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REGISTERED NUMBER: 06501004 (England and Wales)






Unaudited Financial Statements

for the Year Ended 28th February 2023

for

Gemini Partners Limited

Gemini Partners Limited (Registered number: 06501004)

Contents of the Financial Statements
for the Year Ended 28th February 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Gemini Partners Limited

Company Information
for the Year Ended 28th February 2023







DIRECTOR: Mrs G L Barlow





REGISTERED OFFICE: 101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ





REGISTERED NUMBER: 06501004 (England and Wales)





ACCOUNTANTS: Neil Westwood & Co.
Chartered Accountants
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Gemini Partners Limited


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 Gemini Partners Limited for the year ended 28th February 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Gemini Partners Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gemini Partners Limited and state those matters that we have agreed to state to the director of Gemini Partners Limited 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 Gemini Partners Limited and its director for our work or for this report.

It is your duty to ensure that Gemini Partners Limited 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 loss of Gemini Partners Limited. You consider that Gemini Partners Limited 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 Gemini Partners Limited. 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.






Neil Westwood & Co.
Chartered Accountants
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ


20th November 2023

Gemini Partners Limited (Registered number: 06501004)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,389 11,367

CURRENT ASSETS
Debtors 5 3,975 4,082
Cash at bank 4,049 4,042
8,024 8,124
CREDITORS
Amounts falling due within one year 6 7,498 7,670
NET CURRENT ASSETS 526 454
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,915

11,821

CREDITORS
Amounts falling due after more than one
year

7

14,149

19,984
NET LIABILITIES (11,234 ) (8,163 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (11,235 ) (8,164 )
SHAREHOLDERS' FUNDS (11,234 ) (8,163 )

Gemini Partners Limited (Registered number: 06501004)

Balance Sheet - continued
28th February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2023 and were signed by:





Mrs G L Barlow - Director


Gemini Partners Limited (Registered number: 06501004)

Notes to the Financial Statements
for the Year Ended 28th February 2023


1. STATUTORY INFORMATION

Gemini Partners Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Photography equipment - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Gemini Partners Limited (Registered number: 06501004)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern
The directors confirm that the company is a going concern and she will continue to support the company to meet its day to day working capital commitments as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Photography Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2022
and 28th February 2023 1,200 2,673 35,836 1,950 41,659
DEPRECIATION
At 1st March 2022 1,200 2,654 24,488 1,950 30,292
Charge for year - 19 8,959 - 8,978
At 28th February 2023 1,200 2,673 33,447 1,950 39,270
NET BOOK VALUE
At 28th February 2023 - - 2,389 - 2,389
At 28th February 2022 - 19 11,348 - 11,367

Gemini Partners Limited (Registered number: 06501004)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1st March 2022
and 28th February 2023 35,836
DEPRECIATION
At 1st March 2022 24,488
Charge for year 8,959
At 28th February 2023 33,447
NET BOOK VALUE
At 28th February 2023 2,389
At 28th February 2022 11,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,975 4,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,160 1,384
Finance leases 4,954 4,954
Other creditors 1,384 1,332
7,498 7,670

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 3,703 4,584
Finance leases 10,446 15,400
14,149 19,984

Gemini Partners Limited (Registered number: 06501004)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,703 4,584

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G L Barlow.