21/04/2015 07:38 BST | Updated 21/06/2015 06:12 BST

Gwyneth Paltrow And Chris Martin Finalise Divorce - A Year After Consciously Uncoupling

BEVERLY HILLS, CA - JANUARY 11: Gwyneth Paltrow and Chris Martin attend the 3rd annual Sean Penn & Friends HELP HAITI HOME Gala benefiting J/P HRO presented by Giorgio Armani at Montage Beverly Hills on January 11, 2014 in Beverly Hills, California. (Photo by Kevin Mazur/Getty Images for J/P Haitian Relief Organization)

Gwyneth Paltrow and Chris Martin have finalised their divorce a year after 'consciously uncoupling'.

According to reports in the US, papers ending their 10 year marriage were filed in court citing 'irreconcilable differences'.

However, despite this being the official reason, the couple's friends say the split couldn't have been more amicable and they have agreed to divide their £120 million fortune equally as well as share joint custody of their two children, Apple 10, and Moses, eight.

The 42-year-old actress famously announced they were separating a year ago on her GOOP website when she said she and Chris, 38, were 'consciously uncoupling'.

Since then the Coldplay frontman has gone on to date Hollywood star Jennifer Lawrence, 24, while Gwyneth is reported to be dating Glee creator Brad Falchuk.

According to reports in the US the split was so friendly that Chris asked Gwyneth to file the divorce papers.

After they 'uncoupled' the singer opened up about his marriage to Radio 1's Zane Lowe.

He said: "I wouldn't use the word breakdown. This was more a realisation about trying to grow up basically. Like I said, if you can't open yourself up, you can't appreciate the wonder inside.

"So you can be with someone very wonderful, but because of your own issues you cannot let that be celebrated in the right way. What changed for me was I don't want to go through life being scared of it, being scared of love, being scared of rejection, being scared of failure.

"About two years ago I was a mess really because I can't enjoy the thing that we are good at and I can't enjoy the great things around me because I'm burdened by this-I've got to not blame anyone else and make some changes."

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