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REGISTERED NUMBER: 15513795 (England and Wales)













Unaudited Financial Statements

for the Period 22 February 2024 to 31 December 2024

for

Group Gear Holdings Limited

Group Gear Holdings Limited (Registered number: 15513795)






Contents of the Financial Statements
for the Period 22 February 2024 to 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Group Gear Holdings Limited

Company Information
for the Period 22 February 2024 to 31 December 2024







DIRECTORS: L W Young
J G Caswell





REGISTERED OFFICE: Unit 1 Antler Buildings
Bromsgrove Road
Halesowen
West Midlands
B63 3HJ





REGISTERED NUMBER: 15513795 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Group Gear Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Group Gear Holdings Limited for the period ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Group Gear Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Group Gear Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Group Gear Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Group Gear Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Group Gear Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Group Gear Holdings Limited. You consider that Group Gear Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Group Gear Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


6 February 2025

Group Gear Holdings Limited (Registered number: 15513795)

Balance Sheet
31 December 2024

Notes £   
FIXED ASSETS
Investments 4 1,786,080

CURRENT ASSETS
Cash at bank 7,500

CREDITORS
Amounts falling due within one year 5 (143,573 )
NET CURRENT LIABILITIES (136,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,650,007

CREDITORS
Amounts falling due after more than
one year

6

(1,107,443

)
NET ASSETS 542,564

CAPITAL AND RESERVES
Called up share capital 100
Share premium 542,095
Retained earnings 369
542,564

Group Gear Holdings Limited (Registered number: 15513795)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:




L W Young - Director



J G Caswell - Director


Group Gear Holdings Limited (Registered number: 15513795)

Notes to the Financial Statements
for the Period 22 February 2024 to 31 December 2024

1. STATUTORY INFORMATION

Group Gear Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 period was NIL.

Group Gear Holdings Limited (Registered number: 15513795)

Notes to the Financial Statements - continued
for the Period 22 February 2024 to 31 December 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,786,080
At 31 December 2024 1,786,080
NET BOOK VALUE
At 31 December 2024 1,786,080

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 321
Other creditors 143,252
143,573

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Amounts owed to group undertakings 207,443
Other creditors 900,000
1,107,443