Genetic Trait Ventures Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14645019

		28 February 2025		29 February 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		595,164		588,524

			595,164		588,524
CURRENT ASSETS
Debtors	5	654		76
Cash at bank and in hand		3,562		13,328

		4,216		13,404
Creditors: Amounts Falling Due Within One Year	6	(245,595 )		(252,010 )

NET CURRENT ASSETS (LIABILITIES)			(241,379 )		(238,606 )

TOTAL ASSETS LESS CURRENT LIABILITIES			353,785		349,918

Creditors: Amounts Falling Due After More Than One Year	7		(353,657 )		(354,618 )

NET ASSETS/(LIABILITIES)			128		(4,700 )

CAPITAL AND RESERVES
Called up share capital	8		2		1
Profit and Loss Account			126		(4,701 )

SHAREHOLDERS' FUNDS			128		(4,700)

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Genetic Trait Ventures Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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 Darriel Georges

Director

31st October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Genetic Trait Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14645019 . The registered office is 137 -139 High Street Centre Beckenham, London, London, England, BR3 1AG.

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. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. 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.

2.4. 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:

Freehold

No Depreciation

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Genetic Trait Ventures Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 March 2024	588,524
Additions	6,640

As at 28 February 2025	595,164

Net Book Value
As at 28 February 2025	595,164

As at 1 March 2024	588,524

5. Debtors

	28 February 2025	29 February 2024
	£	£
Due within one year
Other debtors	654	76

6. Creditors: Amounts Falling Due Within One Year

	28 February 2025	29 February 2024
	£	£
Trade creditors	1	-
Bank loans and overdrafts	20,390	20,390
Other creditors	225,204	231,620

	245,595	252,010

7. Creditors: Amounts Falling Due After More Than One Year

	28 February 2025	29 February 2024
	£	£
Bank loans > 1 year	353,657	354,618

8. Share Capital

	28 February 2025	29 February 2024
	£	£
Allotted, Called up and fully paid	2	1

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