Company Registration No. 12195646 (England and Wales)
Gerrard Capital Ltd
Unaudited accounts
for the year ended 31 December 2024
Gerrard Capital Ltd
Unaudited accounts
Contents
Gerrard Capital Ltd
Company Information
for the year ended 31 December 2024
Company Number
12195646 (England and Wales)
Registered Office
73 Cornhill
London
EC3V 3QQ
United Kingdom
Gerrard Capital Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
8,795
14,525
Debtors
3,738,352
3,677,683
Cash at bank and in hand
13,641
5,025
Creditors: amounts falling due within one year
(2,919,754)
(2,934,949)
Net current assets
832,239
747,759
Net assets
841,034
762,284
Called up share capital
100
100
Profit and loss account
840,934
762,184
Shareholders' funds
841,034
762,284
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 23 September 2025 and were signed on its behalf by
Daniel Gerrard
Director
Company Registration No. 12195646
Gerrard Capital Ltd
Notes to the Accounts
for the year ended 31 December 2024
Gerrard Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 12195646. The registered office is 73 Cornhill, London, EC3V 3QQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
The turnover in the financial statements relates to interest income received on the loans financed by the company.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% reducing balance
Computer equipment
20% straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Gerrard Capital Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
At 31 December 2024
31,361
At 31 December 2024
22,566
At 31 December 2023
14,525
Amounts falling due within one year
Accrued income and prepayments
108,531
110,683
Other debtors
3,629,821
3,567,000
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
25,357
71,878
Loans from directors
2,891,897
2,848,671
7
Transactions with related parties
Included in other creditors is an amount of £2,616,896 (2023: £2,573,669) due to the director. There are no terms as to interest or repayment in respect of this balance.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).