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REGISTERED NUMBER: 11256668 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Genesis Holdings (Gloucester) Ltd

Genesis Holdings (Gloucester) Ltd (Registered number: 11256668)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Genesis Holdings (Gloucester) Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S A Baldwin
J G Smith



REGISTERED OFFICE: Units 11a & 11b Mill Place
90 Bristol Road
Gloucester
Gloucestershire
GL1 5SQ



REGISTERED NUMBER: 11256668 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
Butler Place
1 Legg Street
Chelmsford
Essex
CM1 1JS

Genesis Holdings (Gloucester) Ltd (Registered number: 11256668)

Statement of Financial Position
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Debtors 5 156,768 361,414
Cash at bank 603,995 403,248
760,763 764,662
CREDITORS
Amounts falling due within one year 6 92,499 193,095
NET CURRENT ASSETS 668,264 571,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,266

571,569

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 668,264 571,567
SHAREHOLDERS' FUNDS 668,266 571,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





S A Baldwin - Director


Genesis Holdings (Gloucester) Ltd (Registered number: 11256668)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Genesis Holdings (Gloucester) 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.

Preparation of consolidated financial statements
The financial statements contain information about Genesis Holdings (Gloucester) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Genesis Holdings (Gloucester) Ltd (Registered number: 11256668)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 June 2022
and 31 May 2023 2
Net book value
At 31 May 2023 2
At 31 May 2022 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Amounts owed by group undertakings 156,768 361,414

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Taxation and social security 14,330 82,759
Other creditors 78,169 110,336
92,499 193,095

7. RELATED PARTY DISCLOSURES

Genesis Timber Engineering Ltd
Subsidiary of Genesis Holdings (Gloucester) Ltd

During the year consultancy services totalling £240,000 (2022 - £340,000) were provided by Genesis Holdings (Gloucester) Ltd to the above wholly owned subsidiary.

At the year end Genesis Holdings (Gloucester) Ltd was owed £156,768 (2022 - £361,414) from it's subsidiary.

S A Baldwin & J G Smith
Directors

Included in other creditors at 31 May 2023 is £72,393 (2022 - £109,294) owed to the above directors. These loans to the company are interest free with no set repayment terms.