Company Registration No. 05587641 (England and Wales)
GTI Investments Limited
Unaudited financial statements
for the year ended 31 December 2024
GTI Investments Limited
Unaudited financial statements
Contents
GTI Investments Limited
Company Information
for the year ended 31 December 2024
Company Number
05587641 (England and Wales)
Registered Office
38 Morland Road
Harrow
HA3 9LU
England
Accountants
PV Mehta & Co Ltd
38 Morland Road
Harrow
London
HA3 9LU
GTI Investments Limited
Statement of financial position
as at 31 December 2024
Creditors: amounts falling due within one year
(83,684)
(83,684)
Net current liabilities
(83,684)
(83,684)
Net liabilities
(11,909)
(11,909)
Called up share capital
1
1
Profit and loss account
(11,910)
(11,910)
Shareholders' funds
(11,909)
(11,909)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2025 and were signed on its behalf by
G. B. Tayoun
Director
Company Registration No. 05587641
GTI Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
GTI Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 05587641. The registered office is 38 Morland Road, Harrow, HA3 9LU, England.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A and Companies Act 2006, as applicable to companies subject to the small companies’ regime.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The validity of this assumption is on the basis of that the company will continue to be supported by the ultimate controlling party.
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.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and
settle the liability simultaneously.
Basic financial liabilities
Basic financial liabilities, including creditors and amounts due to fellow group undertakings 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.
Investments are held at cost less impairment.
GTI Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Investments
Subsidiary undertakings
Valuation at 1 January 2024
71,775
Valuation at 31 December 2024
71,775
Details of the company's subsidiaries at 31 December 2022 are as follows:
Name of undertaking................................Registered office......Class of shares...Shareholding
Europtima Europe Limited........................United Kindgom........Ordinary..............100%
Medical Facilities Projects AG..................Switzerland...............Ordinary..............100%
Medical Facilities Projects UK Limited......United Kingdom........Ordinary..............100%
5
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
83,068
83,068
6
Transactions with related parties
At the year end the company owed the following balances to companies held under common control:
- Medical Facilities Projects UK Limited - £67,422 (2023: £67,422).
- Europtima International Limited - £1,088 (2023: £1,088).
At the year end the company owed £14,558 (2023: £14,558) to Optimum Holdings Limited, a company registered in Lebanon and held under common control.
The ultimate controlling party is G.B. Tayoun.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).