Company registration number: 04203443
Unaudited financial statements
for the year ended 31 March 2025
for
G & T Resources (Europe) Limited
Pages for filing with the Registrar
Company registration number: 04203443
G & T Resources (Europe) Limited
Balance sheet
as at 31 March 2025
2025 2024
£ £ £ £
Current assets
Debtors 690,979 1,124,933
Investments 385,424 385,424
Cash at bank and in hand 4,053 111,042
1,080,456 1,621,399
Creditors: amounts falling due within one
year
(105,344) (660,459)
Net current assets 975,112 960,940
NET ASSETS 975,112 960,940
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 974,112 959,940
TOTAL EQUITY 975,112 960,940
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04203443
G & T Resources (Europe) Limited
Balance sheet - continued
as at 31 March 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 18 August 2025 and signed on its behalf by:
Mr R Savara, Director
18 August 2025
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G & T Resources (Europe) Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
G & T Resources (Europe) Limited is a private company registered in England and Wales. Its registered number is 04203443. The company is limited by shares. Its registered office is Alpha House, 296 Kenton Road, Harrow, Middlesex, HA3 8DD.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the 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.
Taxation
Taxation for the year comprises current taxation. 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 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.
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G & T Resources (Europe) Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Related party transactions
Included within trade debtors is an amount of £127,178 (2024: £127,178) due from G and T Oilfield And Offshore Services Pvt Ltd, a company registered in India and under common control. Included within other debtors is an amount of £313,374 (2024: £226,904), which was held as a payment on account to G and T Oilfield And Offshore Services Pvt Ltd.

During the year sales of £nil (2024: £24,771) were made to G and T Oilfield And Offshore Services Pvt Ltd. Also during the year engineering services of £357,848 (2024: £431,864) were purchased from G and T Oilfield And Offshore Services Pvt Ltd.

Included within other creditors is an amount of £nil (2024: £226,823) owing to Vink Corporation DMCC, a company registered in Dubai and under common control. During the year purchases of £nil (2024: £76,581) were made from Vink Corporation DMCC.

Included within other creditors is an amount of £45,827 (2024: £255,277) owed to a director.
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