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COMPANY REGISTRATION NUMBER: 09964859
Gentian Trafalgar Limited
Filleted Unaudited Financial Statements
31 December 2023
Gentian Trafalgar Limited
Balance Sheet
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Investments
5
1,978,999
1,979,049
Current assets
Debtors
6
163,976
170,076
Cash at bank and in hand
28,534
10,488
---------
---------
192,510
180,564
Creditors: amounts falling due within one year
7
12,855
1,391
---------
---------
Net current assets
179,655
179,173
------------
------------
Total assets less current liabilities
2,158,654
2,158,222
------------
------------
Net assets
2,158,654
2,158,222
------------
------------
Capital and reserves
Called up share capital
8
99
99
Capital redemption reserve
1
1
Profit and loss account
2,158,554
2,158,122
------------
------------
Shareholders funds
2,158,654
2,158,222
------------
------------
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.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Gentian Trafalgar Limited
Balance Sheet (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 20 July 2024 , and are signed on behalf of the board by:
Mr N K Ekins
Director
Company registration number: 09964859
Gentian Trafalgar Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with the provision of FRS 102 Section 1A small entities, '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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
The turnover shown in the profit and loss account represents net amounts invoiced during the period, exclusive of Value added tax.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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. 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.
4. Average number of employees
During the year the average number of employees was 2 (2022: 2) which consists of the directors only.
5. Investments
Shares in group undertakings
Other investments
Total
£
£
£
Cost
At 1 January 2023
3
1,979,046
1,979,049
Disposals
( 50)
( 50)
----
------------
------------
At 31 December 2023
3
1,978,996
1,978,999
----
------------
------------
Impairment
At 1 January 2023 and 31 December 2023
----
------------
------------
Carrying amount
At 31 December 2023
3
1,978,996
1,978,999
----
------------
------------
At 31 December 2022
3
1,979,046
1,979,049
----
------------
------------
6. Debtors
2023
2022
£
£
Amounts owed by related undertakings
163,976
170,076
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,365
1,300
Social security and other taxes
11,399
Other creditors
91
91
--------
-------
12,855
1,391
--------
-------
8. Called up share capital
Issued, called up and fully paid
No.
£
£
£
A Ordinary shares of £1 each
2
2
B Ordinary shares of £1 each
1
1
D Ordinary shares of £1 each
10
10
E Ordinary shares of £1 each
10
10
F Ordinary shares of £1 each
10
10
G Ordinary shares of £1 each
10
10
H Ordinary shares of £1 each
10
10
X Ordinary shares of £1 each
23
23
Y Ordinary shares of £1 each
23
23
----
----
99
99
----
----
9. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2023
2022
2023
2022
£
£
£
£
Other related parties
(60,000)
163,976
170,076
--------
----
---------
---------