REGISTERED NUMBER: 05245581 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

GEMINI COMMUNICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C N Barnett

D Labram

REGISTERED OFFICE:

Global House

60b Queen Street

Horsham

RH13 5AD

REGISTERED NUMBER:

05245581 (England and Wales)

AUDITORS:

Feist Hedgethorne Limited

Statutory Auditors

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

23,547

21,130

CURRENT ASSETS

Stocks

2,500

-

Debtors

5

1,020,106

411,284

Cash at bank and in hand

238,590

126,511

1,261,196

537,795

CREDITORS

Amounts falling due within one year

6

(801,904

)

(463,056

)

NET CURRENT ASSETS

459,292

74,739

TOTAL ASSETS LESS CURRENT LIABILITIES

482,839

95,869

CREDITORS

Amounts falling due after more than one year

7

(1,512

)

(11,672

)

NET ASSETS

481,327

84,197

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

481,227

84,097

SHAREHOLDERS' FUNDS

481,327

84,197

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 26 May 2026 and were signed on its behalf by:

C N Barnett - Director

1.	STATUTORY INFORMATION

Gemini Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest pound.

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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates and these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include the useful economic life of tangible fixed assets, the depreciation and amortisation of these assets, provisions, and the recoverability of debtors.

Key sources of estimation uncertainty:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are depreciated over the approved depreciation rates. The carrying amount of tangible fixed assets is £23,547 (2024: £21,130) as noted in note 6.

The current year tax provision of £125,227 (2024: £55,681) relates to management's assessment of the amount of tax payable on the profit for the year where the liabilities remain to be agreed with HMRC. Due to the uncertainty with such taxation items, there is a possibility that the final outcome may differ on conclusion of open tax matters at a future date.

No significant judgements have been made by management in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of telecommunications and related recurring services is recognised over the period in which the services are provided.

Revenue from installation, setup and other one-off service charges is recognised when the relevant service has been completed and the customer has obtained the benefit of that service, unless the charge forms part of a wider service arrangement, in which case it is recognised over the related contract period.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter. The effect of not providing for depreciation on short leasehold and improvements to property is not material to the financial statements.

Plant and Machinery

-

20% Reducing Balance

Motor Vehicles

-

20% Reducing Balance

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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 the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Financial instruments

Financial assets, 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 entity after deducting all of its financial liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2024

113,346

60,148

173,494

Additions

1,499

1,447

2,946

At 31 May 2025

114,845

61,595

176,440

DEPRECIATION

At 1 June 2024

105,104

47,260

152,364

Charge for year

152

377

529

At 31 May 2025

105,256

47,637

152,893

NET BOOK VALUE

At 31 May 2025

9,589

13,958

23,547

At 31 May 2024

8,242

12,888

21,130

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade debtors

297,751

167,695

Amounts owed by group undertakings

645,104

236,498

Other debtors

77,251

7,091

1,020,106

411,284

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

310,116

176,559

Amounts owed to group undertakings

92,501

60,418

Taxation and social security

329,438

158,907

Other creditors

59,201

56,524

801,904

463,056

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

(Unaudited)

£

£

Bank loans

1,512

11,672

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

(Unaudited)

£

£

Within one year

31,958

23,860

Between one and five years

36,037

34,685

67,995

58,545

The total fixed lease payments recognised as an expense is £45,152 (2024: £53,696).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Chris Morey (Senior Statutory Auditor)

for and on behalf of Feist Hedgethorne Limited

11.	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.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C N Barnett.

The company is a subsidiary undertaking of Global 4 Communications Limited, a company incorporated in England and Wales.

The smallest group into which the company is consolidated is that headed by Global 4 Communications Limited. Consolidated financial statements for this group are prepared by Global 4 Communications Limited and may be obtained from its registered office at Global House, 60b Queen Street, Horsham, England, RH13 5AD.

The ultimate parent undertaking is HML Ventures Limited, a company incorporated in England and Wales. This is the largest group into which the company is consolidated. Consolidated financial statements for the largest group are prepared by HML Ventures Limited and may be obtained from its registered office at Global House, 60b Queen Street, Horsham, England, RH13 5AD.

13.

CHARGES

Barclays Bank PLC has a fixed and floating charge over all property or undertakings of the company.

Tc Loans Limited has a fixed and floating charge which covers all the property or undertakings of the company.

14.	GROUP REORGANISATION

During the year, the company undertook a group reorganisation under which the trade, assets and liabilities of Gemini IT (UK) Limited and Gemini T.M.L Limited were transferred to Gemini Communications Limited with effect from 31 May 2025.

The transfer was accounted for as a hive-up within the group. Accordingly, the assets and liabilities transferred were recognised by Gemini Communications Limited at their carrying values as recorded in the books of Gemini IT (UK) Limited and Gemini T.M.L Limited immediately prior to the transfer.

Following the hive-up, the only remaining balance in Gemini IT (UK) Limited and Gemini T.M.L Limited was the intercompany balance with Gemini Communications Limited.