REGISTERED NUMBER: SC496638 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

GMFB LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I G Black

REGISTERED OFFICE:

Suite 4.5, Turnberry House

50 Wellington Street

Glasgow

G2 2LB

REGISTERED NUMBER:

SC496638 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Intangible assets

4

66,486

82,702

Tangible assets

5

2,060

2,640

Investments

6

2,000

2,000

70,546

87,342

CURRENT ASSETS

Debtors

138,616

184,006

Cash at bank

527,069

276,541

665,685

460,547

CREDITORS

Amounts falling due within one year

84,156

80,043

NET CURRENT ASSETS

581,529

380,504

TOTAL ASSETS LESS CURRENT LIABILITIES

652,075

467,846

CREDITORS

Amounts falling due after more than one year

-

(5,587

)

PROVISIONS FOR LIABILITIES

(491

)

(631

)

NET ASSETS

651,584

461,628

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

651,583

461,627

SHAREHOLDERS' FUNDS

651,584

461,628

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 December 2025 and were signed by:

I G Black - Director

1.	STATUTORY INFORMATION

GMFB Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

162,161

AMORTISATION

At 1 April 2024

79,459

Amortisation for year

16,216

At 31 March 2025

95,675

NET BOOK VALUE

At 31 March 2025

66,486

At 31 March 2024

82,702

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

6,496

DEPRECIATION

At 1 April 2024

3,856

Charge for year

580

At 31 March 2025

4,436

NET BOOK VALUE

At 31 March 2025

2,060

At 31 March 2024

2,640

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

2,000

NET BOOK VALUE

At 31 March 2025

2,000

At 31 March 2024

2,000

The above represents a 50% shareholding in Cairn Financial Management Limited a company registered in Scotland.

7.	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:

31.3.25

31.3.24

£

£

I G Black

Balance outstanding at start of year

153,554

2,312

Amounts advanced

113,848

180,206

Amounts repaid

(157,827

)

(28,964

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

109,575

153,554