Registered number
12976893
G & P Investment Property Limited
Filleted Abridged Accounts
31 October 2023
G & P Investment Property Limited
Registered number: 12976893
Abridged Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 475,000 475,000
Current assets
Cash at bank and in hand 16,782 12,333
Creditors: amounts falling due within one year (15,363) (69,508)
Net current assets/(liabilities) 1,419 (57,175)
Total assets less current liabilities 476,419 417,825
Creditors: amounts falling due after more than one year (391,995) (336,995)
Net assets 84,424 80,830
Capital and reserves
Called up share capital 2,005 -
Revaluation reserve 4 86,668 86,668
Profit and loss account (4,249) (5,838)
Shareholders' funds 84,424 80,830
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr G Cox
Director
Approved by the board on 15 March 2024
G & P Investment Property Limited
Notes to the Abridged Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Total
£
Cost
At 1 November 2022 475,000
At 31 October 2023 475,000
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 475,000
At 31 October 2022 475,000
4 Revaluation reserve 2023 2022
£ £
At 1 November 2022 86,668 -
Gain on revaluation of land and buildings - 86,668
At 31 October 2023 86,668 86,668
5 Other information
G & P Investment Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
161 New Road
Ascot
Berkshire
SL5 8QA
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