GS2 Club Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09123708

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		659		479

			659		479
CURRENT ASSETS
Stocks	5	850		1,100
Debtors	6	216		852
Cash at bank and in hand		16,213		12,532

		17,279		14,484
Creditors: Amounts Falling Due Within One Year	7	(18,956 )		(15,224 )

NET CURRENT ASSETS (LIABILITIES)			(1,677 )		(740 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,018 )		(261 )

NET LIABILITIES			(1,018 )		(261 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(1,118 )		(361 )

SHAREHOLDERS' FUNDS			(1,018)		(261)

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GS2 Club Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 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 directors acknowledge their 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.

On behalf of the board

N P Beesley Director	R E Sullivan Director
30 April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GS2 Club Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09123708 . The registered office is 45 City Road, Chester, CH1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. As the directors will continue to make funds available to the company in future, they believe that the going concern basis is appropriate for these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Plant & Machinery

25% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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GS2 Club Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

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 year 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.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company makes contributions into employees' defined pension contribution schemes. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 December 2024	1,547
Additions	460

As at 30 November 2025	2,007

Depreciation
As at 1 December 2024	1,068
Provided during the period	280

As at 30 November 2025	1,348

Net Book Value
As at 30 November 2025	659

As at 1 December 2024	479

5. Stocks

	2025	2024
	£	£
Materials	850	1,100

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GS2 Club Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	216	532
Other debtors	-	320

	216	852

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,194	1,788
Taxation and social security	16,762	13,436

	18,956	15,224

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

The directors have made an interest free loan available to the company of £75 (2024 - £151 paid to the company) which is repayable on demand.

10. Illegal dividends

During the year dividends have been paid in excess of distributable reserves, contrary to the Companies Act 2006. Any reserves paid out may become repayable by the shareholders at a later date.

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