GEM Enterprises Group Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—6

Registered number: 13039428

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		62,500		75,000
Tangible Assets	5		77,036		76,069

			139,536		151,069
CURRENT ASSETS
Stocks		1,000		1,000
Debtors	6	261,781		239,763
Cash at bank and in hand		174,058		194,987

		436,839		435,750
Creditors: Amounts Falling Due Within One Year		(111,872 )		(89,185 )

NET CURRENT ASSETS (LIABILITIES)			324,967		346,565

TOTAL ASSETS LESS CURRENT LIABILITIES			464,503		497,634

Creditors: Amounts Falling Due After More Than One Year			(70,941 )		(82,447 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(18,581 )		(18,190 )

NET ASSETS			374,981		396,997

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			374,881		396,897

SHAREHOLDERS' FUNDS			374,981		396,997

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GEM Enterprises Group Ltd

Abridged Balance Sheet (continued)

As At 30 November 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr G Manners

Director

23/09/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

GEM Enterprises Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13039428 . The registered office is 470 Hucknall Road, Nottingham, Nottinghamshire, NG5 1FX.

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. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

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

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

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GEM Enterprises Group Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 November 2025

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33% straight line basis

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

The tax charge represents the aggregate amount of corporation tax 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.

Corporation 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

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GEM Enterprises Group Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 November 2025

2.8. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Total
	£
Cost
As at 1 December 2024	125,000

As at 30 November 2025	125,000

Amortisation
As at 1 December 2024	50,000
Provided during the period	12,500

As at 30 November 2025	62,500

Net Book Value
As at 30 November 2025	62,500

As at 1 December 2024	75,000

5. Tangible Assets

	Total
	£
Cost
As at 1 December 2024	142,703
Additions	29,032

As at 30 November 2025	171,735

...CONTINUED

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GEM Enterprises Group Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 November 2025

Depreciation
As at 1 December 2024	66,634
Provided during the period	28,065

As at 30 November 2025	94,699

Net Book Value
As at 30 November 2025	77,036

As at 1 December 2024	76,069

6. Debtors

	2025	2024
	£	£
Due after more than one year
Related party debtors	179,565	157,730

7. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,507	11,507
Later than one year and not later than five years	70,941	82,447

	82,448	93,954

	82,448	93,954

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

During the year the company made loans to two companies under common control. The opening balance owing to the company was £157,730 and during the year further net loans totalling £21,835 were made. The closing balance, of £179,565 owing to the company, is included in debtors receivable after one year.

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