Greens Desserts Property Uk Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09750607 (England and Wales)

GREENS DESSERTS PROPERTY UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M M H Hassani

REGISTERED OFFICE:

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REGISTERED NUMBER:

09750607 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Investment property

4

2,320,000

2,056,820

CURRENT ASSETS

Debtors

5

1,532,904

1,632,858

Cash at bank

50,823

50,148

1,583,727

1,683,006

CREDITORS

Amounts falling due within one year

6

1,505,050

1,615,042

NET CURRENT ASSETS

78,677

67,964

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,398,677

2,124,784

PROVISIONS FOR LIABILITIES

172,045

106,250

NET ASSETS

2,226,632

2,018,534

CAPITAL AND RESERVES

Called up share capital

1

Revaluation reserve

7

516,135

318,750

Retained earnings

7

1,710,496

1,699,783

2,226,632

2,018,534

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

M M H Hassani - Director

1.	STATUTORY INFORMATION

Greens Desserts Property Uk Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Investment property is carried at fair value determined by the directors given their knowledge of the industry and market prices. No depreciation is provided.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2024

2,056,820

Revaluations

263,180

At 31 December 2024

2,320,000

NET BOOK VALUE

At 31 December 2024

2,320,000

At 31 December 2023

2,056,820

Cost or valuation at 31 December 2024 is represented by:

£

Valuation in 2022

485,000

Valuation in 2024

263,180

Cost

1,571,820

2,320,000

The 2024 valuations were made by the Director (based on professional valuation completed in September 2024), on an open market existing use basis.

If the investment properties had been accounted for under historic cost accounting rules, the properties would have been measured at £1,500,000 (2023: £1,500,000).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

156,034

Amounts owed by group undertakings

1,433,669

1,476,824

Other debtors

99,235

-

1,532,904

1,632,858

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed to group undertakings

1,500,000

Taxation and social security

-

18,495

Other creditors

5,050

96,547

1,505,050

1,615,042

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 January 2024

1,699,783

318,750

2,018,533

Profit for the year

208,098

Movement in year

(197,385

)

197,385

-

At 31 December 2024

1,710,496

516,135

2,226,631

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kelvin Fitton BA FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

9.	RELATED PARTY DISCLOSURES

At the year end, the company had amounts due to its parent company of £1,500,000 (2023: £1,500,000).

During the year, a management charge of £36,000 (2023: £36,000) has been charged from Greens Desserts UK Limited, along with further costs incurred on the company's behalf of £36,185 (2023: £75,163). At the year end, £1,433,669 (2023: £1,476,824) was due from Greens Desserts UK Limited.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Taj Takamol Investment LLC, a company incorporated in the United Arab Emirates