Company registration number 13705157 (England and Wales)
GT Green Technologies Ltd
Unaudited Financial Statements
For the year ended 31 October 2025
GT Green Technologies Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 10
GT Green Technologies Ltd
Statement Of Financial Position
As at 31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
19,931
34,424
Tangible assets
5
205,891
289,544
225,822
323,968
Current assets
Debtors
6
328,920
199,371
Cash at bank and in hand
291,774
56,890
620,694
256,261
Creditors: amounts falling due within one year
7
(593,627)
(918,643)
Net current assets/(liabilities)
27,067
(662,382)
Total assets less current liabilities
252,889
(338,414)
Creditors: amounts falling due after more than one year
8
(88,786)
(77,132)
Provisions for liabilities
(51,473)
(72,386)
Net assets/(liabilities)
112,630
(487,932)
Capital and reserves
Called up share capital
2
1
Other reserves
3,613,786
1,268,698
Profit and loss reserves
(3,501,158)
(1,756,631)
Total equity
112,630
(487,932)
GT Green Technologies Ltd
Statement Of Financial Position (continued)
As at 31 October 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements 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 financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 June 2026 and are signed on its behalf by:
Mr G F J Thompson
Director
Company registration number 13705157 (England and Wales)
GT Green Technologies Ltd
Notes to the financial statements
For the year ended 31 October 2025
- 3 -
1
Accounting policies
Company information

GT Green Technologies Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor Pacific Chambers, 11-13 Victoria Street, Liverpool, L2 5QQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue from sale of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

GT Green Technologies Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 4 -

Income from government grants

Government grants are recognised in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Section 24). Grants are recognised only when there is reasonable assurance that:

- the Company will comply with the conditions attaching to the grant; and

- the grant will be received.

Grant income is not recognised until these conditions are met. The Company adopts the accrual model for the recognition of government grants.

Revenue-Based Grants

Grants relating to revenue are recognised in profit or loss on a systematic basis over the periods in which the Company recognises the related costs that the grant is intended to compensate. Where no future performance conditions exist, grants are recognised in income when the amounts are receivable.

Capital-Based Grants

Grants relating to the acquisition, construction, or enhancement of tangible fixed assets are recognised as deferred income and released to profit or loss on a systematic basis over the expected useful life of the related asset. Where appropriate, grants may alternatively be deducted from the carrying amount of the asset, resulting in reduced depreciation charges over the asset’s useful life.

Presentation

Grants recognised in the profit or loss are presented in accordance with the substance of the transaction either:

- as other operating income; or

- deducted from the related expense.

Repayment of Grants

Where a grant becomes repayable:

- repayment of a revenue grant is recognised immediately in profit or loss;

- repayment of a capital grant is recognised by increasing the carrying amount of the asset or reducing the deferred income balance, with any cumulative additional depreciation recognised immediately in profit or loss.

1.4
Intangible fixed assets other than goodwill

Patents and licenses are classified as intangible assets and are initially recogni s ed at cost. The cost of an acquired patent or license includes the purchase price and any directly attributable costs, such as legal and registration fees, incurred to secure the asset.

Subsequent to initial recognition, patents and licenses are amorti s ed on a straight-line basis over their estimated useful lives on the following bases:

Patents & licences
Evenly over their estimated life of 20 years.
GT Green Technologies Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 5 -

The useful life of patents is generally considered to be the shorter of the legal life of the patent or the period over which the economic benefits are expected to be derived. For licenses, the useful life is typically based on the contractual period or expected usage period, whichever is shorter.

If there is an indication that a patent or license may be impaired, the carrying amount is tested for impairment by comparing it with its recoverable amount. Any impairment loss is recogni s ed in the profit or loss account.

The amorti s ation period and method are reviewed at least annually, and adjustments are made prospectively if the expected useful life or pattern of consumption of future economic benefits changes.

P atents and licenses are derecogni s ed when they are either sold, abandoned, or no longer provide future economic benefits. The gain or loss on derecognition is recogni s ed in the profit or loss account and is calculated as the difference between the proceeds from sale and the carrying amount of the asset.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
50% Straight Line
Fixtures and fittings
20% Straight Line
Computers
20% Straight Line
Motor vehicles
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

GT Green Technologies Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 6 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

GT Green Technologies Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 7 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

GT Green Technologies Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 8 -

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

1.14
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight-line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
7
GT Green Technologies Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 9 -
4
Intangible fixed assets
Other
£
Cost
At 1 November 2024
41,561
Disposals
(15,135)
At 31 October 2025
26,426
Amortisation and impairment
At 1 November 2024
7,137
Amortisation charged for the year
3,882
Disposals
(4,524)
At 31 October 2025
6,495
Carrying amount
At 31 October 2025
19,931
At 31 October 2024
34,424
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
545,002
3,186
9,195
13,995
571,378
Additions
-
0
-
0
13,760
349
14,109
Disposals
-
0
(3,186)
-
0
-
0
(3,186)
At 31 October 2025
545,002
-
0
22,955
14,344
582,301
Depreciation and impairment
At 1 November 2024
272,501
1,523
1,838
5,972
281,834
Depreciation charged in the year
90,833
-
0
2,030
3,236
96,099
Eliminated in respect of disposals
-
0
(1,523)
-
0
-
0
(1,523)
At 31 October 2025
363,334
-
0
3,868
9,208
376,410
Carrying amount
At 31 October 2025
181,668
-
0
19,087
5,136
205,891
At 31 October 2024
272,501
1,663
7,357
8,023
289,544
GT Green Technologies Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 10 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
1
Corporation tax recoverable
10,856
10,856
Other debtors
318,064
188,514
328,920
199,371
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
231,890
251,415
Trade creditors
228,607
362,913
Taxation and social security
39,778
19,162
Other creditors
93,352
285,153
593,627
918,643

A fixed and floating charge by Rocking Horse Solutions UK Ltd was created on 24 October 2025 over all assets of GT Green Technologies Ltd.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
88,786
77,132
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