Registration number: 16234206

GCRS Ltd

Contents

Abridged Balance Sheet	1
Notes to the Unaudited Abridged Financial Statements	2 to 3

GCRS Ltd

(Registration number: 16234206)
Abridged Balance Sheet as at 28 February 2026

	2026 £
Fixed assets
Other financial assets	50
Current assets
Debtors	210,001
Cash at bank and in hand	30,015
	240,016
Creditors: Amounts falling due within one year	(283,695)
Net current liabilities	(43,679)
Net liabilities	(43,629)
Capital and reserves
Called up share capital	1
Profit and loss account	(43,630)
Total equity	(43,629)

For the financial period ending 28 February 2026 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 of its accounts for the period in question in accordance with section 476; and
	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 11 September 2026
 

Mr G M Champken

Director

GCRS Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 6 February 2025 to 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tumblers Barn
Llanellen
Abergavenny
NP7 9LB

These financial statements were authorised for issue by the director on 11 September 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These accounts have been prepared for a period of one year and one month as this is the first year post incorporation.

Going concern
Of the liabilties outstanding at 28 February 2026, an amount is owed to the directors. The directors have confirmed that they will not seek repayment of this amount until the company has sufficient funds to do so. Therefore the company will have sufficient funding to enable it to continue trading for at least one year from the date of approval of these accounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment. The fair value used for listed equity shares and bonds is the closing market price at the balance sheet date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period was 1.

GCRS Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 6 February 2025 to 28 February 2026

4	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	50	50
At 28 February 2026	50	50
Carrying amount
At 28 February 2026	50	50

5	Related party transactions

Summary of transactions with other related parties

LTVP Ltd
An amount is owed from LTVP Ltd at the year end of £210,000.