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REGISTERED NUMBER: 11205706 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GNC INVESTMENTS LIMITED

GNC INVESTMENTS LIMITED (REGISTERED NUMBER: 11205706)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GNC INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P C Collis
D S Goldring





REGISTERED OFFICE: The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA





REGISTERED NUMBER: 11205706 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

GNC INVESTMENTS LIMITED (REGISTERED NUMBER: 11205706)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,152 1,537
Investment property 5 1,691,229 1,224,937
1,692,381 1,226,474

CURRENT ASSETS
Debtors 6 29,559 60
Cash at bank 4,819 12,723
34,378 12,783
CREDITORS
Amounts falling due within one year 7 524,888 50,045
NET CURRENT LIABILITIES (490,510 ) (37,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,201,871

1,189,212

PROVISIONS FOR LIABILITIES 8 10,120 7,691
NET ASSETS 1,191,751 1,181,521

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 30,360 32,789
Retained earnings 1,161,291 1,148,632
SHAREHOLDERS' FUNDS 1,191,751 1,181,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GNC INVESTMENTS LIMITED (REGISTERED NUMBER: 11205706)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:




P C Collis - Director



D S Goldring - Director


GNC INVESTMENTS LIMITED (REGISTERED NUMBER: 11205706)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

GNC Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" investment properties are revalued annually and the aggregate surplus or deficit is dealt with through the profit and loss account. The gain or loss is transferred to a fair value reserve after adjusting for deferred tax. No depreciation is provided in respect of investment properties.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

GNC INVESTMENTS LIMITED (REGISTERED NUMBER: 11205706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 5,000
DEPRECIATION
At 1 April 2022 3,463
Charge for year 385
At 31 March 2023 3,848
NET BOOK VALUE
At 31 March 2023 1,152
At 31 March 2022 1,537

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,224,937
Additions 466,292
At 31 March 2023 1,691,229
NET BOOK VALUE
At 31 March 2023 1,691,229
At 31 March 2022 1,224,937

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 550,000
Cost 1,141,229
1,691,229

If investment property had not been revalued it would have been included at the following historical cost:

31/3/23 31/3/22
£    £   
Cost 1,650,748 1,184,456

Investment property was valued on an open market basis basis on 31 March 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 29,559 60

GNC INVESTMENTS LIMITED (REGISTERED NUMBER: 11205706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Taxation and social security 10,145 5,037
Other creditors 514,743 45,008
524,888 50,045

8. PROVISIONS FOR LIABILITIES
31/3/23 31/3/22
£    £   
Deferred tax 10,120 7,691

Deferred
tax
£   
Balance at 1 April 2022 7,691
Provided during year 2,429
Balance at 31 March 2023 10,120

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2022 32,789
Transfer between reserves (2,429 )

At 31 March 2023 30,360