GTS Holdings Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 05648063

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		408,116
Investments	5		1,273,643		927,914

			1,273,643		1,336,030
CURRENT ASSETS
Debtors	6	213,884		177,451
Cash at bank and in hand		33,968		3,997

		247,852		181,448
Creditors: Amounts Falling Due Within One Year	7	(1,267,325 )		(1,271,594 )

NET CURRENT ASSETS (LIABILITIES)			(1,019,473 )		(1,090,146 )

TOTAL ASSETS LESS CURRENT LIABILITIES			254,170		245,884

NET ASSETS			254,170		245,884

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			254,070		245,784

SHAREHOLDERS' FUNDS			254,170		245,884

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GTS Holdings Limited

Balance Sheet (continued)

As At 31 December 2024

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 member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Peter Davies

Director

30th September 2025

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2023	100	267,776	267,876
Loss for the year and total comprehensive income	-	(19,992 )	(19,992)

Dividends paid	-	(2,000)	(2,000)

As at 31 December 2023 and 1 January 2024	100	245,784	245,884


Profit for the year and total comprehensive income	-	10,286	10,286

Dividends paid	-	(2,000)	(2,000)

As at 31 December 2024	100	254,070	254,170

1. General Information

GTS Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05648063 . The registered office is St. David's House, New Road, Newtown, Powys, Wales, SY16 1RB.

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.

2.2. 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.

2.3. 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:

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. 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.

...CONTINUED

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GTS Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 January 2024	408,116
Disposals	(408,116 )

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	408,116

5. Investments

	Other
	£
Cost
As at 1 January 2024	927,914
Additions	345,729

As at 31 December 2024	1,273,643

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

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GTS Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	1,273,643

As at 1 January 2024	927,914

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	18,000	-
Prepayments and accrued income	-	2,452
Amounts owed by group undertakings	195,884	174,999

	213,884	177,451

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	120	-
Corporation tax	3,251	8,885
Accruals and deferred income	960	53,700
Director's loan account	1,262,994	1,209,009

	1,267,325	1,271,594

8. Share Capital

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

9. Related Party Transactions

St David's Business Centre Ltd

A company in which Mr Peter Davies is director.

At the year end, GTS Holdings Ltd was owed £17,434 by St David's Business Centre Ltd (2023 - £Nil owed by).

Peartree Bridge Homes Ltd

A company in which Mr Peter Davies and Mrs Louise Davies are directors.

At the year end, GTS Holdings Ltd was owed £177,450.18 by Peartree Bridge Homes Ltd (2023 - £174,999 owed by).

GTS Tradeslink Limited

A company in which Mr Peter Davies is director.

At the year end, GTS Holdings Ltd was owed £1,000 by GTS Tradeslink Limited (2023 - £Nil owed by). Trade debtors included balances due from GTS Tradeslink Limited of £18,000 (2023: £Nil).

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