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Registered number: 05836839
GNR Executive Limited
Unaudited Financial Statements
For The Year Ended 29 June 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05836839
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,128 663
1,128 663
CURRENT ASSETS
Debtors 5 5,092 8,924
Investments 6 236,760 236,760
Cash at bank and in hand 144,810 5,582
386,662 251,266
Creditors: Amounts Falling Due Within One Year 7 (288,023 ) (228,808 )
NET CURRENT ASSETS (LIABILITIES) 98,639 22,458
TOTAL ASSETS LESS CURRENT LIABILITIES 99,767 23,121
Creditors: Amounts Falling Due After More Than One Year 8 (22,092 ) (22,078 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (73 ) (178 )
NET ASSETS 77,602 865
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 77,600 863
SHAREHOLDERS' FUNDS 77,602 865
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For the year ending 29 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Bahia
Director
27 August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GNR Executive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05836839 . The registered office is North Lodge, Hawkesyard, Rugeley, WS15 1PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% - on cost
Computer Equipment 33% - on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. 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, and loans to related parties.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 30 June 2024 1,050 8,043 9,093
Additions - 836 836
As at 29 June 2025 1,050 8,879 9,929
...CONTINUED
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Depreciation
As at 30 June 2024 387 8,043 8,430
Provided during the period 210 161 371
As at 29 June 2025 597 8,204 8,801
Net Book Value
As at 29 June 2025 453 675 1,128
As at 30 June 2024 663 - 663
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 5,092 8,924
6. Current Asset Investments
2025 2024
£ £
Unlisted investments 236,760 236,760
The director believes that these investments are not less than market value.
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,447 3,897
Bank loans and overdrafts 13,255 16,148
Corporation tax 106,480 6,956
Other taxes and social security 18,633 16,260
VAT 19,105 19,186
Net wages 60,000 -
Other creditors 64,950 141,167
Accruals and deferred income 2,100 2,280
Directors' loan accounts 53 22,914
288,023 228,808
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 22,092 22,078
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9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 30 June 2024 178 178
Utilised (105 ) (105)
Balance at 29 June 2025 73 73
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
11. Related Party Transactions
A company in which Mr and Mrs Bahia are also directors.
At the balance sheet date there was an outstanding loan due to GNR Associates Limited of £64,950. (2024: £71,167). This loan is interest free and repayable upon demand.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr and Mrs Bahia by virtue of their ownership of 100% of the issued share capital in the company.
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