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REGISTERED NUMBER: 05487354 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 30 June 2025

for

Gem Construct Limited

Gem Construct Limited (Registered number: 05487354)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Chartered Accountants' Report | 3 |

Income Statement | 4 |

Balance Sheet | 5 |

Notes to the Financial Statements | 6 |

Gem Construct Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTOR: | Mr G Georgiou

| SECRETARY: | Miss H L Short

| REGISTERED OFFICE: | 1 Mortimer Street

| Birkenhead

| Merseyside

| CH41 5EU

| REGISTERED NUMBER: | 05487354 (England and Wales)

| ACCOUNTANTS: | Lerman Quaile

| 1 Mortimer Street

| Birkenhead

| Merseyside

| CH41 5EU

Gem Construct Limited (Registered number: 05487354)

Report of the Director

for the Year Ended 30 June 2025

The director presents his report with the financial statements of the company for the year ended 30 June 2025.

DIRECTOR

Mr G Georgiou held office during the whole of the period from 1 July 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr G Georgiou - Director

9 March 2026

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Gem Construct Limited

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gem Construct Limited for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Gem Construct Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gem Construct Limited and state those matters that we have agreed to state to the director of Gem Construct Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gem Construct Limited and its director for our work or for this report.

It is your duty to ensure that Gem Construct Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gem Construct Limited. You consider that Gem Construct Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gem Construct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lerman Quaile

1 Mortimer Street

Birkenhead

Merseyside

CH41 5EU

9 March 2026

Gem Construct Limited (Registered number: 05487354)

Income Statement

for the Year Ended 30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

TURNOVER | 1,713,300 |  | 2,715,527 |  |

Cost of sales | 1,025,610 |  | 1,846,783 |  |

GROSS PROFIT | 687,690 |  | 868,744 |  |

Administrative expenses | 557,063 |  | 677,425 |  |

OPERATING PROFIT | 4 | 130,627 |  | 191,319 |  |

Interest receivable and similar income | 236 |  | 516 |  |

130,863 |  | 191,835 |  |

Interest payable and similar expenses | - |  | 2,206 |  |

PROFIT BEFORE TAXATION | 130,863 |  | 189,629 |  |

Tax on profit | 31,615 |  | (147,019 | ) |

PROFIT FOR THE FINANCIAL YEAR | 99,248 |  | 336,648 |  |

Gem Construct Limited (Registered number: 05487354)

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 4,392 |  | 4,342 |  |

CURRENT ASSETS

Stocks | 115,890 |  | 17,312 |  |

Debtors | 6 | 213,578 |  | 97,687 |  |

Cash at bank and in hand | 119,844 |  | 468,645 |  |

449,312 |  | 583,644 |  |

CREDITORS

Amounts falling due within one year | 7 | 248,159 |  | 267,689 |  |

NET CURRENT ASSETS | 201,153 |  | 315,955 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 205,545 |  | 320,297 |  |

CAPITAL AND RESERVES

Called up share capital | 1,002 |  | 1,002 |  |

Retained earnings | 204,543 |  | 319,295 |  |

SHAREHOLDERS' FUNDS | 205,545 |  | 320,297 |  |

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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 9 March 2026 and were signed by:

Mr G Georgiou - Director

Gem Construct Limited (Registered number: 05487354)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Gem Construct 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.

| Plant and machinery etc | - | 25% on reducing balance and 25% on cost

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 16 ) .

Gem Construct Limited (Registered number: 05487354)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 30.6.25 |  | 30.6.24

£ | £ |

| Depreciation - owned assets | 2,028 |  | 1,956 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 27,545 |  | 32,175 |  | 59,720 |  |

| Additions | - |  | 2,078 |  | 2,078 |  |

| At 30 June 2025 | 27,545 |  | 34,253 |  | 61,798 |  |

| DEPRECIATION

| At 1 July 2024 | 26,399 |  | 28,979 |  | 55,378 |  |

| Charge for year | 287 |  | 1,741 |  | 2,028 |  |

| At 30 June 2025 | 26,686 |  | 30,720 |  | 57,406 |  |

| NET BOOK VALUE

| At 30 June 2025 | 859 |  | 3,533 |  | 4,392 |  |

| At 30 June 2024 | 1,146 |  | 3,196 |  | 4,342 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 140,456 |  | 97,687 |  |

| Other debtors | 73,122 |  | - |  |

213,578 |  | 97,687 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade creditors | 139,753 |  | 107,002 |  |

| Taxation and social security | 64,000 |  | 99,389 |  |

| Other creditors | 44,406 |  | 61,298 |  |

248,159 |  | 267,689 |  |

8. | ULTIMATE CONTROLLING PARTY

| The company is controlled by the director, G Georgiou.