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REGISTERED NUMBER: 11461518 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Gm Property (Investment And Holdings)
Limited

Gm Property (Investment And Holdings)
Limited (Registered number: 11461518)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gm Property (Investment And Holdings)
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S M L Gower
J W Murphy





REGISTERED OFFICE: Unit 10 Warrior Business Centre
Fitzherbert Road
Portsmouth
PO6 1TX





REGISTERED NUMBER: 11461518 (England and Wales)





ACCOUNTANTS: SO Accounting Limited
Chartered Accountants
2 Harris Close
Frome
Somerset
BA11 5JY

Gm Property (Investment And Holdings)
Limited (Registered number: 11461518)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 415,816 415,816

CURRENT ASSETS
Debtors 5 - 138
Cash at bank 81,266 37,610
81,266 37,748
CREDITORS
Amounts falling due within one year 6 97,343 84,900
NET CURRENT LIABILITIES (16,077 ) (47,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,739

368,664

CREDITORS
Amounts falling due after more than
one year

7

302,956

316,657
NET ASSETS 96,783 52,007

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 96,781 52,005
96,783 52,007

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

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

Gm Property (Investment And Holdings)
Limited (Registered number: 11461518)

Balance Sheet - continued
31 July 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 14 February 2024 and were signed on its behalf by:





J W Murphy - Director


Gm Property (Investment And Holdings)
Limited (Registered number: 11461518)

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

1. STATUTORY INFORMATION

Gm Property (Investment And Holdings) 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.

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.

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 2 (2022 - 2 ) .

Gm Property (Investment And Holdings)
Limited (Registered number: 11461518)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 415,816
NET BOOK VALUE
At 31 July 2023 415,816
At 31 July 2022 415,816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 23,937 20,236
Taxation and social security 14,147 3,470
Other creditors 59,259 61,194
97,343 84,900

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 302,956 316,657

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 239,145 246,547

Gm Property (Investment And Holdings)
Limited (Registered number: 11461518)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
S M L Gower
Balance outstanding at start of year (30,771 ) (33,551 )
Amounts advanced 724 5,795
Amounts repaid (672 ) (3,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,719 ) (30,771 )

J W Murphy
Balance outstanding at start of year (29,702 ) (27,691 )
Amounts advanced 3,335 1,004
Amounts repaid (672 ) (3,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,039 ) (29,702 )

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.