REGISTERED NUMBER: 13249508 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gem & Co Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Rees

E Nolan

E Swatton

SECRETARY:

D J Wright

REGISTERED OFFICE:

4th Floor, Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

REGISTERED NUMBER:

13249508 (England and Wales)

ACCOUNTANTS:

Freeman Carr

Chartered Certified Accountants

The Gatehouse

2 Devonhurst Place

Heathfield Terrace

Chiswick

London

W4 4JD

FIXED ASSETS

Tangible assets

4

124,976

27,409

CURRENT ASSETS

Debtors

5

356,637

228,821

Investments

6

143,752

140,645

Cash at bank and in hand

222,451

225,188

722,840

594,654

CREDITORS

Amounts falling due within one year

7

333,272

275,543

NET CURRENT ASSETS

389,568

319,111

TOTAL ASSETS LESS CURRENT LIABILITIES

514,544

346,520

CREDITORS

Amounts falling due after more than one year

8

(73,324

)

-

PROVISIONS FOR LIABILITIES

(19,770

)

(18,188

)

NET ASSETS

421,450

328,332

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

24,900

24,900

Retained earnings

396,450

303,332

421,450

328,332

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 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.

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 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 1 December 2025 and were signed on its behalf by:

G Rees - Director

1.	STATUTORY INFORMATION

Gem & Co Financial Services 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.

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.

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.

Plant & Machinery - 25% reducing balance

Fixtures & Fittings - 25% reducing balance

Computer Equipment - 25% reducing balance

Financial instruments

The company only enters into basic financial 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 and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of

each reporting period for objective evidence of impairment. If objective evidence of

impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet

when there is an enforceable right to set off the recognised amounts and there is an

intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Investments

Investments are initially recognised at their purchase cost and subsequently measured at their fair value using the quoted market price at the reporting date. All gains and losses arising on revaluation and disposals during the year are taken to the profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

3,735

10,080

37,983

51,798

Additions

-

128,640

10,587

139,227

At 31 March 2025

3,735

138,720

48,570

191,025

DEPRECIATION

At 1 April 2024

1,826

5,001

17,562

24,389

Charge for year

478

33,430

7,752

41,660

At 31 March 2025

2,304

38,431

25,314

66,049

NET BOOK VALUE

At 31 March 2025

1,431

100,289

23,256

124,976

At 31 March 2024

1,909

5,079

20,421

27,409

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

155,984

121,533

Amounts owed by group undertakings

37,966

72,223

Other debtors

51,430

35,065

245,380

228,821

Amounts falling due after more than one year:

Other debtors

111,257

-

Aggregate amounts

356,637

228,821

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

143,752

140,645

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

20,000

4,543

Trade creditors

82,430

81,306

Taxation and social security

207,197

189,694

Other creditors

23,645

-

333,272

275,543

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

71,667

-

Other creditors

1,657

-

73,324

-