IRIS Accounts Production v24.1.0.578 11141891 Board of Directors 1.8.22 31.7.23 31.7.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111418912022-07-31111418912023-07-31111418912022-08-012023-07-31111418912021-07-31111418912021-08-012022-07-31111418912022-07-3111141891ns15:EnglandWales2022-08-012023-07-3111141891ns14:PoundSterling2022-08-012023-07-3111141891ns10:Director12022-08-012023-07-3111141891ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3111141891ns10:SmallEntities2022-08-012023-07-3111141891ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3111141891ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3111141891ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3111141891ns10:FullAccounts2022-08-012023-07-3111141891ns10:Director22022-08-012023-07-3111141891ns10:RegisteredOffice2022-08-012023-07-3111141891ns5:CurrentFinancialInstruments2023-07-3111141891ns5:CurrentFinancialInstruments2022-07-3111141891ns5:Non-currentFinancialInstruments2023-07-3111141891ns5:Non-currentFinancialInstruments2022-07-3111141891ns5:ShareCapital2023-07-3111141891ns5:ShareCapital2022-07-3111141891ns5:RetainedEarningsAccumulatedLosses2023-07-3111141891ns5:RetainedEarningsAccumulatedLosses2022-07-3111141891ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3111141891ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3111141891ns10:Director222022-07-3111141891ns10:Director222021-07-3111141891ns10:Director222022-08-012023-07-3111141891ns10:Director222021-08-012022-07-3111141891ns10:Director222023-07-3111141891ns10:Director222022-07-31
REGISTERED NUMBER: 11141891 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

GSPM 1 Limited

GSPM 1 Limited (Registered number: 11141891)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GSPM 1 Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A Brown
S M Lynch





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 11141891 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

GSPM 1 Limited (Registered number: 11141891)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
CURRENT ASSETS
Debtors 4 520,980 552,570
Cash at bank 23 52
521,003 552,622
CREDITORS
Amounts falling due within one year 5 478,280 498,416
NET CURRENT ASSETS 42,723 54,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,723

54,206

CREDITORS
Amounts falling due after more than
one year

6

23,333

24,370
NET ASSETS 19,390 29,836

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,290 29,736
19,390 29,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

GSPM 1 Limited (Registered number: 11141891)

Balance Sheet - continued
31 July 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 30 July 2024 and were signed on its behalf by:





S M Lynch - Director


GSPM 1 Limited (Registered number: 11141891)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

GSPM 1 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.

GSPM 1 Limited (Registered number: 11141891)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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 NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by group undertakings 520,980 552,285
Other debtors - 285
520,980 552,570

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 3,111 3,111
Amounts owed to group undertakings - 61,700
Amounts owed to associates 26,596 26,596
Taxation and social security 200 591
Other creditors 448,373 406,418
478,280 498,416

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 23,333 24,370

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,889 11,926

GSPM 1 Limited (Registered number: 11141891)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
A Brown
Balance outstanding at start of year - (190,331 )
Amounts advanced - 190,331
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

8. RELATED PARTY DISCLOSURES

Included within other debtors, is an amount of £nil, (2022 £552,285), owing from Garden State Property Management Limited, a company under the control of Mr S M Lynch.

Included within other debtors, is an amount of £520,980 (2022 £61,700, creditor), owing from GSPM Limited, a company under the control of Mr S M Lynch.

Included within other creditors, is an amount of £26,596, (2022 £26,596), owing to Training Strategies Limited, a company under the control of Mr S M Lynch.

All loans are interest free and repayable on demand.