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REGISTERED NUMBER: 04091043 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

GSPB LTD

GSPB LTD (REGISTERED NUMBER: 04091043)






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


GSPB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr Simon Egan
Mr Gareth Charles Ellis-Unwin





REGISTERED OFFICE: Second Floor
Windsor House
40-41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 04091043 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

GSPB LTD (REGISTERED NUMBER: 04091043)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,499 3,123
Investments 6 473,668 473,668
476,167 476,791

CURRENT ASSETS
Debtors 7 733,491 733,491
Cash at bank and in hand 2,209 1,706
735,700 735,197
CREDITORS
Amounts falling due within one year 8 (119,018 ) (117,268 )
NET CURRENT ASSETS 616,682 617,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,092,849

1,094,720

PROVISIONS FOR LIABILITIES (500 ) (625 )
NET ASSETS 1,092,349 1,094,095

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 1,092,344 1,094,090
SHAREHOLDERS' FUNDS 1,092,349 1,094,095

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 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.

GSPB LTD (REGISTERED NUMBER: 04091043)

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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr Simon Egan - Director


GSPB LTD (REGISTERED NUMBER: 04091043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

GSPB 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
Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents
Patents are valued at cost less accumulated amortisation.
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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).

GSPB LTD (REGISTERED NUMBER: 04091043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2022
and 31 March 2023 690
AMORTISATION
At 1 April 2022
and 31 March 2023 690
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2022
and 31 March 2023 48,976
DEPRECIATION
At 1 April 2022 45,853
Charge for year 624
At 31 March 2023 46,477
NET BOOK VALUE
At 31 March 2023 2,499
At 31 March 2022 3,123

6. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 1 1
Other investments not loans 473,667 473,667
473,668 473,668

GSPB LTD (REGISTERED NUMBER: 04091043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Annuity contracts value 473,667 473,667

Other investments comprise annuity contracts purchased from the directors and are shown at cost.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 431 431
Amounts due from associated
undertakings 733,060 733,060
733,491 733,491

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 4,722 4,722
Other creditors 24,000 24,000
Directors' current accounts 76,796 76,796
Accruals and deferred income 13,500 11,750
119,018 117,268