REGISTERED NUMBER: 13886258 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

GSI CAPITAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Mitchell

Mrs J L Mitchell

M D Marais

REGISTERED OFFICE:

1 Churchill Court

Hortons Way

Westerham

Kent

TN16 1BT

REGISTERED NUMBER:

13886258 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Intangible assets

4

501,003

545,236

Investments

5

1,930,765

940,836

2,431,768

1,486,072

CURRENT ASSETS

Debtors

6

36,290

27,792

Cash at bank

247,561

687,106

283,851

714,898

CREDITORS

Amounts falling due within one year

7

(301,358

)

(344,754

)

NET CURRENT (LIABILITIES)/ASSETS

(17,507

)

370,144

TOTAL ASSETS LESS CURRENT LIABILITIES

2,414,261

1,856,216

CREDITORS

Amounts falling due after more than one year

8

(1,076,684

)

(915,375

)

NET ASSETS

1,337,577

940,841

CAPITAL AND RESERVES

Called up share capital

810,000

810,000

Retained earnings

527,577

130,841

1,337,577

940,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 27 November 2025 and were signed on its behalf by:

P Mitchell - Director

1.	STATUTORY INFORMATION

GSI Capital 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.

Preparation of consolidated financial statements

The financial statements contain information about GSI Capital 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiaries and associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss accout.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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 NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

573,516

Additions

14,576

At 30 June 2025

588,092

AMORTISATION

At 1 July 2024

28,280

Charge for year

58,809

At 30 June 2025

87,089

NET BOOK VALUE

At 30 June 2025

501,003

At 30 June 2024

545,236

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

940,836

Additions

989,929

At 30 June 2025

1,930,765

NET BOOK VALUE

At 30 June 2025

1,930,765

At 30 June 2024

940,836

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,908

5,908

Directors' current accounts

750

750

Prepayments

29,632

21,134

36,290

27,792

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

241,198

152,044

Trade creditors

1,220

13,303

Other creditors

56,000

177,307

Accrued expenses

2,940

2,100

301,358

344,754

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

241,198

152,044

Other loans more 5yrs instal

835,486

707,331

Other creditors

-

56,000

1,076,684

915,375

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

835,486

707,331

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

1,317,882

1,011,419

The loans are secured via a fixed and floating charge which covers all the property and undertaking of the company.