REGISTERED NUMBER: 01173626 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GB CYCLE COMPONENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J N Burgess

A M A Williams

SECRETARY:

K C White

REGISTERED OFFICE:

C/o Pashley Holdings Ltd

Masons Road

Stratford-Upon-Avon

Warwickshire

CV37 9NL

REGISTERED NUMBER:

01173626 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

100

100

CURRENT ASSETS

Debtors

5

144

144

Cash at bank

3

3

147

147

CREDITORS

Amounts falling due within one year

6

50,754

50,754

NET CURRENT LIABILITIES

(50,607

)

(50,607

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(50,507

)

(50,507

)

CREDITORS

Amounts falling due after more than one year

7

1,500

1,500

NET LIABILITIES

(52,007

)

(52,007

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(52,107

)

(52,107

)

(52,007

)

(52,007

)

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

A M A Williams - Director

1.	STATUTORY INFORMATION

GB Cycle Components Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors, trade creditors and group loans.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

Cost

At 1 January 2024

and 31 December 2024

100

Net book value

At 31 December 2024

100

At 31 December 2023

100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

144

144

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to participating interests

50,579

50,579

Other creditors

175

175

50,754

50,754

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

1,500

1,500

8.	FINANCIAL COMMITMENTS

The Company is party to unlimited multilateral guarantees as security for the bank borrowings of connected companies. At 31 December 2024 the potential liability under these guarantees amounted to £820,633 (2023: £1,071,444).

9.	CONTROLLING PARTY

The Company's immediate and ultimate parent undertaking is GB Cycles Limited. GB Cycles Limited's registered office is C/O Pashley Holdings Limited, Masons Road, Stratford-Upon-Avon, United Kingdom, CV37 9NL.