REGISTERED NUMBER: 09462436 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

GFC Economics Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

3,124

-

Investments

5

999,987

1,125,694

1,003,111

1,125,694

CURRENT ASSETS

Debtors

6

74,720

51,517

Cash at bank

90,561

73,181

165,281

124,698

CREDITORS

Amounts falling due within one year

7

(162,873

)

(165,161

)

NET CURRENT ASSETS/(LIABILITIES)

2,408

(40,463

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,005,519

1,085,231

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

(50,013

)

75,694

Retained earnings

1,055,432

1,009,437

1,005,519

1,085,231

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

G P Turner - Director

1.	STATUTORY INFORMATION

GFC Economics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09462436

Registered office:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Fixed asset investments are stated at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in fair value reserves.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

1,695

Additions

3,310

At 31 March 2025

5,005

DEPRECIATION

At 1 April 2024

1,695

Charge for year

186

At 31 March 2025

1,881

NET BOOK VALUE

At 31 March 2025

3,124

At 31 March 2024

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

1,125,694

Impairments

(125,707

)

At 31 March 2025

999,987

NET BOOK VALUE

At 31 March 2025

999,987

At 31 March 2024

1,125,694

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2024

75,694

Valuation in 2025

(125,707

)

Cost

1,050,000

999,987

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

67,200

37,500

Other debtors

752

780

Directors' loan accounts

1,120

6,543

Prepayments and accrued income

5,648

6,694

74,720

51,517

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

3,000

Tax

47,491

13,152

VAT

19,346

23,215

Other creditors

1,447

21,239

Accruals and deferred income

94,589

104,555

162,873

165,161

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

75,694

Investment revaluation

(125,707

)

At 31 March 2025

(50,013

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2024

2024

£

£

Amount advanced

£38,558

£169,508

Amount repaid

(£43,980

)

(£166,010

)

The loan to the director is repayable on demand. Interest is charged on all loans at the official rate of interest set by HMRC.