REGISTERED NUMBER: 10049402 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Gemzo Holdings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountant's Report

8

DIRECTOR:

Miss R L Henry

REGISTERED OFFICE:

Laity Farm

Laity Moor

Ponsanooth

TRURO

Cornwall

TR3 7HR

REGISTERED NUMBER:

10049402 (England and Wales)

ACCOUNTANT:

Martin Laity Accounting & Tax Practitioner

Kelyn

Old Hill

Helston

Cornwall

TR13 8HT

FIXED ASSETS

Tangible assets

4

225

281

Investment property

5

746,511

714,290

746,736

714,571

CURRENT ASSETS

Debtors

6

2,413

12,415

Prepayments and accrued income

383

305

Cash at bank and in hand

55,798

4,353

58,594

17,073

CREDITORS

Amounts falling due within one year

7

401,852

396,633

NET CURRENT LIABILITIES

(343,258

)

(379,560

)

TOTAL ASSETS LESS CURRENT LIABILITIES

403,478

335,011

PROVISIONS FOR LIABILITIES

43

53

NET ASSETS

403,435

334,958

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

8

403,235

334,758

403,435

334,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The 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.

The financial statements were approved by the director and authorised for issue on 7 November 2025 and were signed by:

Miss R L Henry - Director

1.	STATUTORY INFORMATION

Gemzo Holdings Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income derived from investment properties. Rentals are recognised on a receivable basis, net of any rent arrears in the period.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are properties held to earn rental and / or for capital appreciation. Investment properties are initially measured at cost, including transaction costs such as Stamp Duty Land Tax and legal fees. Subsequently, investment properties whose fair value can be measured reliably on an on-going basis are measured at their fair value. Gains or losses arising from changes in fair value of the investment properties are included in the Income Statement for the period in which they arise.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

1,216

DEPRECIATION

At 1 April 2024

935

Charge for year

56

At 31 March 2025

991

NET BOOK VALUE

At 31 March 2025

225

At 31 March 2024

281

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

714,290

Additions

3,643

Revaluations

28,578

At 31 March 2025

746,511

NET BOOK VALUE

At 31 March 2025

746,511

At 31 March 2024

714,290

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

19,250

Valuation in 2020

40,114

Valuation in 2021

19,000

Valuation in 2022

55,000

Valuation in 2024

51,947

Valuation in 2025

28,578

Cost

532,622

746,511

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

532,622

528,979

Investment properties were valued on an fair value basis on 31 March 2025 by Miss R L Henry .

The Director has assessed the fair value of the properties based on knowledge of the area and local market. At the year end date it has been concluded that there was a material change in the fair value of the properties compared to their carrying values or original cost. This assessment was conducted by reference to online market price estimations.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,200

11,014

Other debtors

1,213

1,401

2,413

12,415

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

9,370

5,794

Other creditors

392,482

390,839

401,852

396,633

The Directors Loan Account balance of £389,092 included in other creditors is interest free and repayable upon demand.

8.

RESERVES

Included with Retained Earnings Reserves is the amount of £213,889 in respect of non-distributable reserves arsing on revaluation gains for Investment Properties.

The revaluation gains occurring in the year have been reflected in the Income Statement.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There were no advances, credit facilities or guarantees in favour of the Director during the period.

10.	RELATED PARTY DISCLOSURES

At the period end the company owed the Director £389,092, being the balance on the Director's Loan Account, disclosed in other creditors.

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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, I have prepared for your approval the financial statements of Gemzo Holdings Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given me.

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

This report is made solely to the director of Gemzo Holdings Limited in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Gemzo Holdings Limited and state those matters that I have agreed to state to the director of Gemzo Holdings Limited 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, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report.

It is your duty to ensure that Gemzo Holdings 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 Gemzo Holdings Limited. You consider that Gemzo Holdings Limited is exempt from the statutory audit requirement for the year.

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

Martin Laity Accounting & Tax Practitioner

Kelyn

Old Hill

Helston

Cornwall

TR13 8HT

7 November 2025