Company No: 12949062 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	800,000		800,000
		800,000		800,000
Current assets
Debtors		100		100
		100		100
Creditors: amounts falling due within one year	4	( 75,000)		( 75,000)
Net current liabilities		(74,900)		(74,900)
Total assets less current liabilities		725,100		725,100
Creditors: amounts falling due after more than one year	5	( 300,000)		( 375,000)
Net assets		425,100		350,100
Capital and reserves
Called-up share capital		100		100
Profit and loss account		425,000		350,000
Total shareholders' funds		425,100		350,100

For the financial year ending 30 November 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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Genesis Asset Finance Holdings Limited (registered number: 12949062) were approved and authorised for issue by the Board of Directors on 30 March 2026. They were signed on its behalf by:

A Frost Director

E Frost Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Genesis Asset Finance Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 60 Surrey Street, Glossop, SK13 7AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Borrowing costs

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets
and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties
and investments in ordinary shares.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Dividends

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

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

The Company has no employees other than the directors, who did not receive any remuneration (2024: £NIL).

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 December 2024	800,000
At 30 November 2025	800,000
Carrying value at 30 November 2025	800,000
Carrying value at 30 November 2024	800,000

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	75,000		75,000

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

	2025		2024
	£		£
Other creditors	300,000		375,000

There are no amounts included above in respect of which any security has been given by the small entity.