Registration number: 16148569

Genesis 68 Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Genesis 68 Limited

(Registration number: 16148569)
Balance Sheet as at 31 December 2025

	Note	2025 £
Fixed assets
Intangible assets	4	139,803
Tangible assets	5	71,615
		211,418
Current assets
Stocks	6	11,100
Debtors	7	18,845
Cash at bank and in hand		36,254
		66,199
Creditors: Amounts falling due within one year	8	(364,697)
Net current liabilities		(298,498)
Net liabilities		(87,080)
Capital and reserves
Called up share capital	9	100
Retained earnings		(87,180)
Shareholders' deficit		(87,080)

Genesis 68 Limited

(Registration number: 16148569)
Balance Sheet as at 31 December 2025

For the financial period ending 31 December 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’. The profit and loss account and directors' report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 22 September 2026 and signed on its behalf by:
 

......................................... Mr S Fort Director

Genesis 68 Limited

Notes to the Unaudited Financial Statements for the Period from 23 December 2024 to 31 December 2025

1	General information

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

The address of its registered office is:
12 Wellington Street
St. Johns
Blackburn
Lancashire
BB1 8AG
United Kingdom

The principal place of business is:
41 King Street
Whalley
Clitheroe
Lancashire
BB7 9SP
United Kingdom

These financial statements were authorised for issue by the Board on 22 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

The financial statements are presented in Sterling, which is the functional currency of the company and are rounded to the nearest pound.

Going concern

The company is reliant upon the financial support of its shareholders in order to meet its liabilities as they fall due. The shareholders have indicated that this support will continue for the foreseeable future and as a result, the directors have continued to adopt the going concern basis in preparing the financial statements.

Genesis 68 Limited

Notes to the Unaudited Financial Statements for the Period from 23 December 2024 to 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance
Office equipment	33% straight line
Short term leasehold costs	10% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line over 10 years
Other intangible assets	straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Genesis 68 Limited

Notes to the Unaudited Financial Statements for the Period from 23 December 2024 to 31 December 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Genesis 68 Limited

Notes to the Unaudited Financial Statements for the Period from 23 December 2024 to 31 December 2025

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 20.

4	Intangible assets

	Goodwill  £	Other intangible assets  £	Total £
Cost or valuation
Additions acquired separately	139,280	523	139,803
At 31 December 2025	139,280	523	139,803
Carrying amount
At 31 December 2025	139,280	523	139,803

5	Tangible assets

	Short term leasehold costs £	Fixtures, fittings and office equipment £	Total £
Cost or valuation
Additions	4,518	74,420	78,938
At 31 December 2025	4,518	74,420	78,938
Depreciation
Charge for the period	-	7,323	7,323
At 31 December 2025	-	7,323	7,323
Carrying amount
At 31 December 2025	4,518	67,097	71,615

Genesis 68 Limited

Notes to the Unaudited Financial Statements for the Period from 23 December 2024 to 31 December 2025

6

Stocks

	2025 £
Other inventories	11,100

7

Debtors

Current	2025 £
Prepayments	15,303
Other debtors	3,542
	18,845

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Trade creditors		21,349
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	202,150
Taxation and social security		39,413
Other creditors		101,785
		364,697

9	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary share of £1 each	100	100

On incorporation 100 shares were issued at par.

Genesis 68 Limited

Notes to the Unaudited Financial Statements for the Period from 23 December 2024 to 31 December 2025

10	Related party transactions

Loans from related parties

2025	Parent £	Total £
Advanced	202,250	202,250
Repaid	(100)	(100)
At end of period	202,150	202,150

Terms of loans from related parties

The loan from the parent is interest free and repayable upon demand.
 

11 Parent company

At the period end the company was a wholly owned subsidiary of East Lancs Holdings Limited, a company registered in England and Wales. It’s registered office is Unit 3b Barnfield Way, Altham, Accrington, Lancashire, BB5 5WJ. The group is exempt from producing group accounts as it is a small group.