REGISTRAR OF COMPANIES

Registration number: 15846267

GC Group Holdings Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	5

GC Group Holdings Limited

Company Information

Directors	M Venables N Venables

Registered office

Bryn Celli Ddu Llanddaniel ANGLESEY LL61 6EQ

Accountants

Dodd & Co Limited Chartered Accountants FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
GC Group Holdings Limited
for the Period Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GC Group Holdings Limited for the period ended 31 December 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of GC Group Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 5 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of GC Group Holdings Limited and state those matters that we have agreed to state to the Board of Directors of GC Group Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GC Group Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that GC Group Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of GC Group Holdings Limited. You consider that GC Group Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of GC Group Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

13 May 2025

GC Group Holdings Limited

(Registration number: 15846267)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £
Fixed assets
Investments	4	1,873,105
Current assets
Debtors	5	70,111
Creditors: Amounts falling due within one year	6	(767,590)
Net current liabilities		(697,479)
Net assets		1,175,626
Capital and reserves
Allotted, called up and fully paid share capital		100
Merger relief reserve		1,175,526
Total equity		1,175,626

GC Group Holdings Limited

(Registration number: 15846267)
Balance Sheet as at 31 December 2024 (continued)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 

.........................................

M Venables

Director

.........................................

N Venables

Director

GC Group Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 18 July 2024 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Bryn Celli Ddu
Llanddaniel
ANGLESEY
LL61 6EQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company has net current liabilities at 31 December 2024 and meets its day to day working capital requirements through its loans from related individuals which, in common with all such facilities, is repayable on demand. In addition the directors have provided financial support by way of short term loans. On the basis of this support, the directors consider it appropriate to prepare the financial statements on the going concern basis.

However, should the company not have the support of the related individuals, and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

Disclosure of long or short period

The accounting period has been shortened to 31 December 2024 to better fit with the year end of the associated companies.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

GC Group Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 18 July 2024 to 31 December 2024 (continued)

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Preference shares are classified as debt when the shares are redeemable in the future at the option of the holder.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4	Investments

	31 December 2024 £
Investments in subsidiaries	1,873,105