Gentian Developments (Petersfield) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07615337

Gentian Developments (Petersfield) Limited

Filleted Unaudited Financial Statements

31 December 2024

Gentian Developments (Petersfield) Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Gentian Developments (Petersfield) Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Current assets

Stocks		5,544,701	6,404,120
Debtors	5	294,873	3,728
Cash at bank and in hand		162,138	16,111
		------------	------------
		6,001,712	6,423,959

Creditors: amounts falling due within one year	6	6,522,614		6,445,538
		------------		------------
Net current liabilities			520,902		21,579
			---------		--------
Total assets less current liabilities			( 520,902)		( 21,579)
			---------		--------
Net liabilities			( 520,902)		( 21,579)
			---------		--------

Capital and reserves

Called up share capital	7	120	120
Profit and loss account		( 521,022)	( 21,699)
		---------	--------
Shareholders deficit		( 520,902)	( 21,579)
		---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr N K Ekins

Director

Company registration number: 07615337

Gentian Developments (Petersfield) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Trafalgar House South, Trafalgar Street, Winchester, SO23 9DH, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which is dependent on the continued support of its creditors. The directors of its creditors have expressed their willingness to support the company for the foreseeable future by ensuring sufficient funds are available for the company to continue trading.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable profit or losses where appropriate.

Revenue recognition

The turnover shown in the profit and loss account represents amounts of long term work in progress arising to date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Average number of employees

During the year the average number of employees was 1 (2023: 2) which consisted of the directors only.

5. Debtors

	2024	2023
	£	£
Trade debtors	27,227	–
Other debtors	267,646	3,728
	---------	-------
	294,873	3,728
	---------	-------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	372,390	4,868
Accruals and deferred income	3,000	1,251,650
Amounts owed to related undertakings	6,147,224	5,189,020
	------------	------------
	6,522,614	6,445,538
	------------	------------

7. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
A Ordinary shares of £ 1 each	60	60	60	60
B Ordinary shares of £ 1 each	60	60	60	60
	----	----	----	----
	120	120	120	120
	----	----	----	----

8. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Entities with joint control or significant influence	200,187	17,000	( 6,147,224)	( 5,189,020)
	---------	--------	------------	------------