Grisa Holdings Limited 14942933 false 2023-06-19 2024-06-30 2024-06-30 The principal activity of the company is property development. The company was incoporated on the 19th June 2023 and commenced trading from this date. Digita Accounts Production Advanced 6.30.9574.0 true true 14942933 2023-06-19 2024-06-30 14942933 2024-06-30 14942933 bus:OrdinaryShareClass1 2024-06-30 14942933 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14942933 core:Non-currentFinancialInstruments 2024-06-30 14942933 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 14942933 bus:SmallEntities 2023-06-19 2024-06-30 14942933 bus:AuditExemptWithAccountantsReport 2023-06-19 2024-06-30 14942933 bus:FilletedAccounts 2023-06-19 2024-06-30 14942933 bus:SmallCompaniesRegimeForAccounts 2023-06-19 2024-06-30 14942933 bus:RegisteredOffice 2023-06-19 2024-06-30 14942933 bus:Director1 2023-06-19 2024-06-30 14942933 bus:Director2 2023-06-19 2024-06-30 14942933 bus:OrdinaryShareClass1 2023-06-19 2024-06-30 14942933 bus:PrivateLimitedCompanyLtd 2023-06-19 2024-06-30 14942933 bus:Agent1 2023-06-19 2024-06-30 14942933 countries:EnglandWales 2023-06-19 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14942933

Grisa Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 19 June 2023 to 30 June 2024

 

Grisa Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Grisa Holdings Limited

Company Information

Directors

S Isa

Y Isa

Registered office

590 Green Lanes
London
N13 5RY

Accountants

Thomas Alexander & Co Ltd 590 Green Lanes
Palmers Green
London
N13 5RY

 

Grisa Holdings Limited

(Registration number: 14942933)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Investment property

4

801,048

Current assets

 

Cash at bank and in hand

 

31

Creditors: Amounts falling due within one year

5

(401,777)

Net current liabilities

 

(401,746)

Total assets less current liabilities

 

399,302

Creditors: Amounts falling due after more than one year

5

(414,995)

Net liabilities

 

(15,693)

Capital and reserves

 

Called up share capital

6

100

Retained earnings

(15,793)

Shareholders' deficit

 

(15,693)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2025 and signed on its behalf by:
 

.........................................
S Isa
Director

 

Grisa Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
590 Green Lanes
London
N13 5RY

These financial statements were authorised for issue by the Board on 12 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The accounts are prepared on a going concern basis that is dependant upon the continuing support of the company directors and bankers.

Revenue recognition

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

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.

 

Grisa Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2024
£

Additions

801,048

At 30 June

801,048

There has been no valuation of investment property by an independent valuer.

 

Grisa Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

7

400,457

Accruals

 

1,320

 

401,777

Due after one year

 

Loans and borrowings

7

414,995

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

414,995

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Share capital of £1 each

100

100

   

7

Loans and borrowings

Non-current loans and borrowings

2024
£

Bank borrowings

414,995

8

Related party transactions

Included within creditors due within one year is an amount of £400,457 owed to the directors of the company. Although this is repayable upon demand, the directors have no plans to recall this loan in the next 12 months.