IRIS Accounts Production v25.1.0.734 15801165 Board of Directors Board of Directors 25.6.24 31.12.24 31.12.24 30/6/2025 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh158011652024-06-24158011652024-12-31158011652024-06-252024-12-31158011652024-06-2415801165ns15:EnglandWales2024-06-252024-12-3115801165ns14:PoundSterling2024-06-252024-12-3115801165ns10:Director12024-06-252024-12-3115801165ns10:Director22024-06-252024-12-3115801165ns10:PrivateLimitedCompanyLtd2024-06-252024-12-3115801165ns10:SmallEntities2024-06-252024-12-3115801165ns10:Audited2024-06-252024-12-3115801165ns10:SmallCompaniesRegimeForDirectorsReport2024-06-252024-12-3115801165ns10:SmallCompaniesRegimeForAccounts2024-06-252024-12-3115801165ns10:FullAccounts2024-06-252024-12-3115801165ns10:OrdinaryShareClass12024-06-252024-12-3115801165ns10:Director32024-06-252024-12-3115801165ns10:CompanySecretary12024-06-252024-12-3115801165ns10:RegisteredOffice2024-06-252024-12-3115801165ns5:CurrentFinancialInstruments2024-12-3115801165ns5:ShareCapital2024-12-3115801165ns5:RetainedEarningsAccumulatedLosses2024-12-3115801165ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3115801165ns5:WithinOneYear2024-12-3115801165ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 15801165 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 25 JUNE 2024 TO 31 DECEMBER 2024

FOR

GENTWO SOLUTIONS LTD.

GENTWO SOLUTIONS LTD. (REGISTERED NUMBER: 15801165)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 JUNE 2024 TO 31 DECEMBER 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


GENTWO SOLUTIONS LTD.

COMPANY INFORMATION
FOR THE PERIOD 25 JUNE 2024 TO 31 DECEMBER 2024







Directors: Mr A K Carson
Mr P R Loepfe
Mr P A Nageli





Secretary: Vistra Cosec Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0DB





Registered number: 15801165 (England and Wales)





Auditors: Fuller & Roper Limited
Chartered Accountants and Statutory Auditors
12 Old Mills Industrial Estate
Paulton
BS39 7SU

GENTWO SOLUTIONS LTD. (REGISTERED NUMBER: 15801165)

BALANCE SHEET
31 DECEMBER 2024

Notes £
CURRENT ASSETS
Debtors 4 21,343
Cash at bank 50,045
71,388
CREDITORS
Amounts falling due within one year 5 (54,598 )
NET CURRENT ASSETS 16,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,790

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings 16,789
SHAREHOLDERS' FUNDS 16,790

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 2 May 2025 and were signed on its behalf by:




Mr P A Nageli - Director



Mr P R Loepfe - Director


GENTWO SOLUTIONS LTD. (REGISTERED NUMBER: 15801165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 JUNE 2024 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Gentwo Solutions Ltd. 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.

The Company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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 represents income earned from the parent company calculated on a cost plus basis, excluding Value Added Tax.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Taxation
Taxation for the period 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 balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to Income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to Income statement in the period to which they relate.

GENTWO SOLUTIONS LTD. (REGISTERED NUMBER: 15801165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 25 JUNE 2024 TO 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis. The company is reliant on its ability to recharge its expenditure to its parent company in order to settle its obligations as they fall due. The directors have received assurances from the parent company that all necessary financial support will be made available for a period of at least 12 months from the date the financial statements are approved.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 21,343

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 4,620
Amounts owed to group undertakings 11,225
Taxation and social security 23,743
Other creditors 15,010
54,598

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£
Within one year 55,355

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
1 Ordinary 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Simon Roper (Senior Statutory Auditor)
for and on behalf of Fuller & Roper Limited

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is GenTwo AG. The registered office address is Brandschenkestrasse 5, 8001 Zurich, Switzerland.