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. |
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|
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 |
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|
1 |
Accounting policies |
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|
Basis of preparation |
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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. |
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2 |
Employees |
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|
During the financial year company had two directors Tameem Auchi and Arif Husain, The company has no other employees. |
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3 |
Dormant Company Status |
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The company has not traded during the financial year and has had no significant accounting `transactions other than those required to meet statutory obligations. |
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4 |
Administrative Expenses |
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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. |
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5 |
VAT Receipt |
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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. |
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6 |
Controlling party |
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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. |
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7 |
Other information |
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GenMed Commercial Finance Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Lincoln House |
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137-143 Hammersmith Road |
|
London |
|
W14 0QL |