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Registered number: 07808101
GSL Partners Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Elzey Accountancy and Tax
ACCA
First Floor 2 Central Parade
101 Victoria Road
Horley
Surrey
RH6 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07808101
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 998 268
998 268
CURRENT ASSETS
Debtors 5 163,035 256,537
Cash at bank and in hand 197,737 247,608
360,772 504,145
Creditors: Amounts Falling Due Within One Year 6 (3,638 ) (3,899 )
NET CURRENT ASSETS (LIABILITIES) 357,134 500,246
TOTAL ASSETS LESS CURRENT LIABILITIES 358,132 500,514
PROVISIONS FOR LIABILITIES
Deferred Taxation (190 ) (51 )
NET ASSETS 357,942 500,463
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 357,742 500,263
SHAREHOLDERS' FUNDS 357,942 500,463
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 22 December 2025 and were signed on its behalf by:
Mr Alberto Giovino
Director
22/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GSL Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07808101 . The registered office is 80 Haywards Road, Haywards Heath, West Sussex, RH16 4JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold over 50 years
Leasehold over the lease term
Plant & Machinery over 5 years
Fixtures & Fittings over 5 years
2.3. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 14,050
Additions 996
As at 31 March 2025 15,046
Depreciation
As at 1 April 2024 13,782
Provided during the period 266
As at 31 March 2025 14,048
Net Book Value
As at 31 March 2025 998
As at 1 April 2024 268
5. Debtors
2025 2024
£ £
Due within one year
VAT 1,859 1,472
Director's loan account 9,844 102,546
Amounts owed by associates 151,332 152,519
163,035 256,537
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 492 253
Other taxes and social security 2,196 2,696
Accruals and deferred income 950 950
3,638 3,899
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
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