Grand-Attic Holding Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14256267

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		4,482,469		4,482,469

			4,482,469		4,482,469
CURRENT ASSETS
Debtors	5	1,175		796
Cash at bank and in hand		4,968		5,427

		6,143		6,223
Creditors: Amounts Falling Due Within One Year	6	(5,066 )		(16,085 )

NET CURRENT ASSETS (LIABILITIES)			1,077		(9,862 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,483,546		4,472,607

NET ASSETS			4,483,546		4,472,607

CAPITAL AND RESERVES
Called up share capital	7		99,129		99,129
Share premium account			4,335,050		4,335,050
Profit and Loss Account			49,367		38,428

SHAREHOLDERS' FUNDS			4,483,546		4,472,607

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Grand-Attic Holding Company Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account.

On behalf of the board

Mr Mark Muller

Director

30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Grand-Attic Holding Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14256267 . The registered office is 9th Floor 107 Cheapside, London, EC2V 6DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Financial Instruments

Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Impairment of financial assets

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

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Grand-Attic Holding Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors (directors who are not employees excluded in 2024), during the year was: NIL (2023: 6)

4. Investments

	Associates
	£
Cost or Valuation
As at 1 January 2024	4,482,469

As at 31 December 2024	4,482,469

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	4,482,469

As at 1 January 2024	4,482,469

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Grand-Attic Holding Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

The investment is 35% of the B shares in Hadi Yazilim ve Teknoloji Anonim Şirket of Agaoglu My Office, Blok. No:2-13 Barbados Mahallesi Lale Sokak, Atasehir, Istanbul, Turkiye, 34746.

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Amounts owed by group undertakings	1,175	796

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Other creditors	2,500	7,071
Taxation and social security	2,566	9,014

	5,066	16,085

7. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	99,129	99,129

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