Silverfin false true 30/09/2024 01/10/2023 30/09/2024 Scott James Richardson Brown 26/01/2016 Simon Mark Turner 19/09/2014 Alasdair James Woodbridge 19/09/2014 05 February 2025 no description of principal activity 09226757 2024-09-30 09226757 bus:Director1 2024-09-30 09226757 bus:Director2 2024-09-30 09226757 bus:Director3 2024-09-30 09226757 2023-09-30 09226757 core:CurrentFinancialInstruments 2024-09-30 09226757 core:CurrentFinancialInstruments 2023-09-30 09226757 core:ShareCapital 2024-09-30 09226757 core:ShareCapital 2023-09-30 09226757 core:SharePremium 2024-09-30 09226757 core:SharePremium 2023-09-30 09226757 core:CostValuation 2023-09-30 09226757 core:CostValuation 2024-09-30 09226757 bus:OrdinaryShareClass1 2024-09-30 09226757 2023-10-01 2024-09-30 09226757 bus:FilletedAccounts 2023-10-01 2024-09-30 09226757 bus:SmallEntities 2023-10-01 2024-09-30 09226757 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09226757 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09226757 bus:Director1 2023-10-01 2024-09-30 09226757 bus:Director2 2023-10-01 2024-09-30 09226757 bus:Director3 2023-10-01 2024-09-30 09226757 2022-10-01 2023-09-30 09226757 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09226757 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09226757 (England and Wales)

GENIUS CONCEPTS LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

GENIUS CONCEPTS LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

GENIUS CONCEPTS LTD

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
GENIUS CONCEPTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 100 100
100 100
Current assets
Debtors 4 307,502 307,502
307,502 307,502
Net current assets 307,502 307,502
Total assets less current liabilities 307,602 307,602
Net assets 307,602 307,602
Capital and reserves
Called-up share capital 5 144 144
Share premium account 307,458 307,458
Total shareholders' funds 307,602 307,602

Genius Concepts Ltd (registered number: 09226757) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Genius Concepts Ltd (registered number: 09226757) were approved and authorised for issue by the Board of Directors on 05 February 2025. They were signed on its behalf by:

Alasdair James Woodbridge
Director
GENIUS CONCEPTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
GENIUS CONCEPTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Genius Concepts Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 41 Hylton Street, Birmingham, B18 6HJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 100
At 30 September 2024 100
Carrying value at 30 September 2024 100
Carrying value at 30 September 2023 100

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 307,500 307,500
Other debtors 2 2
307,502 307,502

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
14,424 Ordinary shares of £ 0.01 each 144 144