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

COMPANY REGISTRATION NUMBER: 03408538

Gentian Holdings Limited

Filleted Financial Statements

31 December 2025

Gentian Holdings Limited

Statement of Financial Position

31 December 2025

	2025		2024
			(restated)
Note	£	£	£	£

Fixed assets

Tangible assets	5	1,761,654	1,629,500
Investments	6	1	2
		------------	------------
		1,761,655	1,629,502

Current assets

Debtors	7	273,747	295,957
Cash at bank and in hand		942,225	1,332,597
		------------	------------
		1,215,972	1,628,554

Creditors: amounts falling due within one year	8	1,263,866		735,258
		------------		------------
Net current (liabilities)/assets			( 47,894)		893,296
			------------		------------
Total assets less current liabilities			1,713,761		2,522,798

Creditors: amounts falling due after more than one year	9	–	975,000
		------------	------------
Net assets		1,713,761	1,547,798
		------------	------------

Capital and reserves

Called up share capital	11	25	501,000
Share premium account		–	99,000
Profit and loss account		1,713,736	947,798
		------------	------------
Shareholders funds		1,713,761	1,547,798
		------------	------------

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 comprehensive income 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.

Gentian Holdings Limited

Statement of Financial Position (continued)

31 December 2025

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: 03408538

Gentian Holdings 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 various hospital sites. 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 management charges from group companies, rental income and service charge income. Management charges are recognised when the service has been provided, in the year in which it relates to and in accordance with the agreed terms. Rental income represents rent 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. Deferred tax is not recognised for investment properties that are measured at fair value that have a limited useful life and is held within a business model whose objective is to consume substantially all of the economic benefits embodied in the property over time.

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.

Investments

Interests in subsidiaries are measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Investment property
	£
Cost or valuation
At 1 January 2025 (as restated)	1,629,500
Revaluations	132,154
	------------
At 31 December 2025	1,761,654
	------------
Depreciation
At 1 January 2025 and 31 December 2025	–
	------------
Carrying amount
At 31 December 2025	1,761,654
	------------
At 31 December 2024	1,629,500
	------------

Leasehold 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. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025 as restated	2
Disposals	( 1)
	----
At 31 December 2025	1
	----
Impairment
At 1 January 2025 as restated and 31 December 2025	–
	----

Carrying amount
At 31 December 2025	1
	----
At 31 December 2024	2
	----

7. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	40,498	38,592
Other debtors	233,249	257,365
	---------	---------
	273,747	295,957
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
		(restated)
	£	£
Other debtors	138,511	172,987
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Debenture loans	–	195,000
Trade creditors	3,194	25,694
Amounts owed to group undertakings	1,059,456	205,500
Accruals and deferred income	149,222	258,919
Corporation tax	36,850	17,776
Social security and other taxes	11,101	28,326
Other creditors	4,043	4,043
	------------	---------
	1,263,866	735,258
	------------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
		(restated)
	£	£
Debenture loans	–	975,000
	----	---------

10. 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 £1,635,000.

11. Called up share capital

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 0.01 each	2,500	25	20,100,000	201,000
Convertible shares of £ 0.01 each	–	–	30,000,000	300,000
	-------	----	-------------	---------
	2,500	25	50,100,000	501,000
	-------	----	-------------	---------

12. Operating leases

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

	2025	2024
		(restated)
	£	£
Not later than 1 year	95,593	91,385
Later than 1 year and not later than 5 years	415,757	403,377
Later than 5 years	477,438	4,614,233
	---------	------------
	988,788	5,108,995
	---------	------------

13. Other financial commitments

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

14. 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 .

15. Related party transactions

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

16. Controlling party

The ultimate and immediate parent entity is Gentian Investments Limited, a limited company registered in England and Wales. The ultimate controlling party at the balance sheet date is Gentian Investments Limited. The registered office address of Gentian Investments Limited is: 146 New London Road, Chelmsford, Essex, CM2 0AW