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REGISTERED NUMBER: 10697250 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

GMP Properties (Southampton) Limited

GMP Properties (Southampton) Limited (Registered number: 10697250)






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


GMP Properties (Southampton) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr. S A Poswall





REGISTERED OFFICE: 255 Portswood Road
Southampton
Hampshire
SO17 2NG





REGISTERED NUMBER: 10697250 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

GMP Properties (Southampton) Limited (Registered number: 10697250)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 490,000 490,000

CURRENT ASSETS
Debtors 5 350 294
Cash at bank 117,289 86,610
117,639 86,904
CREDITORS
Amounts falling due within one year 6 184,435 180,844
NET CURRENT LIABILITIES (66,796 ) (93,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,204

396,060

PROVISIONS FOR LIABILITIES 53,458 53,458
NET ASSETS 369,746 342,602

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 227,899 227,899
Retained earnings 141,747 114,603
SHAREHOLDERS' FUNDS 369,746 342,602

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 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.

GMP Properties (Southampton) Limited (Registered number: 10697250)

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 director and authorised for issue on 20 November 2023 and were signed by:





Mr. S A Poswall - Director


GMP Properties (Southampton) Limited (Registered number: 10697250)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

GMP Properties (Southampton) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 490,000
NET BOOK VALUE
At 31 March 2023 490,000
At 31 March 2022 490,000

GMP Properties (Southampton) Limited (Registered number: 10697250)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 490,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 350 294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 6,883 8,073
Other creditors 177,552 172,771
184,435 180,844

7. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 227,899

8. RELATED PARTY DISCLOSURES

The company was under the control of Mr S A Poswall throughout the current period. Mr S A Poswall is the managing director

The company has a 50% share in relation to "5 Onslow Road" a property jointly owed along with HAP Properties Ltd.

Included in "Other creditors" is a balance of £114,682 (2022: £114,682) which is monies owed to HAP Properties Ltd.