Ghyll Investor Relations Limited - Limited company accounts 25.1

REGISTERED NUMBER: 10596850 (England and Wales)

Ghyll Investor Relations Limited

Director's Report and

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Director's Report

2

Accountants' Report

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Financial Statements

7

Director:

C J Birch

Registered office:

85 Great Portland Street

London

W1W 7LT

Registered number:

10596850 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

Principal activity

The company's main business activity ceased in 2022. The management are exploring new business opportunities.

Director

C J Birch held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

C J Birch - Director

29 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ghyll Investor Relations Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Ghyll Investor Relations Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ghyll Investor Relations Limited and state those matters that we have agreed to state to the director of Ghyll Investor Relations Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ghyll Investor Relations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ghyll Investor Relations Limited. You consider that Ghyll Investor Relations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ghyll Investor Relations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

29 September 2025

Turnover

-

Administrative expenses

18,787

(346,821

)

Operating profit/(loss)

18,787

(346,821

)

Interest receivable and similar income

3,093

91

21,880

(346,730

)

Interest payable and similar expenses

4

-

(2,448

)

Profit/(loss) before taxation

5

21,880

(349,178

)

Tax on profit/(loss)

6

-

(15,932

)

Profit/(loss) for the financial year

21,880

(365,110

)

Other comprehensive income

-

Total comprehensive income for the year

21,880

(365,110

)

Current assets

Debtors

8

1,352,586

1,333,439

Cash at bank

212,500

228,786

1,565,086

1,562,225

Creditors

Amounts falling due within one year

9

13,950

32,969

Net current assets

1,551,136

1,529,256

Total assets less current liabilities

1,551,136

1,529,256

Capital and reserves

Called up share capital

11

101

Share premium

90,841

Retained earnings

1,460,194

1,438,314

Shareholders' funds

1,551,136

1,529,256

The company is entitled to exemption from audit under Section 477 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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

C J Birch - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

Balance at 1 January 2023

101

1,803,424

90,841

1,894,366

Total comprehensive income

-

(365,110

)

-

(365,110

)

Balance at 31 December 2023

101

1,438,314

90,841

1,529,256

Total comprehensive income

-

21,880

-

21,880

Balance at 31 December 2024

101

1,460,194

90,841

1,551,136

1.	Statutory information

Ghyll Investor Relations 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 preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Pound Sterling (GBP), the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The principal accounting policies adopted are set out below.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

•

the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative
information in respect of:

-

paragraphs 53(a), (h) and (j) of IFRS 16;

•

the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to
136 of IAS 1;

•

the requirements of

-

paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

-

paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

•

the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

•

the requirements of paragraph 74(b) of IAS 16;

Tangible fixed assets

Property, plant and equipment are initially measured at cost and subsequently measured at cost and subsequently measured at cost or valuation , net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings - 5 years straight line

IT equipment - 3 years straight line

Financial instruments

Fair value measurement

IFRS 13 establishes a single source of guidance for all fair value measurements. IFRS 13 does not change when an entity is required to use fair value, but rather provides guidance on how to measure fair value under IFRS when fair value is required or permitted. The company is exempt under FRS 101 from the disclosure requirements of IFRS 13. There was no impact on the company from the adoption of IFRS 13.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held on call with banks.

Financial assets

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

Loans and receivables

Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as loans and receivables. Loans and receivables are measured at amortize cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets

Financial assets, other than those at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial liabilities

The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities

Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases

Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

Going concern

The director intends to find an alternative income stream but to date it has not been established what this will be nor when income will start to be received by the company. The director has confirmed in writing that there is no intention to liquidate the company and that the intention is for alternative income streams to be established.

Where possible, measures have been implemented to reduce the operating cost base of the company until such time as alternative revenue streams are established and in doing so the director is of the opinion that the company has the resources to pay all liabilities as they fall due for a period of twelve months from the date of signing of these accounts and therefore consider the going concern basis for the preparation of these accounts to be appropriate.

3.	Employees and directors

2024

2023

Wages and salaries

-

Social security costs

-

2,018

Other pension costs

-

The average number of employees in the year was 1 (2023: 1)

4.

Interest payable and similar expenses

2024

2023

£

Leasing

-

2,448

5.	Profit/(loss) before taxation

The profit before taxation (2023 - loss before taxation) is stated after charging/(crediting):

2024

2023

£

Depreciation - owned assets

-

28,472

Depreciation - assets on hire purchase contracts or finance leases

-

50,055

Foreign exchange differences

(20,770

)

77,650

6.

Taxation

Analysis of tax expense

2024

2023

£

Current tax:

Tax

-

15,932

Total tax expense in statement of comprehensive income

-

15,932

7.	Tangible fixed assets

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

Cost

At 1 January 2024

398,526

236,079

12,230

646,835

Disposals

(398,526

)

(236,079

)

(12,230

)

(646,835

)

At 31 December 2024

-

Depreciation

At 1 January 2024

398,526

236,079

12,230

646,835

Eliminated on disposal

(398,526

)

(236,079

)

(12,230

)

(646,835

)

At 31 December 2024

-

Net book value

At 31 December 2024

-

At 31 December 2023

-

8.

Debtors: amounts falling due within one year

2024

2023

£

VAT

-

1,623

Prepayments and accrued income

1,352,586

1,331,816

1,352,586

1,333,439

9.

Creditors: amounts falling due within one year

2024

2023

£

Other creditors

-

12,249

Accruals and deferred income

13,950

20,720

13,950

32,969

10.

Leasing

Right-of-use assets

Tangible fixed assets

2024

2023

£

Cost

At 1 January 2024

398,526

Disposals

(398,526

)

-

398,526

Depreciation

At 1 January 2024

398,526

348,471

Charge for year

-

50,055

Eliminated on disposal

(398,526

)

-

398,526

Net book value

-

11.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

101

Ordinary shares

£1

101

12.	Ultimate controlling party

The ultimate controlling party is C J Birch, director.