REGISTERED NUMBER: |
GPL (Holdings) 2014 Ltd |
Financial Statements |
for the Year Ended 31 March 2024 |
REGISTERED NUMBER: |
GPL (Holdings) 2014 Ltd |
Financial Statements |
for the Year Ended 31 March 2024 |
GPL (Holdings) 2014 Ltd (Registered number: 09306643) |
Contents of the Financial Statements |
for the year ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GPL (Holdings) 2014 Ltd |
Company Information |
for the year ended 31 March 2024 |
Directors: |
Registered office: |
Registered number: |
GPL (Holdings) 2014 Ltd (Registered number: 09306643) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
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. |
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 |
GPL (Holdings) 2014 Ltd (Registered number: 09306643) |
Notes to the Financial Statements |
for the year ended 31 March 2024 |
1. | Statutory information |
GPL (Holdings) 2014 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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £. |
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. |
Profit and loss account |
The Company has not traded during the year or the preceding financial period. During this time the Company received no income and incurred no expenditure and therefore no Profit and Loss account is presented in these financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and |
subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the Income Statement. |
A subsidiary is an entity controlled by the Company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. |
Financial instruments |
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the Company's balance sheet when the Company becomes a party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Basic financial assets |
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Financial assets classified as receivable within one year are not amortised. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. |
GPL (Holdings) 2014 Ltd (Registered number: 09306643) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
2. | Accounting policies - continued |
Basic financial liabilities |
Basic financial liabilities, including loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value fo future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Equity instruments |
Equity instruments issued by the Company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2023 |
and 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
The Company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Bridewell Gate, 9 Bridewell Place, London, EC4V 6AW |
Nature of business: |
% |
Class of shares: | holding |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed to group undertakings |
7. | Ultimate controlling party |
The ultimate controlling party is M J Crader, by virtue of his controlling interest in Grainmarket Properties Limited. |
GPL (Holdings) 2014 Ltd (Registered number: 09306643) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
8. | Parent company |
The results of the Company are included in the consolidated financial statements of Grainmarket Properties Limited. The consolidated accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ. |