Silverfin false false 30/11/2024 01/12/2023 30/11/2024 D Mack 30/10/2020 J Mack 30/10/2020 05 August 2025 no description of principal activity 12987168 2024-11-30 12987168 bus:Director1 2024-11-30 12987168 bus:Director2 2024-11-30 12987168 core:CurrentFinancialInstruments 2024-11-30 12987168 core:CurrentFinancialInstruments 2023-11-30 12987168 2023-11-30 12987168 core:ShareCapital 2024-11-30 12987168 core:ShareCapital 2023-11-30 12987168 core:RetainedEarningsAccumulatedLosses 2024-11-30 12987168 core:RetainedEarningsAccumulatedLosses 2023-11-30 12987168 2023-12-01 2024-11-30 12987168 bus:FilletedAccounts 2023-12-01 2024-11-30 12987168 bus:SmallEntities 2023-12-01 2024-11-30 12987168 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 12987168 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12987168 bus:Director1 2023-12-01 2024-11-30 12987168 bus:Director2 2023-12-01 2024-11-30 12987168 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 12987168 (England and Wales)

GENATEC DEVELOPMENTS LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

GENATEC DEVELOPMENTS LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

GENATEC DEVELOPMENTS LTD

BALANCE SHEET

As at 30 November 2024
GENATEC DEVELOPMENTS LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Current assets
Debtors 3 4,981 5,969
4,981 5,969
Creditors: amounts falling due within one year 4 ( 1,015) ( 1,035)
Net current assets 3,966 4,934
Total assets less current liabilities 3,966 4,934
Net assets 3,966 4,934
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 2,966 3,934
Total shareholder's funds 3,966 4,934

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Genatec Developments Ltd (registered number: 12987168) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D Mack
Director
J Mack
Director

05 August 2025

GENATEC DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
GENATEC DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Genatec Developments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Highland Farm, West Beckham, Holt, NR25 6PL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

The company has no employees, other than the Directors who receive no remuneration.

3. Debtors

2024 2023
£ £
Amounts owed by Parent undertakings 4,981 5,969

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 1,015 1,035

5. Related party transactions

The company has taken advantage of the exemption under 33.1A, allowing wholly owned group members to depart from the requirements to disclose transactions with other group companies.