1 May 2023 false No description of principal activity Taxfiler 2024.6 11943905business:PrivateLimitedCompanyLtd2023-05-012024-04-30 119439052023-04-30 119439052023-05-012024-04-30 11943905business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 11943905business:FilletedAccounts2023-05-012024-04-30 119439052024-04-30 11943905business:Director12023-05-012024-04-30 11943905business:Director22023-05-012024-04-30 11943905business:RegisteredOffice2023-05-012024-04-30 119439052023-04-30 11943905core:WithinOneYear2024-04-30 11943905core:WithinOneYear2023-04-30 11943905core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 11943905core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 11943905core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 11943905core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 11943905core:PreviouslyStatedAmount2024-04-30 11943905core:PreviouslyStatedAmount2023-04-30 11943905business:SmallEntities2023-05-012024-04-30 11943905countries:EnglandWales2023-05-012024-04-30 11943905core:ComputerEquipment2023-05-012024-04-30 11943905core:ComputerEquipment2023-04-30 11943905core:ComputerEquipment2024-04-30 119439052022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 11943905 (England and Wales)
Genesis Portfolio Limited Unaudited accounts for the year ended 30 April 2024
Genesis Portfolio Limited Unaudited accounts Contents
Page
- 2 -
Genesis Portfolio Limited Company Information for the year ended 30 April 2024
Directors
Luria Monteiro De Senna Fernandes Nigel John Godden
Company Number
11943905 (England and Wales)
Registered Office
The Old Manor Chapelgate, Gedney Spalding PE12 0BJ United Kingdom
- 3 -
Genesis Portfolio Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,034 
254 
Investment property
317,553 
317,553 
318,587 
317,807 
Current assets
Debtors
- 
400 
Cash at bank and in hand
2,966 
3,706 
2,966 
4,106 
Creditors: amounts falling due within one year
(385,747)
(372,905)
Net current liabilities
(382,781)
(368,799)
Total assets less current liabilities
(64,194)
(50,992)
Provisions for liabilities
Deferred tax
(49)
(49)
Net liabilities
(64,243)
(51,041)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(64,343)
(51,141)
Shareholders' funds
(64,243)
(51,041)
For the year ending 30 April 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 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 of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
Luria Monteiro De Senna Fernandes Director Company Registration No. 11943905
- 4 -
Genesis Portfolio Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Genesis Portfolio Limited is a private company, limited by shares, registered in England and Wales, registration number 11943905. The registered office is The Old Manor Chapelgate,, Gedney, Spalding, PE12 0BJ, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
The company’s investment property is measured at fair value in accordance with FRS 102, Section 16 – Investment Property. Fair value is determined at each reporting date based on the most recent market evidence available from independent valuers or other reliable sources. Changes in fair value are recognized in the Statement of Comprehensive Income.
- 5 -
Genesis Portfolio Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
3,108 
Additions
1,289 
At 30 April 2024
4,397 
Depreciation
At 1 May 2023
2,854 
Charge for the year
509 
At 30 April 2024
3,363 
Net book value
At 30 April 2024
1,034 
At 30 April 2023
254 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
317,553 
At 30 April 2024
317,553 
As at 30 April 2024, the fair value of the investment property was £317 553, based on a director’s assessment using market data and comparable sales evidence. The directors confirm that there were no material changes in the property’s condition or market conditions that would significantly affect its valuation as at the reporting date.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
9 
Accrued income and prepayments
- 
375 
Other debtors
- 
16 
- 
400 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
6,160 
6,160 
Loans from directors
378,987 
365,545 
Accruals
600 
1,200 
385,747 
372,905 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -