IRIS Accounts Production v25.1.3.33 09605786 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096057862023-05-31096057862024-05-31096057862023-06-012024-05-31096057862022-05-31096057862022-06-012023-05-31096057862023-05-3109605786ns15:EnglandWales2023-06-012024-05-3109605786ns14:PoundSterling2023-06-012024-05-3109605786ns10:Director12023-06-012024-05-3109605786ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3109605786ns10:SmallEntities2023-06-012024-05-3109605786ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3109605786ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3109605786ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3109605786ns10:FullAccounts2023-06-012024-05-3109605786ns10:Director22023-06-012024-05-3109605786ns10:Director32023-06-012024-05-3109605786ns10:RegisteredOffice2023-06-012024-05-3109605786ns5:CurrentFinancialInstruments2024-05-3109605786ns5:CurrentFinancialInstruments2023-05-3109605786ns5:Non-currentFinancialInstruments2024-05-3109605786ns5:Non-currentFinancialInstruments2023-05-3109605786ns5:ShareCapital2024-05-3109605786ns5:ShareCapital2023-05-3109605786ns5:RevaluationReserve2024-05-3109605786ns5:RevaluationReserve2023-05-3109605786ns5:RetainedEarningsAccumulatedLosses2024-05-3109605786ns5:RetainedEarningsAccumulatedLosses2023-05-3109605786ns5:Secured2024-05-3109605786ns5:Secured2023-05-31
REGISTERED NUMBER: 09605786 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

EASYRISE HOLDINGS LIMITED

EASYRISE HOLDINGS LIMITED (REGISTERED NUMBER: 09605786)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EASYRISE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A Baker
P Baker
P N Harvey





REGISTERED OFFICE: Fairview
Park Avenue
Madeley
Telford
Shropshire
TF7 5AB





REGISTERED NUMBER: 09605786 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

EASYRISE HOLDINGS LIMITED (REGISTERED NUMBER: 09605786)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 600,000 400,750

CURRENT ASSETS
Cash at bank 6 46

CREDITORS
Amounts falling due within one year 5 255,256 245,742
NET CURRENT LIABILITIES (255,250 ) (245,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,750

155,054

CREDITORS
Amounts falling due after more than one
year

6

(136,513

)

(147,354

)

PROVISIONS FOR LIABILITIES (42,599 ) -
NET ASSETS 165,638 7,700

CAPITAL AND RESERVES
Called up and paid share capital 3 3
Revaluation reserve 8 199,250 -
Retained earnings (33,615 ) 7,697
SHAREHOLDERS' FUNDS 165,638 7,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EASYRISE HOLDINGS LIMITED (REGISTERED NUMBER: 09605786)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





P Baker - Director


EASYRISE HOLDINGS LIMITED (REGISTERED NUMBER: 09605786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Easyrise Holdings 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.

Turnover
Turnover represents rents received in the accounting period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

EASYRISE HOLDINGS LIMITED (REGISTERED NUMBER: 09605786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern concept. This assumes that the company will continue to receive the support of the related companies and lenders. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 400,750
Revaluations 199,250
At 31 May 2024 600,000
NET BOOK VALUE
At 31 May 2024 600,000
At 31 May 2023 400,750

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 199,250
Cost 400,750
600,000

The property was valued by the directors on 31 May 2024.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,097 23,997
Amounts owed to associates - 216,040
Taxation and social security - 1,334
Other creditors 236,159 4,371
255,256 245,742

EASYRISE HOLDINGS LIMITED (REGISTERED NUMBER: 09605786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 136,513 147,354

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 155,610 -

The loan is secured by way of a charge over the investment property held by the company.

8. RESERVES
Revaluatio
reserve
£   
Revaluation reserve 199,250

At 31 May 2024 199,250