2021-06-01 10204585 2022-05-31 10204585 2021-06-01 2022-05-31 10204585 2021-05-31 10204585 2020-06-01 2021-05-31 10204585 uk-core:WithinOneYear 2021-05-31 10204585 uk-core:WithinOneYear 2022-05-31 10204585 uk-core:AfterOneYear 2021-05-31 10204585 uk-core:AfterOneYear 2022-05-31 10204585 uk-core:ShareCapital 2022-05-31 10204585 uk-core:ShareCapital 2021-05-31 10204585 uk-core:SharePremium 2022-05-31 10204585 uk-core:SharePremium 2021-05-31 10204585 uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 10204585 uk-core:RetainedEarningsAccumulatedLosses 2021-05-31 10204585 uk-bus:Director1 2021-06-01 2022-05-31 10204585 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-05-31 10204585 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-06-01 2022-05-31 10204585 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-05-31 10204585 uk-core:AfterOneYear uk-core:Secured 2022-05-31 10204585 uk-core:AfterOneYear uk-core:Secured 2021-05-31 iso4217:GBP xbrli:pure 10204585 uk-bus:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 10204585 uk-bus:FRS102 2021-06-01 2022-05-31 10204585 uk-bus:FilletedAccounts 2021-06-01 2022-05-31 10204585 uk-bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31
GHRIAN LIMITED
Registered Number:10204585
For the year ended 31 May 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2022
GHRIAN LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10204585
As at 31 May 2022
GHRIAN LIMITED
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
175,718
151,132
2
175,718
151,132
Current assets
1,109
Cash and cash equivalents
64
64
1,109
Trade and other payables: amounts falling due within one
year
(8,573)
(33,934)
3
(7,464)
(33,870)
Net current liabilities
Total assets less current liabilities
141,848
143,668
Trade and other payables: amounts falling due after more
than one year
(48,750)
(47,835)
4
94,013
Net assets
94,918
Capital and reserves
Called up share capital
24,494
24,494
Share premium account
94,131
94,131
Retained earnings
(24,612)
(23,707)
94,013
94,918
Shareholders' funds
For the year ended 31 May 2022 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 of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mark Brohan Director
These financial statements were approved and authorised for issue by the Board on 19 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2022
GHRIAN LIMITED
Notes to the Financial Statements
Statutory Information
GHRIAN LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10204585.
Registered address:
17 Sebergham Grove
LONDON
NW7 2AU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible assets
Expenditure is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life, which commences at the point of commercial production.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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5
For the year ended 31 May 2022
GHRIAN LIMITED
Notes to the Financial Statements Continued
2. Intangible fixed assets
Research &
Development
Cost or valuation
£
At 01 June 2021
151,132
Additions
24,586
At 31 May 2022
175,718
3. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Other creditors
33,934
8,573
4. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
47,835
48,750
5. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
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