Silverfin false 30/04/2023 01/05/2022 30/04/2023 Denise Townsley 26/05/2020 19 September 2023 The principal activity of the company during the financial year was serving as a holding company. SC662223 2023-04-30 SC662223 bus:Director1 2023-04-30 SC662223 2022-04-30 SC662223 core:CurrentFinancialInstruments 2023-04-30 SC662223 core:CurrentFinancialInstruments 2022-04-30 SC662223 core:ShareCapital 2023-04-30 SC662223 core:ShareCapital 2022-04-30 SC662223 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC662223 core:RetainedEarningsAccumulatedLosses 2022-04-30 SC662223 core:CostValuation 2022-04-30 SC662223 core:CostValuation 2023-04-30 SC662223 bus:OrdinaryShareClass1 2023-04-30 SC662223 2022-05-01 2023-04-30 SC662223 bus:FullAccounts 2022-05-01 2023-04-30 SC662223 bus:SmallEntities 2022-05-01 2023-04-30 SC662223 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 SC662223 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 SC662223 bus:Director1 2022-05-01 2023-04-30 SC662223 2021-05-01 2022-04-30 SC662223 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 SC662223 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC662223 (Scotland)

GP HOLDINGS (SCOTLAND) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH THE REGISTRAR

GP HOLDINGS (SCOTLAND) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023

Contents

GP HOLDINGS (SCOTLAND) LIMITED

BALANCE SHEET

AS AT 30 APRIL 2023
GP HOLDINGS (SCOTLAND) LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 1,000 1,000
1,000 1,000
Current assets
Debtors 4 4,292 2,206
4,292 2,206
Creditors: amounts falling due within one year 5 ( 1,824) ( 1,860)
Net current assets 2,468 346
Total assets less current liabilities 3,468 1,346
Net assets 3,468 1,346
Capital and reserves
Called-up share capital 6 1,000 1,000
Profit and loss account 2,468 346
Total shareholder's funds 3,468 1,346

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of GP Holdings (Scotland) Limited (registered number: SC662223) were approved and authorised for issue by the Director on 19 September 2023. They were signed on its behalf by:

Denise Townsley
Director
GP HOLDINGS (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
GP HOLDINGS (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

GP Holdings (Scotland) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Clava House, Cradlehall Business Park, Inverness, IV2 5GH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 May 2022 1,000
At 30 April 2023 1,000
Carrying value at 30 April 2023 1,000
Carrying value at 30 April 2022 1,000

4. Debtors

2023 2022
£ £
Amounts owed by connected companies 4,292 2,206

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 1,824 1,860

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

7. Related party transactions

Other related party transactions

2023 2022
£ £
Amounts due from connected company 292 2,206