Registration number: 15367006

GNEI SPV Limited

Profit and Loss Account for the Period from 21 December 2023 to 31 December 2024

The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

GNEI SPV Limited

(Registration number: 15367006)
Balance Sheet as at 31 December 2024

	Note	2024 £
Fixed assets
Other financial assets	3	655,068
Creditors: Amounts falling due after more than one year		(654,413)
Net assets		655
Capital and reserves
Called up share capital	4	655
Shareholders' funds		655

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 24 September 2025 and signed on its behalf by:
 

......................................... Francois Louis Emillo Lazzari Director

GNEI SPV Limited

Notes to the Unaudited Financial Statements for the Period from 21 December 2023 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/O Forvis Mazars Llp
The Pinnacle
160 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1FF


The company was incorporated to consolidate shares held by the minority shareholders of GN Teq Limited:
 

These financial statements were authorised for issue by the Board on 24 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

GNEI SPV Limited

Notes to the Unaudited Financial Statements for the Period from 21 December 2023 to 31 December 2024

3	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	655,068	655,068
At 31 December 2024	655,068	655,068
Impairment
Carrying amount
At 31 December 2024	655,068	655,068

The Company holds 65,506,782 ordinary shares of £0.01 each in GN Teq Limited, a company incorporated in the United Kingdom.

4	Share capital

Allotted, called up and fully paid shares

	2024
	No.	£
Ordinary of £0.01 each	65,507	655

5	Loans and borrowings

Non-current loans and borrowings

	2024 £
Shareholders' loans	654,413