Registered number
02426578
GenMed Commercial Finance Limited
Report and Accounts
31 December 2023
GenMed Commercial Finance Limited
Registered number: 02426578
Balance Sheet
as at 31 December 2023
2023 2022
£ £
Fixed assets
Investments 1 1
Tangible assets 1 1
2 2
Current assets
Debtors 3,187 3,352
Creditors: amounts falling due within one year (19,791,254) (19,791,169)
Net current liabilities (19,788,067) (19,787,817)
Net liabilities (19,788,065) (19,787,815)
Capital and reserves
Called up share capital 15,000,000 15,000,000
Profit and loss account (34,788,065) (34,787,815)
Shareholders' funds (19,788,065) (19,787,815)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006 relating to Dormant Companies
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Husain
Director
Approved by the board on 2 August 2024
GenMed Commercial Finance Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
2 Employees
During the financial year company had two directors Tameem Auchi and Arif Husain, The company has no other employees.
3 Dormant Company Status
The company has not traded during the financial year and has had no significant accounting `transactions other than those required to meet statutory obligations.
4 Administrative Expenses
The company incurred a fee of £250 (Net) during the financial year for accountancy services to comply with statutory requirements, such as preparing and submitting tax returns.
5 VAT Receipt
During the financial year, the company submitted VAT returns that included VAT claim of £165 from the previous year. This submission was an administrative correction and relates solely to the company’s statutory compliance obligations. It does not represent any trading activities, the VAT amount was not cashed, as the company does not maintain a bank account.
6 Controlling party
The immediate parent company is General Mediterranean Holding (UK) Limited, a company registered in England and Wales.

The ultimate parent company is General Mediterranean Holding SA SPF, a company incorporated in Luxembourg whose principal activity is that of an investment holding company.
7 Other information
GenMed Commercial Finance Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lincoln House
137-143 Hammersmith Road
London
W14 0QL
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