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REGISTERED NUMBER: 13886258 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

GSI CAPITAL LIMITED

GSI CAPITAL LIMITED (REGISTERED NUMBER: 13886258)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GSI CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P Mitchell
Mrs J L Mitchell
M D Marais





REGISTERED OFFICE: 1 Churchill Court
Hortons Way
Westerham
Kent
TN16 1BT





REGISTERED NUMBER: 13886258 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

GSI CAPITAL LIMITED (REGISTERED NUMBER: 13886258)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 545,236 237,873
Investments 5 940,836 614,068
1,486,072 851,941

CURRENT ASSETS
Debtors 6 27,792 5,310
Cash at bank 687,106 15,572
714,898 20,882
CREDITORS
Amounts falling due within one year 7 (344,754 ) (95,851 )
NET CURRENT ASSETS/(LIABILITIES) 370,144 (74,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,856,216

776,972

CREDITORS
Amounts falling due after more than one
year

8

(915,375

)

(696,192

)
NET ASSETS 940,841 80,780

CAPITAL AND RESERVES
Called up share capital 810,000 10,000
Retained earnings 130,841 70,780
940,841 80,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





P Mitchell - Director


GSI CAPITAL LIMITED (REGISTERED NUMBER: 13886258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

GSI Capital 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.

Preparation of consolidated financial statements
The financial statements contain information about GSI Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

GSI CAPITAL LIMITED (REGISTERED NUMBER: 13886258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023 239,872
Additions 333,644
At 30 June 2024 573,516
AMORTISATION
At 1 July 2023 1,999
Charge for year 26,281
At 30 June 2024 28,280
NET BOOK VALUE
At 30 June 2024 545,236
At 30 June 2023 237,873

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 614,068
Additions 326,768
At 30 June 2024 940,836
NET BOOK VALUE
At 30 June 2024 940,836
At 30 June 2023 614,068

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,908 5,310
Directors' current accounts 750 -
Prepayments 21,134 -
27,792 5,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 152,044 90,936
Trade creditors 13,303 2,815
Other creditors 177,307 -
Accrued expenses 2,100 2,100
344,754 95,851

GSI CAPITAL LIMITED (REGISTERED NUMBER: 13886258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 152,044 96,933
Other loans more 5yrs instal 707,331 599,259
Other creditors 56,000 -
915,375 696,192

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 707,331 599,259

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 1,011,419 787,128

The loans are secured via a fixed and floating charge which covers all the property and undertaking of the company.