GEINI Limited iXBRL

Company Registration Number: NI617153

GEINI Limited

Unaudited Financial Statements

for the financial year ended 31 May 2025

GEINI Limited

Directors and Other Information


Directors	Iain Lees
	Eleanor Lees (Appointed 5 February 2025)


Company Registration Number	NI617153


Registered Office	7 Glenmore Manor, Lisburn, County Antrim, BT27 4BZ
	Northern Ireland


Business Address	7 Glenmore Manor
	Lisburn
	County Antrim


Accountants	HCA Chartered Accountants Ltd
	Chartered Accountants
	12 Cromac Place
	Belfast
	Co. Antrim
	BT7 2JB
	Northern Ireland


Bankers	Bank of Ireland
	4-8 High Street
	Belfast
	BT1 2BA

GEINI Limited

Company Registration Number: NI617153

Statement of Financial Position

as at 31 May 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Financial assets

100

100

─────────

Current Assets

Debtors

243,366

206,866

Cash and cash equivalents

21,540

─────────

264,906

206,901

─────────

Creditors: amounts falling due within one year

(253,960)

(316,260)

─────────

Net Current Assets/(Liabilities)

10,946

(109,359)

─────────

Total Assets less Current Liabilities

11,046

(109,259)

Provisions for liabilities

115,914

145,991

─────────

Net Assets

126,960

36,732

═════════

Capital and Reserves

Called up share capital

1,000

1,000

Share premium account

149,500

149,500

Retained earnings

(23,540)

(113,768)

─────────

Equity attributable to owners of the company

126,960

36,732

═════════

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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 29 May 2026 and signed on its behalf by



________________________________
Iain Lees
Director

GEINI Limited

Notes to the Financial Statements

for the financial year ended 31 May 2025

General Information

GEINI Limited is a company limited by shares incorporated in Northern Ireland. 7 Glenmore Manor, Lisburn, County Antrim, BT27 4BZ, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 May 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Turnover

Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.

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.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

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.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

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

Going concern

The Directors believe that it is appropriate to prepare the company's financial statements on a going concern basis as current and future sources of funding are expected to be more than adequate for the company's needs, until such time as cash inflows from profitable trading exceed outflows. The Directors consider that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, the Directors have paid particular attention to a period of not less than one year from the date of approval of the financial statements.

Employees

The average monthly number of employees, including directors, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

Directors

═════════

Financial fixed assets

Group and

Total

participating

interests/

joint ventures

Investments

Cost

At 31 May 2025

100

─────────

Net book value

At 31 May 2025

100

═════════

At 31 May 2024

100

═════════

The company has one wholly owned subsidiary, Cruckaclady Mountain Limited.

The group is exempt from preparing consolidated financial statements as it qualifies as a small group.

During the year AIB Group (UK) PLC held a fixed charge on the investments of GEINI Limited, being Cruckaclady Mountain Limited.

5.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Cruckaclady Mountain Limited

Northern Ireland

Generation of renewable energy

Ordinary shares

100%

In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.


6.	Debtors	2025	2024
		£	£

	Amounts owed by group undertakings	240,467	203,967
	Other debtors	1,760	1,760
	Taxation (Note 8)	1,139	1,139
		─────────	─────────
		243,366	206,866
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Other Loans	159,000	155,000
	Directors' current accounts	88,360	156,860
	Accruals	6,600	4,400
		─────────	─────────
		253,960	316,260
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Debtors:
	VAT	1,139	1,139
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Losses

Total

Total

2025

2024

At financial year start

(145,991)

(145,991)

(166,668)

Charged to profit and loss

30,077

30,077

20,677

─────────

At financial year end

(115,914)

(145,991)

═════════

A deferred tax asset has been recognised as the directors anticipate that the company will be able to utilise the losses in future periods. Deferred tax has been recognised at a rate of 25%.

10.

Reserves

Share Premium Reserve

The amount carried forward is the premium that arose from the issue of shares in 2013.

11.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 May 2025.

12.

Related party transactions

Transactions and balances with group company:

Cruckaclady Mountain Limited

The company's subsidiary, Cruckaclady Mountain Limited owed a balance of £240,467 to the company at the year end (2024: £203,967).

13.

Controlling interest

The controlling party of the company was the director, as he owned a majority of the share capital of the company.

14.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.