Grace & Hope Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05522294 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRACE & HOPE LTD

TRADING AS

PRONTO PIZZA

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mr R R Rizk

SECRETARY:

Mrs G J Rizk

REGISTERED OFFICE:

178 Rainham Road

Chatham

Kent

ME5 7EN

REGISTERED NUMBER:

05522294 (England and Wales)

ACCOUNTANTS:

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Intangible assets

4

-

5,500

Tangible assets

5

2,029

2,535

2,029

8,035

CURRENT ASSETS

Stocks

1,902

1,825

Cash at bank and in hand

6,954

12,191

8,856

14,016

NET CURRENT ASSETS

8,856

14,016

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,885

22,051

CREDITORS

Amounts falling due after more than one year

6

62,878

76,228

NET LIABILITIES

(51,993

)

(54,177

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(52,093

)

(54,277

)

SHAREHOLDERS' FUNDS

(51,993

)

(54,177

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 18 December 2025 and were signed by:

Mr R R Rizk - Director

1.	STATUTORY INFORMATION

Grace & Hope Ltd is a private company limited by shares, registered in England and Wales. The company 's registered number is 05522294 and registered office address is 178 Rainham Road, Chatham, ME5 7EN.

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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

written off over the life of the lease

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Goodwill

The goodwill is been written off evenly over the remaining estimated useful life not exceeding 10 years

Going concern

The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

110,000

AMORTISATION

At 1 April 2024

104,500

Charge for year

5,500

At 31 March 2025

110,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

5,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

and 31 March 2025

1,295

25,948

27,243

DEPRECIATION

At 1 April 2024

1,295

23,413

24,708

Charge for year

-

506

At 31 March 2025

1,295

23,919

25,214

NET BOOK VALUE

At 31 March 2025

-

2,029

At 31 March 2024

-

2,535

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

BBLoan

3,665

6,726

Directors' loan accounts

59,213

69,502

62,878

76,228

7.	GOING CONCERN

The financial statements have been prepared on a going concern basis. The director has provided assurances that he will continue supporting the company.

The director believes that due to economic downturn the business has been adversely affected however the financial results will improve in the near future.

8.	GOING CONCERN PREPARATION- DIRECTORS CURRENT AC

The director has provided assurance that he will continue supporting the company to meet its obligations as he falls due by providing loan.He also pledged not to call in the director's loan due to him which is interest free and repayable on demand until the company is in a position to pay.

9.	DIRECTOR LOAN ACCOUNT

Included in Creditors - amounts falling due after more than one year is a loan of £59,213 (2024: £69,502) due to the Director. This loan is recognised at transaction price. The director's loan is not due until after more than 1 year and is interest free.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grace & Hope Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Grace & Hope Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grace & Hope Ltd and state those matters that we have agreed to state to the director of Grace & Hope Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grace & Hope Ltd and its director for our work or for this report.

It is your duty to ensure that Grace & Hope Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grace & Hope Ltd. You consider that Grace & Hope Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grace & Hope Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

18 December 2025