REGISTERED NUMBER: 04176353 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GERONA LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A E Brinner

SECRETARY:

Y Lock

REGISTERED OFFICE:

115 Craven Park Road

London

N15 6BL

REGISTERED NUMBER:

04176353 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

1,485

1,939

Investment property

5

1,182,190

1,182,190

1,183,675

1,184,129

CURRENT ASSETS

Debtors

6

764,438

767,703

Cash at bank and in hand

3,368

8,261

767,806

775,964

CREDITORS

Amounts falling due within one year

7

(433,576

)

(411,966

)

NET CURRENT ASSETS

334,230

363,998

TOTAL ASSETS LESS CURRENT LIABILITIES

1,517,905

1,548,127

CREDITORS

Amounts falling due after more than one year

8

(703,767

)

(708,919

)

PROVISIONS FOR LIABILITIES

(81,846

)

(81,846

)

NET ASSETS

732,292

757,362

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

11

600,770

600,770

Retained earnings

11

131,520

156,590

SHAREHOLDERS' FUNDS

732,292

757,362

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

A E Brinner - Director

1.	STATUTORY INFORMATION

Gerona 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property depreciation

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

20,568

4,650

25,218

DEPRECIATION

At 1 April 2024

19,534

3,745

23,279

Charge for year

155

299

454

At 31 March 2025

19,689

4,044

23,733

NET BOOK VALUE

At 31 March 2025

879

606

1,485

At 31 March 2024

1,034

905

1,939

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,182,190

NET BOOK VALUE

At 31 March 2025

1,182,190

At 31 March 2024

1,182,190

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

430,770

Valuation in 2021

170,000

Cost

581,420

1,182,190

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

19,561

13,749

Other debtors

744,877

753,954

764,438

767,703

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

22,807

22,474

Taxation and social security

9,003

8,966

Other creditors

401,766

380,526

433,576

411,966

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

677,151

677,151

Other creditors

26,616

31,768

703,767

708,919

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

677,151

677,151

Other loans more 5yrs instal

26,616

31,768

703,767

708,919

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

677,151

677,151

Other loans more 5yrs instal

26,616

31,768

703,767

708,919

Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

156,590

600,770

757,360

Deficit for the year

(25,070

)

(25,070

)

At 31 March 2025

131,520

600,770

732,290

12.	ULTIMATE CONTROLLING PARTY

The controlling party is A E Brinner.