Company No: 10384968 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,934		49,143
Investments	4	2,078,520		2,815,642
		2,084,454		2,864,785
Current assets
Debtors	5	29,458,863		28,464,175
Cash at bank and in hand		507,263		397,464
		29,966,126		28,861,639
Creditors: amounts falling due within one year	6	( 2,969,261)		( 1,084,001)
Net current assets		26,996,865		27,777,638
Total assets less current liabilities		29,081,319		30,642,423
Creditors: amounts falling due after more than one year	7	( 491,224)		( 276,553)
Net assets		28,590,095		30,365,870
Capital and reserves
Called-up share capital	8	26,900,900		27,900,900
Profit and loss account		1,689,195		2,464,970
Total shareholders' funds		28,590,095		30,365,870

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Genus Capital Limited (registered number: 10384968) were approved and authorised for issue by the Board of Directors on 21 April 2026. They were signed on its behalf by:

Richard Mark Mathias Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Genus Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Brook House Manor Drive, Clyst St. Mary, Exeter, EX5 1GD, United Kingdom. The principal place of business is .

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	20 % reducing balance
Office equipment	20 % reducing balance
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Tangible assets

	Vehicles		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2025	73,869		8,959		16,804		99,632
Disposals	( 73,869)		0		0		( 73,869)
At 31 December 2025	0		8,959		16,804		25,763
Accumulated depreciation
At 01 January 2025	33,335		5,095		12,059		50,489
Charge for the financial year	0		773		1,902		2,675
Disposals	( 33,335)		0		0		( 33,335)
At 31 December 2025	0		5,868		13,961		19,829
Net book value
At 31 December 2025	0		3,091		2,843		5,934
At 31 December 2024	40,534		3,864		4,745		49,143

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	1,633,499
At 31 December 2025	1,633,499
Carrying value at 31 December 2025	1,633,499
Carrying value at 31 December 2024	1,633,499

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	1,182,143		1,182,143
Additions	27,137		27,137
Disposals	( 623,546)		( 623,546)
Movement in fair value	( 140,713)		( 140,713)
At 31 December 2025	445,021		445,021
Carrying value at 31 December 2025	445,021		445,021
Carrying value at 31 December 2024	1,182,143		1,182,143

5. Debtors

	2025		2024
	£		£
Amounts owed by Parent undertakings	113,121		103,365
Amounts owed by own subsidiaries	27,020,548		26,819,843
Amounts owed by directors	136,599		31,613
VAT recoverable	250		0
Other debtors	2,188,345		1,509,354
	29,458,863		28,464,175

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	7,348		240
Amounts owed to own subsidiaries	467,122		97,197
Amounts owed to directors	1,131,999		174,647
Other loans	712,213		167,924
Accruals	287,923		233,874
Taxation and social security	53,497		67,409
Obligations under finance leases and hire purchase contracts	0		33,534
Other creditors	309,159		309,176
	2,969,261		1,084,001

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other loans	491,224		276,553

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
900 Ordinary shares of £ 1.00 each	900		900
26,900,000 Preference redeemable shares of £ 1.00 each (2024: 27,900,000 shares of £ 1.00 each)	26,900,000		27,900,000
	26,900,900		27,900,900

9. Financial commitments

Other financial commitments

Genus Capital Limited has entered into financial guarantees and counter indemnities in respect of bank and performance bonds issued on behalf of the group undertakings, including joint arrangements and joint ventures, in the normal course of business.

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Amounts owed to group companies which are not wholly owned	101		101

Transactions with the entity's directors

During the year, two directors maintained a current account with the company. At the year end, the company owed the directors £1,131,999 (2024: £174,647). Interest has not been charged on the current account and it is repayable on demand.

During the year, a director maintained a current account with the company. Advances were made totaling £103,694. At the year end, the director owed the company £136,599 (2024: £31,613). Interest is charged on overdrawn balances at HMRC approved rates, totaling £1,292, and the current account is repayable on demand.

Other related party transactions

At the year-end, The Speakman Discretionary Trust was owed £307,766 by the company (2024: £307,766).

At the year-end, close family members of the directors were owed £1,205,946 by the company (2024: £444,477).