ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30The principal activity of the company is to provide short term bridging finance secured against UK properties. The company has not traded during the year.2023-10-01false22falsetrue 11389824 2023-10-01 2024-09-30 11389824 2022-10-01 2023-09-30 11389824 2024-09-30 11389824 2023-09-30 11389824 c:Director1 2023-10-01 2024-09-30 11389824 d:CurrentFinancialInstruments 2024-09-30 11389824 d:CurrentFinancialInstruments 2023-09-30 11389824 d:ShareCapital 2024-09-30 11389824 d:ShareCapital 2023-09-30 11389824 d:RetainedEarningsAccumulatedLosses 2024-09-30 11389824 d:RetainedEarningsAccumulatedLosses 2023-09-30 11389824 c:OrdinaryShareClass1 2023-10-01 2024-09-30 11389824 c:OrdinaryShareClass1 2024-09-30 11389824 c:OrdinaryShareClass1 2023-09-30 11389824 c:FRS102 2023-10-01 2024-09-30 11389824 c:Audited 2023-10-01 2024-09-30 11389824 c:FullAccounts 2023-10-01 2024-09-30 11389824 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11389824 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11389824 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11389824










GFS INVEST LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
GFS INVEST LIMITED
REGISTERED NUMBER: 11389824

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
1
9,711

  
1
9,711

Total assets less current liabilities
  
 
 
1
 
 
9,711

  

Net assets
  
1
9,711


Capital and reserves
  

Called up share capital 
 4 
1
1

Profit and loss account
  
-
9,710

  
1
9,711


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr G Harrington
Director

Date: 30 January 2025

The notes on pages 9 to 10 form part of these financial statements.

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GFS INVEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

GFS Invest Ltd is a private company, limited by shares and incorporated in England and Wales. The company registration number is 11389824 and the registered office is 2nd Floor, Mutual House, 70 Conduit Street, London, W1S 2GF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared in the functional currency, pounds sterling, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The directors have considered that there will not be any material impact on trading over the course of the next twelve months.
Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the directors' report and accounts.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

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, loans to related parties and investments in ordinary shares.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Debtors

2024
2023
£
£

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GFS INVEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.Debtors (continued)


Amounts owed by group undertakings
1
9,711



4.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1 (2023 - 1) Ordinary shares share of £1.00
1
1



5.


Parent entity and controlling party

The immediate parent undertaking is Glenhawk Group Limited, a company incorporated in England and Wales, with a registered office of 2nd Floor, Mutual House, 70 Conduit Street, London, W1S 2GF. 
The ultimate parent company of Glenhawk Group Limited is GLEU GHK S.a.r.l, a company incorporated in Luxembourg.
The ultimate controlling party is Marc Lasry by virtue of their controlling interest in the ultimate parent company.
 


6.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 31 January 2025 by Tasneem Bharmal FCCA (Senior statutory auditor) on behalf of MHA.

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