Company registration number 05087087 (England and Wales)
GENTLEAID (7) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
GENTLEAID (7) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GENTLEAID (7) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
2,190,000
2,632,500
Current assets
Debtors
4
685,607
685,607
Cash at bank and in hand
31,385
6,907
716,992
692,514
Creditors: amounts falling due within one year
5
(42,050)
(35,300)
Net current assets
674,942
657,214
Net assets
2,864,942
3,289,714
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
2,864,941
3,289,713
Total equity
2,864,942
3,289,714

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 November 2024 and are signed on its behalf by:
G S Wilder
Director
Company Registration No. 05087087
GENTLEAID (7) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Gentleaid (7) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Coldbath Square, London, EC1R 5HL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable from the company's participating interest.

1.3
Fixed asset investments

Investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Trade and other debtors

Trade and other debtors are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Trade and other creditors

Trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

GENTLEAID (7) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

 

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
Capital contribution in  participating interests
Loans to  participating interests
Total
£
£
£
Cost or valuation
At 1 April 2023
40,000
2,592,500
2,632,500
Repayments
-
(442,500)
(442,500)
At 31 March 2024
40,000
2,150,000
2,190,000
Carrying amount
At 31 March 2024
40,000
2,150,000
2,190,000
At 31 March 2023
40,000
2,592,500
2,632,500
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by undertakings in which the company has a participating interest
685,607
685,607
GENTLEAID (7) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
42,050
35,300
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1
1
1
1
1
2024-03-312023-04-01falsefalsefalse28 November 2024CCH SoftwareCCH Accounts Production 2024.301No description of principal activityG S WilderM WilderKingswood Investment Partners Limited050870872023-04-012024-03-31050870872024-03-31050870872023-03-3105087087core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3105087087core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3105087087core:ShareCapital2024-03-3105087087core:ShareCapital2023-03-3105087087core:RetainedEarningsAccumulatedLosses2024-03-3105087087core:RetainedEarningsAccumulatedLosses2023-03-3105087087bus:Director12023-04-012024-03-31050870872022-04-012023-03-3105087087core:CurrentFinancialInstruments2023-03-3105087087core:CurrentFinancialInstruments2024-03-3105087087bus:PrivateLimitedCompanyLtd2023-04-012024-03-3105087087bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105087087bus:FRS1022023-04-012024-03-3105087087bus:AuditExemptWithAccountantsReport2023-04-012024-03-3105087087bus:Director22023-04-012024-03-3105087087bus:CompanySecretary12023-04-012024-03-3105087087bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP