ACCOUNTS - Final Accounts

Registered number: 02145330

GILT FUND SECURITIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

GILT FUND SECURITIES LIMITED

REGISTERED NUMBER: 02145330

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Stocks		1,927,164		1,463,386
Debtors: amounts falling due within one year	4	174,813		523,415
Cash at bank and in hand		119,026		105,056
		2,221,003		2,091,857
Creditors: amounts falling due within one year	5	(131,389)		(104,218)
Net current assets			2,089,614		1,987,639
Total assets less current liabilities			2,089,614		1,987,639

Net assets			2,089,614		1,987,639

Capital and reserves
Called up share capital	100	100
Profit and loss account	2,089,514	1,987,539
	2,089,614	1,987,639

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GILT FUND SECURITIES LIMITED

REGISTERED NUMBER: 02145330

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

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 year 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 income and retained earnings 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:

Mr Peter S Allen

Director

Date: 8 July 2026

The notes on pages 3 to 5 form part of these financial statements.

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GILT FUND SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Gilt Fund Securities Limited (02145330) is a private company limited by shares and incorporated in England and Wales. The registered office address is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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:

Revenue represents amount receivable from sales of securities as valued at the disposal date.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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GILT FUND SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.6

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 weighted average basis.

At each balance sheet 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.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

Dividends

Equity dividends are recognised when they become lefally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 4 (2025 - 4).

Debtors

					2026	2025
					£	£


Trade debtors	31,389	400,810
Other debtors	143,424	122,605
	174,813	523,415

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GILT FUND SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

5.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other creditors	124,884	98,345
Accruals and deferred income	6,505	5,873
	131,389	104,218

Related party transactions

Included within other creditors due within one year is an unsecured interest free loan to the value of £39,483 (2024 - £39,483) due to a shareholder. This is repayable on demand.

Also included in other creditors due within one year is an unsecured, interest free loan to the value of of £49,049 (2024 - £36,911) due to directors of the company. This is repayable on demand.

Included in other debtors due within one year is an unsecured, interest free loan to the value of £121,740 (2024 - £149,063) due from a company under common control. This is repayable on demand.

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