GN TELECOM LIMITED

GN TELECOM LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Investments	3	637,684	637,684
		637,684	637,684
Current assets
Debtors: amounts falling due within one year	4	3,865	14,078
Debtors: amounts falling due after one year	5	102,895	105,175
Cash at bank and in hand		23,148	28,188
		129,908	147,441
Creditors: amount falling due within one year	6	(358,857)	(384,315)
Net current assets		(228,949)	(236,874)

Total assets less current liabilities		408,735	400,810
Creditors: amount falling due after more than one year	7	(363,263)	(371,310)
Net assets		45,472	29,500

Capital and reserves
Called up share capital	8	2	2
Profit and loss account		45,470	29,498
Shareholders' funds		45,472	29,500

For the year ended 31 March 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 accounts for the year in question 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 accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 05 June 2026 and were signed on its behalf by:

-------------------------------
Christine Margherita Richardson
Director

GN TELECOM LIMITED
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

GN TELECOM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08452426, registration address The Retreat, 406 Roding Lane South, Woodford Green, Essex, IG8 8EY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Investments

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Marketspace Solutions OÜ
Country: Estonia
Nature of business: Other Services
%
Class of shares: holding
Ordinary 24.99%

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

2.	Average number of employees, including directors Average number of employees during the year was 2 (2024 : 2).

Investments

Cost	Investments in participating interests	Total
	£	£
At 01 April 2024	-	-
Additions	637,684	637,684
Disposals	-	-
At 31 March 2025	637,684	637,684

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	3,865	12,826
Prepayments & Accrued Income	0	1,252
	3,865	14,078

Debtors: amounts falling due after one year

	2025 £		2024 £
Other Debtors	102,895		105,175
	102,895		105,175

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	36,184	22,445
Prepayments from Customers	259,812	293,450
Corporation Tax	20,681	30,858
PAYE & Social Security	11,462	4,520
Other Creditors	(1)	0
Pension Contributions Control Account	651	77
Directors' Current Accounts	30,068	32,965
	358,857	384,315

Creditors: amount falling due after more than one year

	2025 £		2024 £
Other Creditors	363,263		371,310
	363,263		371,310

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
2 Class A shares of £1.00 each	2		2
	2		2

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2025 £		2024 £		2025 £		2024 £
GEM4ME HOLDINGS LTD	0		0		(49,356)		(50,500)

Registered Number: 08452426
England and Wales
GN TELECOM LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025