REGISTERED NUMBER: 05017873 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Genre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P W Drew

Mrs J E Drew

SECRETARY:

Mrs J E Drew

REGISTERED OFFICE:

Suite 1 & 2

Marshall Business Centre

Faraday Road

Hereford

HR4 9NS

REGISTERED NUMBER:

05017873 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

10,994

13,632

Investment property

5

539,709

539,709

550,703

553,341

CURRENT ASSETS

Cash at bank

19,062

14,953

CREDITORS

Amounts falling due within one year

6

354,725

359,337

NET CURRENT LIABILITIES

(335,663

)

(344,384

)

TOTAL ASSETS LESS CURRENT LIABILITIES

215,040

208,957

PROVISIONS FOR LIABILITIES

2,089

2,373

NET ASSETS

212,951

206,584

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

212,949

206,582

212,951

206,584

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 directors acknowledge their 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 Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

P W Drew - Director

1.	STATUTORY INFORMATION

Genre 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.	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.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Investment property

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 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

24,395

1,249

25,644

Additions

-

110

110

At 31 March 2025

24,395

1,359

25,754

DEPRECIATION

At 1 April 2024

11,905

107

12,012

Charge for year

2,498

250

2,748

At 31 March 2025

14,403

357

14,760

NET BOOK VALUE

At 31 March 2025

9,992

1,002

10,994

At 31 March 2024

12,490

1,142

13,632

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

539,709

NET BOOK VALUE

At 31 March 2025

539,709

At 31 March 2024

539,709

The properties that had previously been included in freehold property, have been reclassified as investment properties.

The investment properties were valued by the directors at cost, at 31st March 2025, which in the opinion of the directors, approximated to their fair value.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

29,479

33,665

Trade creditors

2,425

1,084

Taxation and social security

4,860

3,773

Other creditors

317,961

320,815

354,725

359,337