Gentian (Tameside) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03266007

Gentian (Tameside) Limited

Filleted Financial Statements

31 December 2025

Gentian (Tameside) Limited

Statement of Financial Position

31 December 2025

	2025		2024
			(restated)
Note	£	£	£	£

Fixed assets

Tangible assets	5		829,107		870,000

Current assets

Debtors	6	175,774	203,295
Cash at bank and in hand		1,000	1,000
		---------	---------
		176,774	204,295

Creditors: amounts falling due within one year	7	130,689		155,139
		---------		---------
Net current assets			46,085		49,156
			---------		---------
Total assets less current liabilities			875,192		919,156
			---------		---------
Net assets			875,192		919,156
			---------		---------

Capital and reserves

Called up share capital	9	1	1
Profit and loss account		875,191	919,155
		---------	---------
Shareholders funds		875,192	919,156
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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 were approved by the board of directors and authorised for issue on 3 July 2026 , and are signed on behalf of the board by:

Mr S Fitzsimmons

Director

Company registration number: 03266007

Gentian (Tameside) Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

The directors have prepared forecasts and considered the rent contracts in preparing those. Rents are expected to increase slightly and cash reserves after payment of dividends are expected to remain significantly positive. They are therefore confident that the company can continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. They also have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factor, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. Fair value of investment properties Investment property comprises of retail units at Tameside Hospital. The valuation of the fair value of the investment property has been carried out by the directors and is based on discounting the future cash flows of the income-generating potential of the properties by a suitable discount rate. The discount rate applied is an estimate, and as such a change in the discount factor could result in a material change to the fair value of the property.

Revenue recognition

Turnover represents rental income and service charges receivable excluding VAT. Recognition of rental income takes into account the terms of the lease including any lease incentives which are spread over the length of the lease. Service charge income represents service charges receivable excluding VAT. Recognition of service charge income is on an accruals basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

During the year the average number of employees was 2 (2024: 2) which consisted of the directors only.

5. Tangible assets

	Investment property
	£
Cost or valuation
At 1 January 2025 (as restated)	870,000
Revaluations	( 40,893)
	---------
At 31 December 2025	829,107
	---------
Depreciation
At 1 January 2025 and 31 December 2025	–
	---------
Carrying amount
At 31 December 2025	829,107
	---------
At 31 December 2024	870,000
	---------

Investment property was adjusted to fair value by the directors at the year end. The directors have appropriate expertise and have valued the properties on the basis of the agreed letting terms.

6. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	484	505
Amounts owed by group undertakings	123,436	174,573
Other debtors	51,854	28,217
	---------	---------
	175,774	203,295
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Trade creditors	19,066	59,591
Accruals and deferred income	65,725	63,153
Corporation tax	39,049	32,395
Social security and other taxes	6,849	–
	---------	---------
	130,689	155,139
	---------	---------

8. Prior period errors

The directors confirm the following regarding the prior period adjustment in these financial statements; The financial statements include amended figures for the year ended 31 December 2024. The comparative figures are now the statutory financial figures of the company for the period ending 31 December 2024. The comparative figures have been prepared as at 31 December 2024 and not at the date of amendment and accordingly do not deal with events between the two dates. The audited financial statements prepared as at 31 December 2024 have been restated to reflect the valuation of investment property at 31 December 2024. The value as at 31 December 2024 has been restated in line with the valuation method used by the new directors. The total affect is to increase the loss before tax by £674,000.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
		(restated)
	£	£
Not later than 1 year	45,944	43,707
Later than 1 year and not later than 5 years	147,627	141,629
Later than 5 years	687,361	727,950
	---------	---------
	880,932	913,286
	---------	---------

11. Other financial commitments

The directors are not aware of any contingent liabilities or provisions that require disclosure to be made in these accounts.

12. Summary audit opinion

The auditor's report dated 10 July 2026 was unqualified .

The senior statutory auditor was Tom York , for and on behalf of Edmund Carr LLP .

13. Related party transactions

The company is a wholly owned subsidiary of Gentian Holdings Limited and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with Gentian Holdings Limited or other wholly owned subsidiaries within the group.

14. Controlling party

The company's immediate parent company is Gentian Holdings Limited whose registered office address is: 146 New London Road, Chelmsford, England, CM2 0AW. The ultimate parent company and controlling party is Gentian Investments Limited, a limited company registered in England and Wales. The registered office address of Gentian Investments Limited is: 146 New London Road, Chelmsford, England, CM2 0AW.