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REGISTERED NUMBER: 13304157 (England and Wales)















Griksas Investments Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Griksas Investments Limited (Registered number: 13304157)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Griksas Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: E Griksas





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 32 Henry Street
Rainham
Kent
ME8 8HE





REGISTERED NUMBER: 13304157 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Griksas Investments Limited (Registered number: 13304157)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 545,000 485,956

CURRENT ASSETS
Debtors 5 71 80
Cash at bank 311 1,202
382 1,282
CREDITORS
Amounts falling due within one year 6 129,020 121,798
NET CURRENT LIABILITIES (128,638 ) (120,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES 416,362 365,440

CREDITORS
Amounts falling due after more than one
year

7

(313,740

)

(312,225

)

PROVISIONS FOR LIABILITIES (21,456 ) (10,237 )
NET ASSETS 81,166 42,978

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 91,469 43,644
Retained earnings (10,403 ) (766 )
81,166 42,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Griksas Investments Limited (Registered number: 13304157)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 October 2024 and were signed by:





E Griksas - Director


Griksas Investments Limited (Registered number: 13304157)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Griksas Investments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition
Income represents rents receivable

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Griksas Investments Limited (Registered number: 13304157)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 485,956
Revaluations 59,044
At 31 March 2024 545,000
NET BOOK VALUE
At 31 March 2024 545,000
At 31 March 2023 485,956

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 545,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 432,075 432,075

Investment property was valued on an open market basis on 31 March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 71 80

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 129,020 121,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 313,740 312,225

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 313,740 312,225

Griksas Investments Limited (Registered number: 13304157)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank mortgage loans 313,740 312,355

The bank mortgage loans are secured on the investment properties by way of a fixed charge and a negative pledge.