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REGISTERED NUMBER: 14089568 (England and Wales)








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: Mr L J Flanagan
Mr J S B Middleton





REGISTERED OFFICE: 200 Trafford Road
Eccles
Greater Manchester





REGISTERED NUMBER: 14089568 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
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
Mr L J Flanagan - appointed 5.5.22 1 1
Mr J S B Middleton - appointed 5.5.22 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:





Mr L J Flanagan - Director


26 January 2024

GEN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 14089568)

BALANCE SHEET
31 May 2023

Notes £   
CURRENT ASSETS
Cash at bank and in hand 6,862

CREDITORS
Amounts falling due within one year 4 (1,692 )
NET CURRENT ASSETS 5,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,170

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 5,168
SHAREHOLDERS' FUNDS 5,170

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

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 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 26 January 2024 and were signed on its behalf by:




Mr L J Flanagan - Director



Mr J S B Middleton - Director


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 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.

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 1,212
Other creditors 480
1,692

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 700

6. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of its directors.