ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 14405119

GEMINI (YORK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 2 SEPTEMBER 2025

GEMINI (YORK) LIMITED

REGISTERED NUMBER: 14405119

STATEMENT OF FINANCIAL POSITION

AS AT 2 SEPTEMBER 2025

	2 September	31 March
	2025	2024
Note	£	£

Fixed assets
Intangible assets	4		-		-
Tangible assets	5		-		23,327
			-		23,327
Current assets
Stocks		-		90,625
Debtors: amounts falling due within one year	6	72,720		217,295
Cash at bank and in hand		7,640		14,822
		80,360		322,742
Creditors: amounts falling due within one year	7	(51,668)		(866,175)
Net current assets/(liabilities)			28,692		(543,433)

Net assets/(liabilities)			28,692		(520,106)

Capital and reserves
Called up share capital	10	10
Profit and loss account	28,682	(520,116)
	28,692	(520,106)

Page 1

GEMINI (YORK) LIMITED

REGISTERED NUMBER: 14405119

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 2 SEPTEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G Kane

Director

Date: 29 May 2026

The notes on pages 3 to 10 form part of these financial statements.

Page 2

GEMINI (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 2 SEPTEMBER 2025

1.	General information

Gemini (York) 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

GEMINI (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 2 SEPTEMBER 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

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.

2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the period of acquisition.

The company acquired the goodwill from a third party in November 2022, the directors deem the goodwill to have no long term value, therefore it has been amortised fully in the year of acquisition.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

GEMINI (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 2 SEPTEMBER 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles	-	10%	straight line
Fixtures and fittings	-	5%	straight line
Computer equipment	-	20%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 5

GEMINI (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 2 SEPTEMBER 2025

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the period was 3 (2024 - 17).

Page 6

GEMINI (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 2 SEPTEMBER 2025

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 April 2024	141,176
	At 2 September 2025	141,176
	Amortisation
	At 1 April 2024	141,176
	At 2 September 2025	141,176
	Net book value
	At 2 September 2025	-
	At 31 March 2024	-

Page 7

GEMINI (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 2 SEPTEMBER 2025

5.	Tangible fixed assets

	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£

At 1 April 2024	7,494	16,250	2,824	26,568
Disposals	(7,494)	(16,250)	(2,824)	(26,568)
At 2 September 2025	-	-	-	-

At 1 April 2024	300	2,302	639	3,241
Charge for the period on owned assets	406	1,738	612	2,756
Disposals	(706)	(4,040)	(1,251)	(5,997)
At 2 September 2025	-	-	-	-
Net book value
At 2 September 2025	-	-	-	-
At 31 March 2024	7,194	13,948	2,185	23,327

Debtors

					2 September	31 March
					2025	2024
					£	£


Trade debtors	12,949	47,436
Other debtors	16,864	43,081
Prepayments and accrued income	42,907	28,812
Deferred taxation	-	97,966
	72,720	217,295

Page 8

GEMINI (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 2 SEPTEMBER 2025

Trade creditors	45,157	369,148
Amounts owed to group undertakings	378	225,426
Social security and other taxes	-	29,175
VAT	-	54,530
Other creditors	-	22,385
Accruals and deferred income	6,133	165,511
	51,668	866,175

8.	Deferred taxation

		2025
		£

	At beginning of year	97,966
	Charged to profit or loss	(97,966)
	At end of year	-

Fixed asset timing differences	-	(5,832)
Losses and other deductions	-	103,798
	-	97,966

Allotted, called up and fully paid

1,000 (2024 - 1,000) Ordinary shares of £0.01 each	10	10

Page 9

GEMINI (YORK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 2 SEPTEMBER 2025

10.	Related party transactions
	During the period loans were advanced from Home Improvements Holdings Limited the parent company of Gemini (York) Limited. The loan is non interest bearing and repayable on demand. The balance owing to Home Improvements Holdings Limited was £378 (2024: £174,774) at the period end date.

11.	Controlling party

The ultimate parent company is Home Improvements Holdings Limited. The directors do not consider there to be an ultimate controlling party of Home Improvements Holdings Limited.

Page 10