Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10163763 2023-04-01 2024-03-31 10163763 2022-04-01 2023-03-31 10163763 2024-03-31 10163763 2023-03-31 10163763 c:Director2 2023-04-01 2024-03-31 10163763 d:Buildings 2023-04-01 2024-03-31 10163763 d:Buildings 2024-03-31 10163763 d:Buildings 2023-03-31 10163763 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10163763 d:FurnitureFittings 2023-04-01 2024-03-31 10163763 d:FurnitureFittings 2024-03-31 10163763 d:FurnitureFittings 2023-03-31 10163763 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10163763 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10163763 d:CurrentFinancialInstruments 2024-03-31 10163763 d:CurrentFinancialInstruments 2023-03-31 10163763 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10163763 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10163763 d:ShareCapital 2024-03-31 10163763 d:ShareCapital 2023-03-31 10163763 d:RetainedEarningsAccumulatedLosses 2024-03-31 10163763 d:RetainedEarningsAccumulatedLosses 2023-03-31 10163763 c:FRS102 2023-04-01 2024-03-31 10163763 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10163763 c:FullAccounts 2023-04-01 2024-03-31 10163763 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10163763 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10163763









GMP HOLDINGS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GMP HOLDINGS LIMITED
REGISTERED NUMBER: 10163763

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
666,571
572,517

  
666,571
572,517

Current assets
  

Debtors: amounts falling due within one year
 5 
628
814

Cash at bank and in hand
 6 
1,948
66,806

  
2,576
67,620

Creditors: amounts falling due within one year
 7 
(679,859)
(645,908)

Net current liabilities
  
 
 
(677,283)
 
 
(578,288)

Total assets less current liabilities
  
(10,712)
(5,771)

  

Net liabilities
  
(10,712)
(5,771)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(10,812)
(5,871)

Total equity
  
(10,712)
(5,771)


Page 1

 
GMP HOLDINGS LIMITED
REGISTERED NUMBER: 10163763
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Z Bond
Director

Date: 8 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

GMP Holdings Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London, N3 1LF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Fixtures and fittings
-
25%
reducing balance

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 4

 
GMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
GMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
569,653
10,053
579,706


Additions
94,770
-
94,770



At 31 March 2024

664,423
10,053
674,476



Depreciation


At 1 April 2023
-
7,189
7,189


Charge for the year on owned assets
-
716
716



At 31 March 2024

-
7,905
7,905



Net book value



At 31 March 2024
664,423
2,148
666,571


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
628
814



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,948
66,806


Page 6

 
GMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
458
6,643

Amounts owed to other participating interests
676,013
635,980

Other creditors
3,388
3,285

679,859
645,908


 
Page 7