25 November 2022 false No description of principal activity Taxfiler 2024.5 14506445business:PrivateLimitedCompanyLtd2022-11-252023-11-30 145064452022-11-24 145064452022-11-252023-11-30 14506445business:AuditExempt-NoAccountantsReport2022-11-252023-11-30 14506445business:FilletedAccounts2022-11-252023-11-30 145064452023-11-30 14506445business:Director12022-11-252023-11-30 14506445business:RegisteredOffice2022-11-252023-11-30 14506445core:WithinOneYear2023-11-30 14506445core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 14506445core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 14506445core:PreviouslyStatedAmount2023-11-30 14506445business:SmallEntities2022-11-252023-11-30 14506445countries:EnglandWales2022-11-252023-11-30 14506445core:ComputerEquipment2022-11-252023-11-30 14506445core:ComputerEquipment2022-11-24 14506445core:ComputerEquipment2023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 14506445 (England and Wales)
Greenrise Developments Ltd Unaudited accounts for the period from 25 November 2022 to 30 November 2023
Greenrise Developments Ltd Unaudited accounts Contents
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Greenrise Developments Ltd Company Information for the period from 25 November 2022 to 30 November 2023
Director
Jonathan Mark Boy
Company Number
14506445 (England and Wales)
Registered Office
C/O Anumerate Office 2.05 Clockwise, Old Town Hall 30 Tweedy Road BR1 3FE United Kingdom
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Greenrise Developments Ltd Statement of financial position as at 30 November 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
586 
Investment property
222,136 
222,722 
Current assets
Cash at bank and in hand
8,511 
Creditors: amounts falling due within one year
(198,309)
Net current liabilities
(189,798)
Net assets
32,924 
Capital and reserves
Called up share capital
1 
Profit and loss account
32,923 
Shareholders' funds
32,924 
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2024 and were signed on its behalf by
Jonathan Mark Boy Director Company Registration No. 14506445
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Greenrise Developments Ltd Notes to the Accounts for the period from 25 November 2022 to 30 November 2023
1
Statutory information
Greenrise Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 14506445. The registered office is C/O Anumerate Office 2.05, Clockwise, Old Town Hall, 30 Tweedy Road, BR1 3FE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companyies activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: - The amount of revenue can be reliably measured; - it is probable that future economic benefits will flow to the entity; and - specific criteria have been met for each of the company's activities.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Greenrise Developments Ltd Notes to the Accounts for the period from 25 November 2022 to 30 November 2023
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
586
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 25 November 2022
- 
Additions
587 
At 30 November 2023
587 
Depreciation
Charge for the period
1 
At 30 November 2023
1 
Net book value
At 30 November 2023
586 
5
Investment property
2023 
£ 
Additions
222,136 
At 30 November 2023
222,136 
6
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
7,586 
Loans from directors
189,286 
Accruals
1,437 
198,309 
7
Transactions with related parties
During the year the director advanced cash to the company to facilitate its operations. Loans with Directors amounts to £189,286 due to the director. All transactions between related parties relate to the provision of cash for use in operational activity and acquisition of investments.
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Greenrise Developments Ltd Notes to the Accounts for the period from 25 November 2022 to 30 November 2023
8
Average number of employees
During the period the average number of employees was 0.
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