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REGISTERED NUMBER: 07182660 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

GCXL LIMITED

GCXL LIMITED (REGISTERED NUMBER: 07182660)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GCXL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: G L Caul
X L J Lefebvre





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 07182660 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

GCXL LIMITED (REGISTERED NUMBER: 07182660)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 400,000

CURRENT ASSETS
Cash at bank 34,390 36,746

CREDITORS
Amounts falling due within one year 5 207,002 229,235
NET CURRENT LIABILITIES (172,612 ) (192,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,388

207,511

PROVISIONS FOR LIABILITIES 6 8,428 8,428
NET ASSETS 218,960 199,083

CAPITAL AND RESERVES
Called up share capital 7 10 10
Fair value reserve 8 106,592 106,592
Retained earnings 112,358 92,481
SHAREHOLDERS' FUNDS 218,960 199,083

GCXL LIMITED (REGISTERED NUMBER: 07182660)

BALANCE SHEET - continued
31ST MARCH 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 9th July 2025 and were signed on its behalf by:





G L Caul - Director


GCXL LIMITED (REGISTERED NUMBER: 07182660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

GCXL 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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 year was 2 (2024 - 2 ) .

GCXL LIMITED (REGISTERED NUMBER: 07182660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 400,000
NET BOOK VALUE
At 31st March 2025 400,000
At 31st March 2024 400,000

The investment property was valued at the balance sheet date, on an open market value basis, by the company directors.

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2024 115,030
Cost 284,970
400,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 5,288 5,077
VAT 1,555 1,758
Directors' current accounts 199,004 220,999
Accrued expenses 1,155 1,401
207,002 229,235

6. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 8,428 8,428

Deferred
tax
£   
Balance at 1st April 2024 8,428
Balance at 31st March 2025 8,428

GCXL LIMITED (REGISTERED NUMBER: 07182660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary £0.01 10 10

8. RESERVES
Fair
value
reserve
£   
At 1st April 2024
and 31st March 2025 106,592

9. RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the year, who between them own 100% of the issued share capital.

The total amounts owed to the directors at the end of the year was £199,004 (2024 : £220,999)