Graviss UK Pvt Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09338555

GRAVISS UK PVT LTD

FILLETED FINANCIAL STATEMENTS

31 March 2025

GRAVISS UK PVT LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

GRAVISS UK PVT LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		2,550,868		2,686,861

CURRENT ASSETS

Stocks		350,244	193,681
Debtors	7	677,648	512,190
Cash at bank and in hand		88,898	157,032
		--------------	-----------
		1,116,790	862,903

CREDITORS: amounts falling due within one year	8	853,986		565,195
		--------------		-----------
NET CURRENT ASSETS			262,804		297,708
			--------------		--------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,813,672		2,984,569

CREDITORS: amounts falling due after more than one year	9	267,500	107,828
		--------------	--------------
NET ASSETS		2,546,172	2,876,741
		--------------	--------------

GRAVISS UK PVT LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	3,985,176	3,957,867
Profit and loss account	( 1,439,004)	( 1,081,126)
	--------------	--------------
SHAREHOLDERS FUNDS	2,546,172	2,876,741
	--------------	--------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 13 November 2025 , and are signed on behalf of the board by:

Mr V Seth

Director

Company registration number: 09338555

GRAVISS UK PVT LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 191 Wilmslow Road, Manchester, England, M14 5AQ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 26 (2024: 18 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	53,568
	---------
Amortisation
At 1 April 2024 and 31 March 2025	53,568
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

6. TANGIBLE ASSETS

	Investment property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	1,300,000	1,553,801	31,425	132,206	3,017,432
Additions	–	172,144	–	75,260	247,404
	--------------	--------------	---------	-----------	--------------
At 31 March 2025	1,300,000	1,725,945	31,425	207,466	3,264,836
	--------------	--------------	---------	-----------	--------------
Depreciation
At 1 April 2024	–	230,142	16,472	83,957	330,571
Charge for the year	–	343,707	3,740	35,950	383,397
	--------------	--------------	---------	-----------	--------------
At 31 March 2025	–	573,849	20,212	119,907	713,968
	--------------	--------------	---------	-----------	--------------
Carrying amount
At 31 March 2025	1,300,000	1,152,096	11,213	87,559	2,550,868
	--------------	--------------	---------	-----------	--------------
At 31 March 2024	1,300,000	1,323,659	14,953	48,249	2,686,861
	--------------	--------------	---------	-----------	--------------

Tangible assets held at valuation

The investment property of Apartment 15, 11 Brompton Place, London, SW3 1QE has been valued by an estate agent at 7 October 2024. The directors are of the opinion that there has been no significant change in the value of the property between the valuation date and 31 March 2025.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery	Motor vehicles	Total
	£	£	£
At 31 March 2025	106,202	87,349	193,551
	-----------	---------	-----------
At 31 March 2024	9,712	47,624	57,336
	-----------	---------	-----------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	493,222	308,011
Prepayments and accrued income	52,930	80,999
Other debtors	131,496	123,180
	-----------	-----------
	677,648	512,190
	-----------	-----------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	20,084	10,015
Trade creditors	437,895	226,551
Amounts owed to group undertakings	202,919	194,210
Accruals and deferred income	21,816	37,700
Social security and other taxes	7,453	7,013
Obligations under finance leases and hire purchase contracts	78,790	33,704
Director loan accounts	19,791	19,791
Other loans	54,000	–
Other creditors	11,238	36,211
	-----------	-----------
	853,986	565,195
	-----------	-----------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	78,790	33,704
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,954	14,115
Shares classed as financial liabilities	24,824	52,133
Obligations under finance leases and hire purchase contracts	88,732	41,580
Other loans	149,990	–
	-----------	-----------
	267,500	107,828
	-----------	-----------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	88,732	41,580
	---------	---------

10. CAPITAL COMMITMENTS

Capital expenditure contracted for but not provided for in the financial statements is as follows:

	2025	2024
	£	£
Tangible assets	–	83,000
	-----	---------

11. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	176,400	116,400
Later than 1 year and not later than 5 years	668,600	465,500
Later than 5 years	1,485,000	1,015,400
	--------------	--------------
	2,330,000	1,597,300
	--------------	--------------

12. SUMMARY AUDIT OPINION

The auditor's report dated 20 November 2025 was unqualified .

The senior statutory auditor was Sally Shacklock FCA , for and on behalf of Streets Audit LLP .

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is unsecured, interest free and repayable on demand.

14. RELATED PARTY TRANSACTIONS

At the year end the company owed £177,218 (2024 - £168,086) to Graviss Food Solutions Private Ltd, the parent company of Graviss UK Pvt Limited and a company of which one of the directors is also a director. At the year end the company owed £25,701 (2024 - £26,124) to companies of which one of the directors is also a director and their subsidiaries.

15. CONTROLLING PARTY

The company's immediate and ultimate parent company is Graviss Food Solutions Private Ltd . The address of the registered office of Graviss Food Solutions Private Ltd is Strand Cinema Building, 1st floor, C.S. No. 506, Arthur Bunder Road, Colaba, Mumbai, MH 400005, India . This is the largest and smallest group for which group accounts are drawn up and of which the company is a member. Consolidated accounts are available from this address.