GSH Facilities Management Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

GSH Facilities Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02642291 . The registered office is 22 Penny Brookes Street, Stratford, London, E15 1GP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest £1.

2.2. Going Concern Disclosure

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company’s principal risks and uncertainties, the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20.0% Per Annum Straight Line Basis
Plant & Machinery	20.0% Per Annum Straight Line Basis
Fixtures & Fittings	33.3% Per Annum Straight Line Basis
Computer Equipment	33.3% Per Annum Straight Line Basis

The gain or loss arising on the disposal of an asset it determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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GSH Facilities Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.6. Stocks and Work in Progress

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of direct overheads. Work-in-progress is reflected in the accounts on a project by project basis by recording turnover and related costs as project activity progresses.

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments

Basic financial assets

Basic financial assets, which include trade, other receivables, loans to fellow group companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including trade and other payables that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contribution.

2.10. Cash & Cash Equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

2.11. Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 60 (2023: 60)

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GSH Facilities Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	-	2,770	6,204	38,196	47,170
Additions	46,249	-	-	9,552	55,801

As at 31 December 2024	46,249	2,770	6,204	47,748	102,971

Depreciation
As at 1 January 2024	-	693	3,470	21,370	25,533
Provided during the period	6,167	554	683	11,651	19,055

As at 31 December 2024	6,167	1,247	4,153	33,021	44,588

Net Book Value
As at 31 December 2024	40,082	1,523	2,051	14,727	58,383

As at 1 January 2024	-	2,077	2,734	16,826	21,637

5. Work In Progress

	2024	2023
	£	£
Work in progress	273,641	461,820

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	603,755	1,148,443
Other debtors	427,766	227,907
Amounts owed by group undertakings	346,306	244,723

	1,377,827	1,621,073

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GSH Facilities Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	884,868	1,106,972
Corporation tax	80,398	143,467
Other taxes and social security	87,113	105,153
VAT	199,318	181,215
Other creditors	-	205,867
Accruals and deferred income	593,038	435,251

	1,844,735	2,177,925

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Ultimate Controlling Party

The immediate parent undertaking is GSH Energy Management Limited, a company incorporated and

registered in Jersey, Channel Isles.

The ultimate parent undertaking and controlling party is George Scarr Hall Investments Limited, a company incorporated and registered in the Jersey, Channel Isles. The registered office is 6th Floor, 25 Farringdon Street, London, EC4A 4AB.

The ultimate controlling party is considered to be the Scarr Hall family by virtue of majority shareholding in the ultimate parent company.

GSH Facilities Management Limited is a whole owned subsidiary of George Scarr Hall Investments Limited and the results of GSH Facilities Management Limited are included in the consolidated financial statements of George Scarr Hall Investments Limited which are available from 4 Gatehall Drive, 2nd Floor, Parsippany, New Jersey 07054, USA

10.

Operating lease commitments

Leases

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

31 December 2024 31 December 2023

Within one year 208,600 216,934

Between two and five years 255,567 320,906

Greater than 5 years 162,363 -

________ _______

626,530 537,840

________ _______

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GSH Facilities Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Audit Information

The auditor's report on the accounts of GSH Facilities Management Ltd for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Robert Dowling FCA (Senior Statutory Auditor) for and on behalf of Sumer Auditco Ltd , Statutory Auditor.

Sumer Auditco Ltd

Chartered Accountants, Statutory Auditors

5 Peveril Court, 6-8 London Road

Crawley

West Sussex

RH10 8JE

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		58,383		21,637

			58,383		21,637
CURRENT ASSETS
Work In Progress	5	273,641		461,820
Debtors	6	1,377,827		1,621,073
Cash at bank and in hand		1,676,329		1,470,581

		3,327,797		3,553,474
Creditors: Amounts Falling Due Within One Year	7	(1,844,735 )		(2,177,925 )

NET CURRENT ASSETS (LIABILITIES)			1,483,062		1,375,549

TOTAL ASSETS LESS CURRENT LIABILITIES			1,541,445		1,397,186

NET ASSETS			1,541,445		1,397,186

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			1,541,345		1,397,086

SHAREHOLDERS' FUNDS			1,541,445		1,397,186

Guy Busfield Director	Mark Pawson Director
4 September 2025