Geps Investments Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 00718988 (England and Wales)
Geps Investments Limited
Company Information
Directors
S Donnelly
S Heil
D Mitchell
P McMinn Mitchell
P Mitchell
Secretary
P. Mitchell
Company number
00718988
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Geps Investments Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Geps Investments Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
438
584
Investment properties
4
1,603,272
1,603,272
Investments
5
158,455
143,888
1,762,165
1,747,744
Current assets
Debtors
6
3,378
9,524
Cash at bank and in hand
126,203
100,225
129,581
109,749
Creditors: amounts falling due within one year
7
(19,403)
(14,114)
Net current assets
110,178
95,635
Total assets less current liabilities
1,872,343
1,843,379
Capital and reserves
Called up share capital
8
100
100
Other reserves
28,070
28,070
Profit and loss reserves
1,844,173
1,815,209
Total equity
1,872,343
1,843,379
Geps Investments Limited
Balance Sheet (Continued)
As at 31 March 2024
Page 2

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 6 August 2024 and are signed on its behalf by:
P  Mitchell
Director
Company Registration No. 00718988
Geps Investments Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 3
1
Accounting policies
Company information

Geps Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

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 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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income receivable, net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
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.

Geps Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
Page 4
1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 5 (2021: 5)

3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023 and 31 March 2024
3,282
Depreciation and impairment
At 1 April 2023
2,698
Depreciation charged in the year
146
At 31 March 2024
2,844
Carrying amount
At 31 March 2024
438
At 31 March 2023
584
4
Investment property
2024
£
Fair value
At 1 April 2023 and 31 March 2024
1,603,272
Geps Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
4
Investment property
(Continued)
Page 5

Investment property comprises three properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out in August 2019 by Maunder Taylor Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
158,455
143,888
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2023
143,888
Additions
5,007
Valuation changes
10,694
Platform charges
(1,134)
At 31 March 2024
158,455
Carrying amount
At 31 March 2024
158,455
At 31 March 2023
143,888
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,500
7,859
Prepayments and accrued income
1,878
1,665
3,378
9,524
Geps Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 6
7
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
17,378
12,889
Other creditors
25
25
Accruals and deferred income
2,000
1,200
19,403
14,114
8
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
400 Ordinary shares of 25p each
100
100
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