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Company Registration Number: 08891617
 
 
3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited
 
Unaudited Financial Statements
 
for the financial year ended 29 February 2024



3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited
DIRECTOR AND OTHER INFORMATION

 
Director Darren Grant
 
 
Company Registration Number 08891617
 
 
Registered Office and Business Address First Floor
85 Portland Street
London
W1W 7LT
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
 
Bankers Starling Bank
  5th Floor, London Fruit & Wool Exchange
  1 Duval Square
  London
  E1 6PW
  United Kingdom



3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited

CHARTERED ACCOUNTANTS REPORT
to the Director on the Compilation of the unaudited financial statements of 3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited
for the financial year ended 29 February 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 29 February 2024 as set out on pages  to 12 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of 3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 29 February 2024 your duty to ensure that 3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited. You consider that 3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of 3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
20 October 2024



3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited
Company Registration Number: 08891617
STATEMENT OF FINANCIAL POSITION
as at 29 February 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 5 2,462 2,400
───────── ─────────
 
Current Assets
Receivables 6 3,186 18,500
Cash and cash equivalents 698 1,741
───────── ─────────
3,884 20,241
───────── ─────────
Payables: amounts falling due within one year 7 (11,500) (26,254)
───────── ─────────
Net Current Liabilities (7,616) (6,013)
───────── ─────────
Total Assets less Current Liabilities (5,154) (3,613)
 
Payables:
amounts falling due after more than one year 8 (39,382) (39,048)
───────── ─────────
Net Liabilities (44,536) (42,661)
═════════ ═════════
 
Equity
Called up share capital 1 1
Retained earnings (44,537) (42,662)
───────── ─────────
Equity attributable to owners of the company (44,536) (42,661)
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 20 October 2024
           
           
________________________________          
Darren Grant          
Director          
           



3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 29 February 2024

   
1. General Information
 
3 And A Half Geniuses Ltd, previously known as Gindene Solutions Limited is a company limited by shares incorporated and registered in the England. The registered number of the company is 08891617. The registered office of the company is First Floor, 85 Portland Street, London, W1W 7LT which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 29 February 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
 
Exceptional item
Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.
   
3. Going concern
 
As at 28th February 2024 the company had a deficiency of assets of £44,536. The entity remains reliant upon the director.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
       
5. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 March 2023 3,000 3,000
Additions 678 678
  ───────── ─────────
At 29 February 2024 3,678 3,678
  ───────── ─────────
Depreciation
At 1 March 2023 600 600
Charge for the financial year 616 616
  ───────── ─────────
At 29 February 2024 1,216 1,216
  ───────── ─────────
Carrying amount
At 29 February 2024 2,462 2,462
  ═════════ ═════════
At 28 February 2023 2,400 2,400
  ═════════ ═════════
       
6. Receivables 2024 2023
  £ £
 
Amounts owed by connected parties (Note 10) - 18,500
Director's current account (Note 11) 3,186 -
  ───────── ─────────
  3,186 18,500
  ═════════ ═════════
       
7. Payables 2024 2023
Amounts falling due within one year £ £
 
Bank loan 10,000 10,000
Director's current account - 7,215
Other creditors - 6,630
Accruals 1,500 2,409
  ───────── ─────────
  11,500 26,254
  ═════════ ═════════
       
8. Payables 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 39,382 39,048
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 10,000 10,000
Repayable between one and two years 10,000 10,000
Repayable between two and five years 29,382 29,048
  ───────── ─────────
  49,382 49,048
  ═════════ ═════════
 
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 29 February 2024.
           
10. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
Kent Homes NI Limited - (18,500) 18,500 18,500
  ───────── ───────── ───────── ═════════
 
Kent Homes NI Limited.
Darren Grant served as director in Kent Homes NI Limited. Darren Grant is also the director of 3 And A Half Geniuses Limited, As at 1st March 2023 there was £18,500.00 balance owing to/from Kent Homes NI Limited. During the year there were net transactions of £nil. The balance has been written off by way of an exceptional item as Kent Homes NI Limited is now dissolved. The balance as at 28th February 2024 is £nil.
 
In the opinion of the director these amounts arise in the ordinary course of business and the terms of the amounts due are in accordance with the terms ordinarily offered by the company.
   
11. Director's advances, credits and guarantees
 
As at 1st March 2023, the director was owed £7,215 from the company. During the year there were net transactions of £10,401. As at 29th February 2024, the director owed the company £3,186.
   
12. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.