HOLDING GEM LIMITED - Filleted accounts

Registered number

10299699

HOLDING GEM LIMITED

Filleted Accounts

31 December 2024

HOLDING GEM LIMITED
Registered number:		10299699
Balance Sheet
as at 31 December 2024

Notes			2024			2023
€				€
Fixed assets
Investments	3		2,165,000			2,165,000

Current assets
Cash at bank and in hand		1,764			2,062

Creditors: amounts falling due within one year	4	(129,391)			(129,391)

Net current liabilities			(127,627)			(127,329)

Net assets			2,037,373			2,037,671

Capital and reserves
Called up share capital			90,322			90,322
Share premium			1,669,679			1,669,679
Profit and loss account			277,372			277,670

Shareholders' funds			2,037,373			2,037,671

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Walter De Poli
Director
Approved by the board on 9 December 2025

HOLDING GEM LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			0		0


3	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
€			€		€
	Cost
	At 1 January 2024	2,100,000		65,000		2,165,000

	At 31 December 2024	2,100,000		65,000		2,165,000


4	Creditors: amounts falling due within one year			2024		2023
€					€

	Trade creditors			2,851		2,851
	Other creditors			126,540		126,540
				129,391		129,391


5	Other information

	HOLDING GEM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	5th Floor North Side
	7-10 Chandos Street
	London
	W1G 9DQ