734). |
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Boscombe Manor Investments Ltd |
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A company under common control. |
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Non interest bearing loan on which no terms of repayment have been agreed. The amount due to Boscombe Manor Investments at the balance sheet date was £123,511 (2020 - £23,524). |
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Green Bee Homes Developments Ltd |
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The parent company of Green Bee Homes Ltd. |
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Non interest bearing loan on which no terms of repayment have been agreed. The amount due to Green Bee Homes Developments Ltd at the balance sheet date was £81,087 (2020 - £NIL). |
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9. | ULTIMATE CONTROLLING PARTY |
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In the opinion of the directors, with effect from 06/09/2019, Green Bee Homes Developments Ltd (Registered in England & Wales, company number 12161141) was regarded as the company's ultimate parent company. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
GREEN BEE HOMES LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Green Bee Homes Limited for the year ended 28 February 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Green Bee Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Green Bee Homes Limited and state those matters that we have agreed to state to the Board of Directors of Green Bee Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Bee Homes Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Green Bee Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Green Bee Homes Limited. You consider that Green Bee Homes Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Green Bee Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
3 Durrant Road |
Bournemouth |
Dorset |
BH2 6NE |
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