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REGISTERED NUMBER: 10156010 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Ground Risk Solutions Limited

Ground Risk Solutions Limited (Registered number: 10156010)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ground Risk Solutions Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G A Evans
R Mabe
S G Jackson





REGISTERED OFFICE: 10 St Martins Industrial Park
Moorend Farm Avenue
Avonmouth
Bristol
BS11 0RS





REGISTERED NUMBER: 10156010 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Ground Risk Solutions Limited (Registered number: 10156010)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,495,632 1,495,632

CURRENT ASSETS
Debtors 5 462,424 463,324

CREDITORS
Amounts falling due within one year 6 - 900
NET CURRENT ASSETS 462,424 462,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,958,056

1,958,056

CAPITAL AND RESERVES
Called up share capital 572 572
Retained earnings 7 1,957,484 1,957,484
SHAREHOLDERS' FUNDS 1,958,056 1,958,056

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





G A Evans - Director


Ground Risk Solutions Limited (Registered number: 10156010)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Ground Risk Solutions 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.

Preparation of consolidated financial statements
The financial statements contain information about Ground Risk Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 January 2024
and 31 December 2024 1,495,632
Net book value
At 31 December 2024 1,495,632
At 31 December 2023 1,495,632

Ground Risk Solutions Limited (Registered number: 10156010)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Amounts owed by group undertakings 462,384 463,284
Other debtors 40 40
462,424 463,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Other creditors - 900

7. RESERVES

During the year, the company made a contribution of £Nil (2023 - £1,695,000) to Soilfix EOT Limited, an Employee Ownership Trust set up for the benefit of the employees of the subsidiary company Soilfix Ltd.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24 31/12/23
£    £   
S G Jackson
Balance outstanding at start of year - 896
Amounts advanced - 538
Amounts repaid - (1,434 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

G A Evans
Balance outstanding at start of year - 1,485
Amounts repaid - (1,485 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

R Mabe
Balance outstanding at start of year - 1,383
Amounts advanced - 10,538
Amounts repaid - (11,921 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loans to the directors were interest free with no fixed repayment terms.

Ground Risk Solutions Limited (Registered number: 10156010)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. RELATED PARTY DISCLOSURES

Soilfix Ltd
Subsidiary company

During the year, the company invoiced Soilfix Ltd £Nil (2023 - £150,000) in respect of management and consultancy fees.

At 31 December 2024, Soilfix Ltd owed the company £462,384 (2023 - £463,284). The intercompany loan balance is interest free and has no fixed repayment terms.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the Employee Ownership Trust, Soilfix EOT Limited, which shares the same registered office as Ground Risk Solutions Limited.