REGISTERED NUMBER: 08100904 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Genero Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Lloyd-Smith

REGISTERED OFFICE:

1 Cliffe Drive

Limpley Stoke

Bath

Wiltshire

BA2 7FY

REGISTERED NUMBER:

08100904 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,631

3,926

Investments

5

213,196

155,056

215,827

158,982

CURRENT ASSETS

Debtors

6

25,000

25,000

Cash at bank

113,608

113,037

138,608

138,037

CREDITORS

Amounts falling due within one year

7

22,070

20,865

NET CURRENT ASSETS

116,538

117,172

TOTAL ASSETS LESS CURRENT LIABILITIES

332,365

276,154

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

332,364

276,153

SHAREHOLDERS' FUNDS

332,365

276,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2026 and were signed by:

A Lloyd-Smith - Director

1.	STATUTORY INFORMATION

Genero Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

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.

Fixed asset investments

Fixed asset investments are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

14,299

DEPRECIATION

At 1 April 2025

10,373

Charge for year

1,295

At 31 March 2026

11,668

NET BOOK VALUE

At 31 March 2026

2,631

At 31 March 2025

3,926

5.	FIXED ASSET INVESTMENTS

2026

2025

£

£

Shares in group undertakings

56

56

Other investments not loans

213,140

155,000

213,196

155,056

Additional information is as follows:

Shares in

group

undertaking

£

COST

At 1 April 2025

and 31 March 2026

56

NET BOOK VALUE

At 31 March 2026

56

At 31 March 2025

56

Investments (neither listed nor unlisted) were as follows:

2026

2025

£

£

St James' Place

208,140

150,000

Other investment assets

5,000

5,000

213,140

155,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

25,000

25,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Directors' current accounts

21,509

20,306

Accruals and deferred income

561

559

22,070

20,865

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

A

1

1

1

9.	RELATED PARTY DISCLOSURES

Modern Artbuyer Limited

Mr A Lloyd-Smith's wife is the sole director and shareholder of Modern Artbuyer Limited.

Included in other debtors is £25,000 (2025: £25,000) owed to the company by Modern Artbuyer Limited.

Ignition Strategic Design Limited

During the period, the company charged management fees of £18,000 (2025: £18,000) to Ignition Limited. The Company owns a 56% share of Ignition Strategic Design Ltd, and in which Mr A Lloyd-Smith a director and shareholder.

Dividends of £79,395 (2025: £79,603) were paid by Ignition Strategic Design Limited during the year.

Director

Included in creditors is £21,509 (2025: £20,306) owed by the Company to Mr A Lloyd-Smith.

The company was under the control of Mr A Lloyd-Smith throughout the year, by virtue of his 100% holding of the issued share capital.