| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| FOR |
| G.E.M. GROUP LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| FOR |
| G.E.M. GROUP LIMITED |
| G.E.M. GROUP LIMITED (REGISTERED NUMBER: 02270315) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 May 2025 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| G.E.M. GROUP LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 May 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| PO Box 88 |
| The Parade |
| Leamington Spa |
| Warwickshire |
| CV32 4BU |
| G.E.M. GROUP LIMITED (REGISTERED NUMBER: 02270315) |
| ABRIDGED BALANCE SHEET |
| 31 May 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve | 7 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| G.E.M. GROUP LIMITED (REGISTERED NUMBER: 02270315) |
| ABRIDGED BALANCE SHEET - continued |
| 31 May 2025 |
| The financial statements were approved by the director and authorised for issue on |
| G.E.M. GROUP LIMITED (REGISTERED NUMBER: 02270315) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 May 2025 |
| 1. | STATUTORY INFORMATION |
| G.E.M. Group Limited is a |
| 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
| The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1. |
| Preparation of consolidated financial statements |
| The financial statements contain information about G.E.M. Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover comprises the value of sales (excluding value added tax, similar taxes) of services provided in the normal course of business. |
| Tangible fixed assets |
| Freehold land and buildings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| G.E.M. GROUP LIMITED (REGISTERED NUMBER: 02270315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST OR VALUATION |
| At 1 June 2024 |
| Revaluations |
| At 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| Included in cost or valuation of land and buildings is freehold land of £ 75,000 (2024 - £ 75,000 ) which is not depreciated. |
| Cost or valuation at 31 May 2025 is represented by: |
| Totals |
| £ |
| Valuation in 2013 | (114,494 | ) |
| Valuation in 2022 | 435,000 |
| Valuation in 2025 | 255,000 |
| Cost | 639,494 |
| 1,215,000 |
| If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 639,494 | 639,494 |
| Aggregate depreciation | 250,895 | 229,987 |
| Value of land in freehold land and buildings | 75,000 | 75,000 |
| Freehold land and buildings were valued on an open market basis on 18 March 2025 by Bromwich Hardy LLP . |
| G.E.M. GROUP LIMITED (REGISTERED NUMBER: 02270315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST |
| At 1 June 2024 |
| and 31 May 2025 | 35 |
| NET BOOK VALUE |
| At 31 May 2025 | 35 |
| At 31 May 2024 | 35 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 108 | 108 |
| 7. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 June 2024 |
| Transfer from revaluation |
| reserve to profit and loss |
| account | 255,000 |
| Deferred tax on revaluation |
| of property | (63,750 | ) |
| At 31 May 2025 |
| 8. | PENSION COMMITMENTS |
| The company operates a defined contribution pension scheme in respect of the directors. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £Nil (2023 - £14,500). |
| G.E.M. GROUP LIMITED (REGISTERED NUMBER: 02270315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2025 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 10. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 11. | POST BALANCE SHEET EVENTS |
| On 22 July 2025, the entire share capital of the company was acquired by Romatec Holdings Limited, a company incorporated in England and Wales. |