IRIS Accounts Production v25.2.0.378 SC622285 Board of Directors Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false Ordinary Shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC622285 2024-02-29 SC622285 2025-02-28 SC622285 2024-03-01 2025-02-28 SC622285 2023-02-28 SC622285 2023-03-01 2024-02-29 SC622285 2024-02-29 SC622285 ns15:Scotland 2024-03-01 2025-02-28 SC622285 ns14:PoundSterling 2024-03-01 2025-02-28 SC622285 ns10:Director1 2024-03-01 2025-02-28 SC622285 ns10:Director2 2024-03-01 2025-02-28 SC622285 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC622285 ns10:SmallEntities 2024-03-01 2025-02-28 SC622285 ns10:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC622285 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 SC622285 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC622285 ns10:AbridgedAccounts 2024-03-01 2025-02-28 SC622285 ns10:OrdinaryShareClass1 2024-03-01 2025-02-28 SC622285 ns10:CompanySecretary1 2024-03-01 2025-02-28 SC622285 ns10:RegisteredOffice 2024-03-01 2025-02-28 SC622285 ns5:CurrentFinancialInstruments 2025-02-28 SC622285 ns5:CurrentFinancialInstruments 2024-02-29 SC622285 ns5:ShareCapital 2025-02-28 SC622285 ns5:ShareCapital 2024-02-29 SC622285 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC622285 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 SC622285 ns5:ComputerEquipment 2024-03-01 2025-02-28 SC622285 ns5:BetweenOneFiveYears 2025-02-28 SC622285 ns5:BetweenOneFiveYears 2024-02-29 SC622285 ns10:OrdinaryShareClass1 2025-02-28

REGISTERED NUMBER: SC622285 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 28 February 2025 |

| for |

| GSAA Limited |

| GSAA Limited (Registered number: SC622285) |

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Certified Accountants' Report | 7 |

| GSAA Limited |

Company Information

for the Year Ended 28 February 2025

| DIRECTORS: | Mrs K Soumine George

| Dr G J Rappai

| SECRETARY: | Mrs K Soumine George

| REGISTERED OFFICE: | 1 Birkwood Place

| Newton Mearns

| United Kingdom

| GLASGOW

| G77 5FW

| REGISTERED NUMBER: | SC622285 (Scotland)

| ACCOUNTANTS: | T B Dunn & Co

| Ground Floor (part)

| 8000 Academy Business Park

| 51 Gower Street

| GLASGOW

| G51 1PR

| GSAA Limited (Registered number: SC622285) |

Abridged Balance Sheet

28 February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 668 |  | 556 |  |

CURRENT ASSETS

Cash at bank | 224,088 |  | 214,372 |  |

CREDITORS

Amounts falling due within one year | 26,374 |  | 55,641 |  |

NET CURRENT ASSETS | 197,714 |  | 158,731 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 198,382 |  | 159,287 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 100 |  | 100 |  |

Retained earnings | 198,282 |  | 159,187 |  |

SHAREHOLDERS' FUNDS | 198,382 |  | 159,287 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| GSAA Limited (Registered number: SC622285) |

Abridged Balance Sheet - continued

28 February 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

Dr G J Rappai - Director

Mrs K Soumine George - Director

| GSAA Limited (Registered number: SC622285) |

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| GSAA Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 33.33% on cost

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| GSAA Limited (Registered number: SC622285) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and cash equivalents

| Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than twenty four hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 March 2024 | 2,544 |  |

| Additions | 595 |  |

| At 28 February 2025 | 3,139 |  |

| DEPRECIATION

| At 1 March 2024 | 1,988 |  |

| Charge for year | 483 |  |

| At 28 February 2025 | 2,471 |  |

| NET BOOK VALUE

| At 28 February 2025 | 668 |  |

| At 29 February 2024 | 556 |  |

5. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Between one and five years | 34,332 |  | 6,295 |  |

| GSAA Limited (Registered number: SC622285) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary Shares | £1 | 100 |  | 100 |  |

Chartered Certified Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

GSAA Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GSAA Limited for the year ended 28 February 2025 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of GSAA Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GSAA Limited and state those matters that we have agreed to state to the Board of Directors of GSAA Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GSAA Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GSAA Limited. You consider that GSAA Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GSAA Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

T B Dunn & Co

Ground Floor (part)

8000 Academy Business Park

51 Gower Street

GLASGOW

G51 1PR

3 October 2025