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Registered number: 14506445
Greenrise Developments Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Anumerate Limited
Office 2.05, ​Clockwise, Old Town Hall
30 Tweedy Road
Bromley
BR1 3FE
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 14506445
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 469 586
Investment Properties 5 222,136 222,136
222,605 222,722
CURRENT ASSETS
Cash at bank and in hand 2,812 8,511
2,812 8,511
Creditors: Amounts Falling Due Within One Year 6 (209,474 ) (198,309 )
NET CURRENT ASSETS (LIABILITIES) (206,662 ) (189,798 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,943 32,924
NET ASSETS 15,943 32,924
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 15,942 32,923
SHAREHOLDERS' FUNDS 15,943 32,924
For the year ending 30 November 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 his 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 Income Statement.
On behalf of the board
Mr Jonathan Boy
Director
24/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Greenrise Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14506445 . The registered office is C/O Anumerate Office 2.05, Clockwise, Old Town Hall, 30 Tweedy Road, BR1 3FE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companyies activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer Equipment 20% on a straight-line basis
2.4. Investment Properties
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.
2.5. Taxation
Taxation expense for the year represents current tax recognised in the reporting period and is recognised in the statement of income and retained earnings. Current tax is the amount of income tax payable in respect of taxable profit for the year. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end. Current taxation assets and liabilities are not discounted.  Deferred tax assets are recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other
deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax assets and liabilities are measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply in the periods in which any timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.  No deferred tax asset has been recognised for the current or previous year.
Page 2
Page 3
2.6. Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. 
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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.
2.7. 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.
2.8. Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2023 587
As at 30 November 2024 587
Depreciation
As at 1 December 2023 1
Provided during the period 117
As at 30 November 2024 118
Net Book Value
As at 30 November 2024 469
As at 1 December 2023 586
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 and 30 November 2024 222,136
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 209,473 190,723
Taxation and social security - 7,586
209,474 198,309
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
During the year the Director advanced cash to the Company to facilitate its operations. Loans owed to the Director amounts to £207,904 (2023: £189,286).
Amounts owed to the Director are unsecured, interest-free and with no fixed terms of repayment.
Page 4