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REGISTERED NUMBER: 12458600 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

GEN ACCUMULATION LTD

GEN ACCUMULATION LTD (REGISTERED NUMBER: 12458600)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GEN ACCUMULATION LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr P Perez





REGISTERED OFFICE: 42 Lytton Road
Barnet
United Kingdom
EN5 5BY





REGISTERED NUMBER: 12458600 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

GEN ACCUMULATION LTD (REGISTERED NUMBER: 12458600)

Balance Sheet
31 March 2023

31.3.23 31.3.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 103,639

CURRENT ASSETS
Debtors 5 9,599 1,001
Cash at bank 7,934 8,496
17,533 9,497
CREDITORS
Amounts falling due within one year 6 4,332 90,855
NET CURRENT ASSETS/(LIABILITIES) 13,201 (81,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,201

22,281

PROVISIONS FOR LIABILITIES 7 - 1,471
NET ASSETS 13,201 20,810

CAPITAL AND RESERVES
Called up share capital 8 1,001 1,001
Non distributable reserves - 22,963
Retained earnings 12,200 (3,154 )
SHAREHOLDERS' FUNDS 13,201 20,810

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





Dr P Perez - Director


GEN ACCUMULATION LTD (REGISTERED NUMBER: 12458600)

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

1. STATUTORY INFORMATION

Gen Accumulation 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2022 103,639
Disposals (103,639 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 103,639

Cost or valuation at 31 March 2023 is represented by:

Listed
investments
£   
Valuation in 2021 20,606
Valuation in 2022 7,744
Valuation in 2023 (28,350 )

GEN ACCUMULATION LTD (REGISTERED NUMBER: 12458600)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
as restated
£    £   
Amounts owed by participating interests 8,598 -
Other debtors 1,001 1,001
9,599 1,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
as restated
£    £   
Trade creditors - 1,200
Amounts owed to participating interests - 85,000
Tax 1,932 3,453
Accruals and deferred income 2,400 1,202
4,332 90,855

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
as restated
£    £   
Deferred tax - 1,471

Deferred
tax
£   
Balance at 1 April 2022 1,471
Provided during year (1,471 )
Balance at 31 March 2023 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: as restated
£    £   
NIL A Ordinary £1 - 1
NIL B Ordinary £1 - 1,000
- 1,001

Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: as restated
£    £   
1,001 Ordinary £1 1,001 -

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £8,598 (2022: owed to £85,000) from Gen.DDI Ltd, a company in which there is common control.