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COMPANY REGISTRATION NUMBER: 08791007
Gentian Projects Limited
Filleted Unaudited Financial Statements
31 December 2023
Gentian Projects Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
5
9,038
Cash at bank and in hand
14,661
9,419
--------
--------
14,661
18,457
Creditors: amounts falling due within one year
6
135,971
137,810
---------
---------
Net current liabilities
121,310
119,353
---------
---------
Total assets less current liabilities
( 121,310)
( 119,353)
---------
---------
Capital and reserves
Called up share capital
7
200
200
Profit and loss account
( 121,510)
( 119,553)
---------
---------
Shareholders deficit
( 121,310)
( 119,353)
---------
---------
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 income and retained earnings 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 .
These financial statements were approved by the board of directors and authorised for issue on 1 August 2024 , and are signed on behalf of the board by:
Mr N C Hanson
Director
Company registration number: 08791007
Gentian Projects 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 Trafalgar House South, Trafalgar Street, Winchester, SO23 9DH, United Kingdom. The company ceased trading on 31 December 2022.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, '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.
Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of its creditors. The directors of its creditors have expressed their willingness to support the company for the foreseeable future by ensuring sufficient funds are available for the company to continue trading.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25 % straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Average number of employees
During the year the average number of employees was 3 (2022: 3) which consisted of the directors only.
5. Debtors
2023
2022
£
£
Other debtors
9,038
----
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
211
Social security and other taxes
557
Amounts owed to related undertakings
135,424
136,495
Other creditors
547
547
---------
---------
135,971
137,810
---------
---------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
200
200
200
200
----
----
----
----
8. 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
11,000
( 135,424)
( 123,495)
----
--------
---------
---------