Company registration number:
13339749
Vishram-Greh Ltd
Unaudited filleted financial statements
30 April 2023
Vishram-Greh Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Vishram-Greh Ltd
Directors and other information
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Directors |
Rahul Ahuja |
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Anju Ahuja |
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Company number |
13339749 |
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Registered office |
8-10 Gatley Road |
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Cheadle |
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Cheshire |
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SK8 1PY |
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Business address |
99 West Heath Road |
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London |
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NW3 7TN |
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Accountants |
Langers |
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8-10 Gatley Road |
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Cheadle |
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Cheshire |
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SK8 1PY |
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Vishram-Greh Ltd
Statement of financial position
30 April 2023
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30/04/23 |
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30/04/22 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
970,201 |
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947,742 |
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_______ |
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_______ |
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970,201 |
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947,742 |
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Current assets |
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Debtors |
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6 |
1,593 |
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1,375 |
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Cash at bank and in hand |
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730 |
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1,731 |
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_______ |
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_______ |
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2,323 |
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3,106 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
978,935) |
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(
953,623) |
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_______ |
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_______ |
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Net current liabilities |
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(
976,612) |
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(
950,517) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
6,411) |
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(
2,775) |
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_______ |
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_______ |
Net liabilities |
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(
6,411) |
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(
2,775) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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2 |
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2 |
Profit and loss account |
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(
6,413) |
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(
2,777) |
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_______ |
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_______ |
Shareholders deficit |
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(
6,411) |
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(
2,775) |
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_______ |
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_______ |
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For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 April 2024
, and are signed on behalf of the board by:
Rahul Ahuja
Director
Company registration number:
13339749
Vishram-Greh Ltd
Statement of changes in equity
Year ended 30 April 2023
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 16 April 2021 |
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- |
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- |
- |
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Loss for the year |
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(
2,777) |
(
2,777) |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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(
2,777) |
(
2,777) |
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Issue of shares |
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2 |
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2 |
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_______ |
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_______ |
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Total investments by and distributions to owners |
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2 |
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- |
2 |
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_______ |
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_______ |
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At 30 April 2022 and 1 May 2022 |
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2 |
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(
2,777) |
(
2,775) |
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Loss for the year |
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(
3,636) |
(
3,636) |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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(
3,636) |
(
3,636) |
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_______ |
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_______ |
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At 30 April 2023 |
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2 |
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(
6,413) |
(
6,411) |
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_______ |
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_______ |
_______ |
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Vishram-Greh Ltd
Notes to the financial statements
Year ended 30 April 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 8-10 Gatley Road, Cheadle, Cheshire, SK8 1PY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Tangible assets
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Freehold property |
Total |
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£ |
£ |
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Cost |
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At 1 May 2022 |
947,742 |
947,742 |
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Additions |
22,459 |
22,459 |
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_______ |
_______ |
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At 30 April 2023 |
970,201 |
970,201 |
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_______ |
_______ |
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Depreciation |
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At 1 May 2022 and 30 April 2023 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 30 April 2023 |
970,201 |
970,201 |
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_______ |
_______ |
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At 30 April 2022 |
947,742 |
947,742 |
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_______ |
_______ |
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Investment property
Included within the above is investment property measured at fair value as follows:
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£ |
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At 1 May 2022 |
947,742 |
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Additions |
22,459 |
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_______ |
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At 30 April 2023 |
970,201 |
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_______ |
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Renovation of the investment property is on-going. The property will not be revalued until renovation is complete.
6.
Debtors
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30/04/23 |
30/04/22 |
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£ |
£ |
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Other debtors |
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1,593 |
1,375 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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30/04/23 |
30/04/22 |
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£ |
£ |
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Other creditors |
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978,935 |
953,623 |
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_______ |
_______ |
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8.
Called up share capital
Issued, called up and fully paid
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30/04/23 |
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30/04/22 |
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No |
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£ |
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No |
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£ |
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Ordinary shares of £
1.00 each |
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2 |
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2 |
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2 |
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2 |
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_______ |
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_______ |
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_______ |
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_______ |
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9.
Related party transactions
At 30 April 2023 the company owed £977,927 to the directors (2022 £952,602). No interest has been charged to the company in respect of this loan, which is repayable on demand and classified in creditors due in one year.