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REGISTERED NUMBER: 04085668 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

GEM MARINE INTERNATIONAL LIMITED

GEM MARINE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04085668)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


GEM MARINE INTERNATIONAL LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G Mortola





REGISTERED OFFICE: 19 Leyden Street
London
E1 7LE





REGISTERED NUMBER: 04085668 (England and Wales)





ACCOUNTANTS: Trustige Limited
4th Floor, Portman House,
2 Portman Street
London
W1H 6DU

GEM MARINE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04085668)

Report of the Director
for the Year Ended 31 December 2024

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

DIRECTOR
G Mortola held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G Mortola - Director


17 July 2025

GEM MARINE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04085668)

Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

TURNOVER - -

Administrative expenses 28,442 27,915
(28,442 ) (27,915 )

Other operating income 7,663 -
OPERATING LOSS (20,779 ) (27,915 )

Profit on sale of investments 4 116,026 9,546
95,247 (18,369 )

Interest receivable and similar income 32,427 17,282
127,674 (1,087 )
Gain/loss on revaluation of investments (56,868 ) 131,673
PROFIT BEFORE TAXATION 70,806 130,586

Tax on profit 13,510 -
PROFIT FOR THE FINANCIAL YEAR 57,296 130,586

GEM MARINE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04085668)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,613,252 1,527,323

CURRENT ASSETS
Debtors 6 2,400 5,340
Cash at bank 3,194 5,921
5,594 11,261
CREDITORS
Amounts falling due within one year 7 76,479 53,513
NET CURRENT LIABILITIES (70,885 ) (42,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,542,367

1,485,071

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,532,367 1,475,071
1,542,367 1,485,071

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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:





G Mortola - Director


GEM MARINE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04085668)

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

1. STATUTORY INFORMATION

Gem Marine International 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.

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 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 NIL (2023 - NIL).

4. EXCEPTIONAL ITEMS
2024 2023
£    £   
Profit on sale of investments 116,026 9,546

GEM MARINE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04085668)

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

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 January 2024 1,527,323
Additions 785,381
Disposals (699,452 )
At 31 December 2024 1,613,252
NET BOOK VALUE
At 31 December 2024 1,613,252
At 31 December 2023 1,527,323

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,400 5,340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,510 -
Other creditors 62,969 53,513
76,479 53,513