REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE PERIOD 5 MAY 2022 TO 31 MAY 2023 |
FOR |
GEN PROPERTY MANAGEMENT LTD |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE PERIOD 5 MAY 2022 TO 31 MAY 2023 |
FOR |
GEN PROPERTY MANAGEMENT LTD |
GEN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 14089568) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 5 May 2022 to 31 May 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 | to | 5 |
GEN PROPERTY MANAGEMENT LTD |
COMPANY INFORMATION |
for the Period 5 May 2022 to 31 May 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Britannic House |
657 Liverpool Road |
Irlam |
Manchester |
Lancashire |
M44 5XD |
GEN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 14089568) |
REPORT OF THE DIRECTORS |
for the Period 5 May 2022 to 31 May 2023 |
The directors present their report with the financial statements of the company for the period 5 May 2022 to 31 May 2023. |
INCORPORATION |
The company was incorporated on 5 May 2022 . |
DIRECTORS |
The beneficial interests of the directors holding office at 31 May 2023 in the shares of the company, according to the register of directors' interests, were as follows: |
31.5.23 | at date of |
appointment |
Ordinary shares of £1 each |
1 | 1 |
1 | 1 |
These directors did not hold any non-beneficial interests in the shares of the company. |
Both the directors, being eligible, offer themselves for election at the forthcoming first Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
GEN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 14089568) |
BALANCE SHEET |
31 May 2023 |
Notes | £ |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 4 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GEN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 14089568) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 5 May 2022 to 31 May 2023 |
1. | STATUTORY INFORMATION |
Gen Property Management Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
GEN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 14089568) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 5 May 2022 to 31 May 2023 |
5. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
6. | ULTIMATE CONTROLLING PARTY |
During the year the company was under the control of its directors. |