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Company registration number:
07201361
GB Finance And Investment Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
GB Finance And Investment Limited
Statement of Financial Position
31 December 2024

|  | 2024 | 2023
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 5 | 6,000 |  | 12,000 |
Tangible assets | 6 | 248 |  | 320 |
|  | 6,248 |  | 12,320 |
Current assets |  |  |  |  |
Debtors | 7 | 70,122 |  | 111,703 |
Cash at bank and in hand |  | 19,426 |  | 19,383 |
|  | 89,548 |  | 131,086 |
Creditors: amounts falling due within one year | 8 | (25,266 | ) | (62,664 | )
Net current assets |  | 64,282 |  | 68,422 |
Total assets less current liabilities |  | 70,530 |  | 80,742 |
Provisions for liabilities |  | (48 | ) | (61 | )
Net assets |  | 70,482 |  | 80,681 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 4 |  | 4 |
Profit and loss account |  | 70,478 |  | 80,677 |
Shareholders funds |  | 70,482 |  | 80,681 |

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.
Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
30 September 2025
, and are signed on behalf of the board by:

Mrs Emily Florence Elizabeth Howard
Director

Company registration number:
07201361
GB Finance And Investment Limited
Notes to the Financial Statements
Year ended
31 December 2024

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
30 Rowley Way
,
Knutsford
,
Cheshire East
,
WA16 9AU
, England.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Going concern

The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

## Judgements and key sources of estimation uncertainty

Provision for doubtful debts - the provision for doubtful debts is updated at the end of each year based on the information available to the director at time and takes into consideration the age of the debt and the circumstances of the customer.

## 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 interest earned on lending agreements. Interest is only recognised as revenue to the point at which the debt is considered recoverable. Interest is charged to the profit and loss account straight line over the life of the lending agreement.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

## Tangible assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment | 25% reducing balance

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## 4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

## 5 Intangible assets

| Goodwill
--- | ---
| £
Cost |  |
At 1 January 2024 and 31 December 2024 | 60,000 |
Amortisation |  |
At 1 January 2024 | 48,000 |
Charge | 6,000 |
At 31 December 2024 | 54,000 |
Carrying amount |  |
At 31 December 2024 | 6,000 |
At 31 December 2023 | 12,000 |

Goodwill is provided within the financial statements for the purchase of Ron and Janet Auto Finance LLP based on a 10 year amortisation period.

## 6 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 January 2024 and 31 December 2024 | 4,139 |
Depreciation |  |
At 1 January 2024 | 3,819 |
Charge | 72 |
At 31 December 2024 | 3,891 |
Carrying amount |  |
At 31 December 2024 | 248 |
At 31 December 2023 | 320 |

## 7 Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 70,118 |  | 111,345 |
Other debtors | 4 |  | 358 |
| 70,122 |  | 111,703 |

The debtors above include the following amounts falling due after more than one year:

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 66,127 |  | 71,798 |

## 8 Creditors: amounts falling due within one year

| 2024 | 2023
--- | --- | ---
| £ | £
Other creditors | 25,266 |  | 62,664 |

## 9 Director's advances, credit and guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.