Registration number: 13475937

GEM Green Energy Services Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 5

GEM Green Energy Services Limited

Company Information

Directors

M Barney R J Clarke K W Harris

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Auditor

Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

GEM Green Energy Services Limited

Statement of Financial Position as at 30 June 2024

	Note	2024 £	2023 £
Current assets
Debtors	5	9,200	29,200
Creditors: Amounts falling due within one year	6	(1,514,415)	(815,699)
Net liabilities		(1,505,215)	(786,499)
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		(1,506,215)	(787,499)
Shareholders' deficit		(1,505,215)	(786,499)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

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

R J Clarke

Director

Company registration number: 13475937

GEM Green Energy Services Limited

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

1	General information

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

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of plumbing, heat and air-conditioning installation and environmental consulting.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 20 March 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3	Accounting policies

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 any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Disclosure of long or short period

These financial statements are for the period from 1 April 2023 to 30 June 2024. The comparatives relate to the year ended 31 March 2023.

Going concern

The company made a loss for the year ended 30 June 2024 and had a deficiency of net assets of £1,505,215 at this date. The company is supported by loans from a group undertaking, to whom an amount of £1,505,415 was due at 30 June 2024 and who have confirmed they will not call for repayment until such time as the company has sufficient working capital to meet its future obligations. The directors are confident that the company will trade profitably and generate sufficient working capital in the future.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

GEM Green Energy Services Limited

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

4	Staff numbers

The average number of persons employed by the company during the period, was 0 (2023 - 0).

5

Debtors

	2024 £	2023 £
Other debtors	9,200	29,200
	9,200	29,200

Details of non-current trade and other debtors

Included within other debtors is an amount of £Nil (2023: £8,200) recoverable in greater than one year.

GEM Green Energy Services Limited

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Amounts owed to group undertakings	1,505,415	-
Accruals and deferred income	9,000	8,620
Other creditors	-	807,079
	1,514,415	815,699