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REGISTERED NUMBER: 06195450 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 March 2024

for

G P Property Development Limited

G P Property Development Limited (Registered number: 06195450)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G P Property Development Limited

Company Information
for the Year Ended 30 March 2024







DIRECTOR: Mr M Davies





REGISTERED OFFICE: Lilac House
High Street
Wroot
Doncaster
DN9 2BU





REGISTERED NUMBER: 06195450 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

G P Property Development Limited (Registered number: 06195450)

Balance Sheet
30 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,535 465

CURRENT ASSETS
Debtors 5 45,172 50,529
Cash at bank 35,679 44,865
80,851 95,394
CREDITORS
Amounts falling due within one year 6 30,504 43,911
NET CURRENT ASSETS 50,347 51,483
TOTAL ASSETS LESS CURRENT LIABILITIES 52,882 51,948

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 52,879 51,945
52,882 51,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2024 and were signed by:





Mr M Davies - Director


G P Property Development Limited (Registered number: 06195450)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

G P Property Development 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on 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.

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.

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 year was 2 (2023 - 2 ) .

G P Property Development Limited (Registered number: 06195450)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 31 March 2023 7,121
Additions 2,331
Disposals (691 )
At 30 March 2024 8,761
DEPRECIATION
At 31 March 2023 6,656
Charge for year 261
Eliminated on disposal (691 )
At 30 March 2024 6,226
NET BOOK VALUE
At 30 March 2024 2,535
At 30 March 2023 465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 45,019 47,046
Other debtors 153 3,483
45,172 50,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 6,690 1,192
Taxation and social security 21,656 32,386
Other creditors 2,158 10,333
30,504 43,911