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Registration number: 10606083

GNP Assets Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

GNP Assets Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

GNP Assets Ltd

Company Information

Director

Mr G N Parlane

Registered office

7 Burgess Street
Macclesfield
Cheshire
SK10 1NE

Accountants

Ardross Accountancy and Tax Services Limited
Accountants and Chartered Tax Advisers
IVtwo
Kintail House
Beechwood Business Park
Inverness
IV2 3BW

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
GNP Assets Ltd
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GNP Assets Ltd for the year ended 31 March 2023 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of GNP Assets Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of GNP Assets Ltd and state those matters that we have agreed to state to the Board of Directors of GNP Assets Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GNP Assets Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that GNP Assets Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GNP Assets Ltd. You consider that GNP Assets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of GNP Assets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Bruce Marshall
Ardross Accountancy and Tax Services Limited
Accountants and Chartered Tax Advisers
IVtwo
Kintail House
Beechwood Business Park
Inverness
IV2 3BW

13 June 2023

 

GNP Assets Ltd

(Registration number: 10606083)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed assets

5,796,788

5,976,834

Current assets

66,063

35,839

Creditors: Amounts falling due within one year

(5,058,112)

(5,288,490)

Net current liabilities

(4,992,049)

(5,252,651)

Total assets less current liabilities

804,739

724,183

Provisions for liabilities

(3,000)

(3,000)

Accruals and deferred income

(680)

(680)

 

801,059

720,503

Capital and reserves

801,059

720,503

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Burgess Street
Macclesfield
Cheshire
SK10 1NE
England

These financial statements were authorised for issue by the director on 13 June 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 3).

3

Related party transactions

Transactions with the director

 

GNP Assets Ltd

(Registration number: 10606083)
Balance Sheet as at 31 March 2023

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Mr G N Parlane

Director's loan

5,175,574

(176,257)

4,999,317

       
     

 

2022

At 1 April 2021
£

Repayments by director
£

At 31 March 2022
£

Mr G N Parlane

Director's loan

5,351,799

(176,225)

5,175,574

       
     

 

For the financial year ending 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 13 June 2023
 

.........................................
Mr G N Parlane
Director