Company registration number 13367499 (England and Wales)
GASBI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
GASBI LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GASBI LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
362,235
677,798
Current assets
Debtors
5
34,211
25,523
Cash at bank and in hand
380,673
20,351
414,884
45,874
Creditors: amounts falling due within one year
6
(666,028)
(657,400)
Net current liabilities
(251,144)
(611,526)
Total assets less current liabilities
111,091
66,272
Provisions for liabilities
(5,100)
(4,000)
Net assets
105,991
62,272
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
105,891
62,172
Total equity
105,991
62,272

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 October 2025 and are signed on its behalf by:
Mr A G Weston
Director
Company registration number 13367499 (England and Wales)
GASBI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 2 -
1
Accounting policies
Company information

GASBI Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old House, Middleton, Quernhow, Ripon, HG4 5HX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year-end, the company had net current liabilities of £251,144 (202 4: £611,526). Having carried out a detailed review of the company’s resources and financial position, the directors are confident that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements. The directors therefore believe it is appropriate for the financial statements to be prepared on a going concern basis.

1.3
Income from fixed asset investments

Dividends are accounted for in accordance with FRS102 section 1A and this included net, without any applicable tax credit.

Income from fixed interest securities, government stocks and other interest receivable are included on an accruals basis.

1.4
Fixed asset investments

Listed investments are measured at fair value with changes in fair value being recognised in the statement of comprehensive income.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

GASBI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
4
Fixed asset investments
2025
2024
£
£
Listed Investments
362,235
677,798
GASBI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Listed investments
£
Cost or valuation
At 6 April 2024
677,798
Additions
2,983,607
Revaluations
(88,575)
Disposals
(3,210,595)
At 5 April 2025
362,235
Carrying amount
At 5 April 2025
362,235
At 5 April 2024
677,798

Listed investments are shown at fair value, the cost of these investments at 5th April 2025 was £363,095 (2024 - £590,083).

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
34,211
25,523
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
8,488
-
0
Other creditors
657,540
657,400
666,028
657,400
7
Reserves

Profit and loss account – this reserve records retained earnings and accumulated losses, and the accumulated unrealised fair value movements relating to the fixed asset investments.

2025-04-05 2024-04-06 false false false 29 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs A J Weston Mr P D Weston Mr A G Weston 13367499 2024-04-06 2025-04-05 13367499 2025-04-05 13367499 2024-04-05 13367499 core:WithinOneYear 2025-04-05 13367499 core:WithinOneYear 2024-04-05 13367499 core:CurrentFinancialInstruments 2025-04-05 13367499 core:CurrentFinancialInstruments 2024-04-05 13367499 core:ShareCapital 2025-04-05 13367499 core:ShareCapital 2024-04-05 13367499 core:RetainedEarningsAccumulatedLosses 2025-04-05 13367499 core:RetainedEarningsAccumulatedLosses 2024-04-05 13367499 bus:Director3 2024-04-06 2025-04-05 13367499 2023-04-06 2024-04-05 13367499 core:Non-currentFinancialInstruments 2024-04-05 13367499 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-05 13367499 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-05 13367499 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 13367499 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 13367499 bus:FRS102 2024-04-06 2025-04-05 13367499 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 13367499 bus:Director1 2024-04-06 2025-04-05 13367499 bus:Director2 2024-04-06 2025-04-05 13367499 bus:FullAccounts 2024-04-06 2025-04-05 xbrli:pure xbrli:shares iso4217:GBP