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Company Registration No. 12372299 (England and Wales)
GenEarth Ltd Unaudited accounts for the year ended 31 December 2023
GenEarth Ltd Unaudited accounts Contents
Page
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GenEarth Ltd Company Information for the year ended 31 December 2023
Director
Laura Dempsey
Company Number
12372299 (England and Wales)
Registered Office
3rd Floor 207 Regent Street London W1B 3HH United Kingdom
Accountants
Steffanie Hartley 9A Tufton Street London SW1P 3QB
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GenEarth Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
1,574 
1,050 
Creditors: amounts falling due within one year
(1,574)
(1,050)
Net current assets
- 
- 
Net assets
- 
- 
Members' funds
- 
- 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
Laura Dempsey Director Company Registration No. 12372299
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GenEarth Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
GenEarth Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 12372299. The registered office is 3rd Floor 207 Regent Street, London, W1B 3HH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration of grants received. Turnover from the rendering of services is recognised by reference to the stage of completion of the grant. The stage of completion of a grant is measured by comparing the costs incurred for work performed to date to the total estimated grant costs.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,473 
1,050 
Accrued income and prepayments
101 
- 
1,574 
1,050 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
70 
69 
Accruals
374 
465 
Deferred income
1,130 
516 
1,574 
1,050 
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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