IRIS Accounts Production v24.2.0.383 10221471 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102214712022-12-31102214712023-12-31102214712023-01-012023-12-31102214712021-12-31102214712022-01-012022-12-31102214712022-12-3110221471ns15:EnglandWales2023-01-012023-12-3110221471ns14:PoundSterling2023-01-012023-12-3110221471ns10:Director12023-01-012023-12-3110221471ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110221471ns10:SmallEntities2023-01-012023-12-3110221471ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110221471ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110221471ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110221471ns10:FullAccounts2023-01-012023-12-3110221471ns10:Director22023-01-012023-12-3110221471ns10:RegisteredOffice2023-01-012023-12-3110221471ns5:CurrentFinancialInstruments2023-12-3110221471ns5:CurrentFinancialInstruments2022-12-3110221471ns5:Non-currentFinancialInstruments2023-12-3110221471ns5:Non-currentFinancialInstruments2022-12-3110221471ns5:ShareCapital2023-12-3110221471ns5:ShareCapital2022-12-3110221471ns5:RetainedEarningsAccumulatedLosses2023-12-3110221471ns5:RetainedEarningsAccumulatedLosses2022-12-3110221471ns5:CostValuation2022-12-3110221471ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3110221471ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3110221471ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3110221471ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3110221471ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3110221471ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-31
REGISTERED NUMBER: 10221471 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

GELSOMINA HOLDINGS LIMITED

GELSOMINA HOLDINGS LIMITED (REGISTERED NUMBER: 10221471)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GELSOMINA HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: M Bahari





REGISTERED OFFICE: 83 Cambridge Street
Pimlico
London
SW1V 4PS





REGISTERED NUMBER: 10221471 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS

GELSOMINA HOLDINGS LIMITED (REGISTERED NUMBER: 10221471)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 960,000 960,000
960,001 960,001

CURRENT ASSETS
Debtors 6 179 -
Cash at bank 84 983
263 983
CREDITORS
Amounts falling due within one year 7 522,107 503,019
NET CURRENT LIABILITIES (521,844 ) (502,036 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,157

457,965

CREDITORS
Amounts falling due after more than one
year

8

240,835

281,769
NET ASSETS 197,322 176,196

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 197,320 176,194
197,322 176,196

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GELSOMINA HOLDINGS LIMITED (REGISTERED NUMBER: 10221471)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th September 2024 and were signed by:





M Bahari - Director


GELSOMINA HOLDINGS LIMITED (REGISTERED NUMBER: 10221471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Gelsomina Holdings Limited 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.

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.

Consolidation
The company and its subsidiary form a small group. The company is therefore not required to produce consolidated financial statements. These financial statements present information about the company as a single entity.

Turnover
Turnover represents rents receivable, net of value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
The investment property is held to earn rental income and/or for capital appreciation. It is initially
recognised at cost, and subsequently measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


GELSOMINA HOLDINGS LIMITED (REGISTERED NUMBER: 10221471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed assets investments
Fixed asset investments are shown in the financial statements at cost less any adjustment for the provision of impairment in the value of the investment. Any impairment is charged to the Profit and Loss account as it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 1
NET BOOK VALUE
At 31st December 2023 1
At 31st December 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 960,000
NET BOOK VALUE
At 31st December 2023 960,000
At 31st December 2022 960,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 179 -

GELSOMINA HOLDINGS LIMITED (REGISTERED NUMBER: 10221471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,760 63,760
Tax 7,026 5,238
Social security and other taxes - 1
Other creditors 10,100 10,100
Amount payable to subsidiary
undertaking 424,538 401,258
Directors' current accounts 11,700 7,150
Accruals & deferred income 4,983 15,512
522,107 503,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 63,760 63,760
Bank loans - 2-5 years 162,861 162,861
Bank loans over 5 yr due by instalments 14,214 55,148
240,835 281,769

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 yr due by instalments 14,214 55,148

9. SECURED DEBTS

The group and company have given a fixed and floating charge over the assets of the company to Barclays Bank PLC in respect of amounts due as part of a group-wide credit arrangement.

10. RELATED PARTY DISCLOSURES

Gelsomina Holdings Limited owns 100% of the share capital of Off-Centre Productions Limited and as such transactions between the companies are not disclosed in accordance with FRS 102 33.1A