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Registered number: 13294920
Genesis Process Group Limited
Financial Statements
For The Year Ended 31 May 2024
Arthur G Edwards & Co Limited
Chartered Certified Accountants
Alexandra House
74 Moorland Road
Stoke-on-Trent
Staffs
ST6 1DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13294920
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 660,000 660,000
660,000 660,000
CURRENT ASSETS
Cash at bank and in hand 49,722 98,234
49,722 98,234
Creditors: Amounts Falling Due Within One Year 5 (826 ) (172,354 )
NET CURRENT ASSETS (LIABILITIES) 48,896 (74,120 )
TOTAL ASSETS LESS CURRENT LIABILITIES 708,896 585,880
Creditors: Amounts Falling Due After More Than One Year 6 (661,155 ) (561,155 )
NET ASSETS 47,741 24,725
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 47,731 24,715
SHAREHOLDERS' FUNDS 47,741 24,725
Page 1
Page 2
For the year ending 31 May 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Cameron
Director
18/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Genesis Process Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13294920 . The registered office is Alexandra House, 74 Moorland Road Burslem, Stoke on Trent, Staffs, ST6 1DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investments
Investments in subsidiary undertakings are shown at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 June 2023 660,000
As at 31 May 2024 660,000
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 660,000
As at 1 June 2023 660,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 119,998
Accruals and deferred income 696 624
Directors' loan accounts 130 51,732
826 172,354
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6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Creditors owed to subsidiaries 661,155 561,155
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Controlling Party
The company's controlling party is Mr Philip Cameron by virtue of his ownership of 80% of the issued share capital in the company.
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