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Registered number: 12220032
Grace Promotions Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12220032
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 8,241 40,571
Cash at bank and in hand 2,135 16,921
10,376 57,492
Creditors: Amounts Falling Due Within One Year (12,719 ) (36,370 )
NET CURRENT ASSETS (LIABILITIES) (2,343 ) 21,122
TOTAL ASSETS LESS CURRENT LIABILITIES (2,343 ) 21,122
Creditors: Amounts Falling Due After More Than One Year (26,271 ) (30,911 )
NET LIABILITIES (28,614 ) (9,789 )
CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and Loss Account (28,624 ) (9,799 )
SHAREHOLDERS' FUNDS (28,614) (9,789)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Lnga Lukiciovaite
Director
21/10/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Grace Promotions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12220032 . The registered office is Suite 126 , 210 Upper Richmond Road London , England, SW15 6NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
5. Related Party Transactions

The company was controlled throughout the current period by Miss Lnga Lukiciovaite by virtue of it's ownership of the entire issued share capital.
Page 2