REGISTERED NUMBER: 11609031 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Genesis Steel (Holdings) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P M Daniels

SECRETARY:

P M Daniels

REGISTERED OFFICE:

Unit 6 Baxters Lane

St Helens

Merseyside

WA9 3NP

REGISTERED NUMBER:

11609031 (England and Wales)

ACCOUNTANTS:

Andrew S Parker

16 Foundry Close

Halton

Lancaster

Lancashire

LA2 6FE

FIXED ASSETS

Investments

5

1,302,090

1,302,090

CURRENT ASSETS

Debtors

6

1,766,940

768,000

Cash at bank

126,050

1,107,573

1,892,990

1,875,573

CREDITORS

Amounts falling due within one year

7

9,672

3,750

NET CURRENT ASSETS

1,883,318

1,871,823

TOTAL ASSETS LESS CURRENT LIABILITIES

3,185,408

3,173,913

CAPITAL AND RESERVES

Called up share capital

8

2,100

2,100

Share premium

9

124,700

124,700

Retained earnings

9

3,058,608

3,047,113

SHAREHOLDERS' FUNDS

3,185,408

3,173,913

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 his 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 director and authorised for issue on 14 November 2025 and were signed by:

P M Daniels - Director

1.	STATUTORY INFORMATION

Genesis Steel (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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention except that as

disclosed in the accounting policies certain items are shown at fair value.

GROUP ACCOUNTS NOT PREPARED

The company is part of a small group. The company has taken advantage of the exemption provided by

Section 399 of the Companies Act 2006 and has not prepared group accounts.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments in equity shares which are not publicly traded and where fair value cannot be measured

reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest

method. Dividends on equity securities are recognised in income when receivable.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the

ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at

amortised cost using the effective interest method, less provision for impairment. A provision for the

impairment of trade debtors is established when there is objective evidence that the company will not be

able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course

of business from suppliers. Accounts payable are classified as current liabilities if the company does not

have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at

least twelve months after the reporting date. If there is an unconditional right to defer settlement for at

least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised

cost using the effective interest method.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1,302,090

NET BOOK VALUE

At 31 March 2025

1,302,090

At 31 March 2024

1,302,090

Details of the investments (Including principle place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered Office

Holding

Proportion of voting rights

and shares held

Subsidiary

2025 2024

Genesis Steel Limited

Unit 6 Baxters Lane,

Ordinary

91% 91%

St Helens,

Merseyside, England,

WA9 3NP

Aviemore Gin Society

3 Robert Drive

Ordinary

100%

Limited

Glasgow

Scotland

G51 3HE

The principal activity of Genesis Steel Limited is the sourcing and supply of steel sheet and plate.

The principal activity of Aviemore Gin Society Limited is that of a property holding company.

Genesis Steel Limited was incorporated in England and Wales.

Aviemore Gin Society Limited was incorporated in Scotland.

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Other debtors

998,940

-

Amounts falling due after more than one year:

Other debtors

768,000

768,000

Aggregate amounts

1,766,940

768,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

3,000

-

Taxation and social security

3,124

202

Other creditors

3,548

3,548

9,672

3,750

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,800

A Ordinary

£1

1,800

1,800

300

C Ordinary

£1

300

300

2,100

2,100

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2024

3,047,113

124,700

3,171,813

Profit for the year

38,495

38,495

Dividends

(27,000

)

(27,000

)

At 31 March 2025

3,058,608

124,700

3,183,308

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Daniels.