Gentian Partnerships Asset Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10537906

Gentian Partnerships Asset Management Limited

Filleted Unaudited Financial Statements

31 December 2024

Gentian Partnerships Asset Management Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5	1,691	3,248
Investments	6	–	10,000
		-------	--------
		1,691	13,248

Current assets

Debtors	7	1,376,700	1,362,629
Cash at bank and in hand		74,919	53,474
		------------	------------
		1,451,619	1,416,103

Creditors: amounts falling due within one year	8	1,881,037		1,709,959
		------------		------------
Net current liabilities			429,418		293,856
			---------		---------
Total assets less current liabilities			( 427,727)		( 280,608)

Provisions

Taxation including deferred tax	423	617
	---------	---------
Net liabilities	( 428,150)	( 281,225)
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account	10	( 428,250)	( 281,325)
		---------	---------
Shareholders deficit		( 428,150)	( 281,225)
		---------	---------

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 .

Gentian Partnerships Asset Management Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr N K Ekins

Director

Company registration number: 10537906

Gentian Partnerships Asset Management 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 146 New London Road, Chelmsford, Essex, CM2 0AW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with the provision of FRS 102 Section 1A small entities, '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 the going concern basis which is dependent upon the continued support of group companies. The directors of group companies have expressed their willingness to support the company for the foreseeable future by ensuring sufficient funds are available for the company to continue trading.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2023: 7 ).

5. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2024 and 31 December 2024	37,909
	--------
Depreciation
At 1 January 2024	34,661
Charge for the year	1,557
	--------
At 31 December 2024	36,218
	--------
Carrying amount
At 31 December 2024	1,691
	--------
At 31 December 2023	3,248
	--------

6. Investments

	Shares in participating interests
	£
Cost
At 1 January 2024	10,000
Disposals	( 10,000)
	--------
At 31 December 2024	–
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 31 December 2024	–
	--------
At 31 December 2023	10,000
	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	61,166	152,112
Prepayments and accrued income	5,978	44,965
Amounts due from related undertakings	1,307,504	1,161,623
Other debtors	2,052	3,929
	------------	------------
	1,376,700	1,362,629
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	61,106	6,398
Amounts owed to group undertakings	1,776,612	1,666,125
Accruals and deferred income	580	548
Social security and other taxes	42,739	36,888
	------------	------------
	1,881,037	1,709,959
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Reserves

The profit and loss account represents cumulative profits and losses net of dividends that are distributable to shareholders.

11. 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
	£	£	£	£
Related undertakings	555,054	355,870	1,532,487	1,244,496
	---------	---------	------------	------------

The company is wholly owned subsidiary of Gentian Partnerships Limited and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with Gentian Partnerships Limited or other wholly owned subsidiaries within the group.

12. Controlling party

The ultimate parent undertaking of Gentian Partnerships Asset Management Limited is Gentian Partnerships Limited, a company incorporated in England and Wales.