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Company No: 11042735 (England and Wales)

GENTEK LIMITED

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

GENTEK LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

GENTEK LIMITED

BALANCE SHEET

As at 30 November 2024
GENTEK LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 1,623 500
1,623 500
Current assets
Debtors 5 12 12
Cash at bank and in hand 5,172 4,160
5,184 4,172
Creditors: amounts falling due within one year 6 ( 6,795) ( 4,660)
Net current liabilities (1,611) (488)
Total assets less current liabilities 12 12
Net assets 12 12
Capital and reserves
Called-up share capital 7 12 12
Total shareholders' funds 12 12

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Gentek Limited (registered number: 11042735) were approved and authorised for issue by the Board of Directors on 06 March 2025. They were signed on its behalf by:

J Fiske
Director
GENTEK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
GENTEK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

Gentek Limited (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 C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Prior year adjustment

The 2023 financial statements have been amended to reflect the fact that Land and Buildings additions were incorrectly depreciated.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Prior year adjustment

The 2023 financial statements have been amended to reflect the fact that Land and Buildings additions were incorrectly depreciated. The table below illustrates the increase/(decrease) in each financial statement line.

As previously reported Adjustment As restated
Year ended 30 November 2023 £ £ £
Land and Buildings Depreciation charge (P&L) 100 (100) 0
Land and Buildings Accumulated Depreciation (100) 100 0

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

4. Tangible assets

Land and buildings Total
£ £
Cost/Valuation
At 01 December 2023 500 500
Additions 1,123 1,123
At 30 November 2024 1,623 1,623
Accumulated depreciation
At 01 December 2023 0 0
At 30 November 2024 0 0
Net book value
At 30 November 2024 1,623 1,623
At 30 November 2023 500 500

5. Debtors

2024 2023
£ £
Other debtors 12 12

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 450 396
Other creditors 6,345 4,264
6,795 4,660

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
12 Ordinary shares of £ 1.00 each 12 12