GPDRECORDS LTD

Company Registration Number:
15355835 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 16 December 2023

End date: 31 December 2024

GPDRECORDS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

GPDRECORDS LTD

Company Information

for the Period Ended 31 December 2024




Director: Ky-mani Marshall
Secretary: GPDRECORDS LTD
Registered office: Suite G04
1 Quality Court, Chancery Lane
London
England
WC2A 1HR
Company Registration Number: 15355835 (England and Wales)

GPDRECORDS LTD

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

GPDRECORDS LTD record label distributing records and receiving royalties from our artist making a multi-million income stream. Selling goods in person and online.

Directors

The director(s) shown below were appointed to the company during the period
Ky-mani Marshall
16 December 2023

Secretary
GPDRECORDS LTD

This report was approved by the board of directors on 20 January 2025
And Signed On Behalf Of The Board By:

Name: Ky-mani Marshall
Status: Director

GPDRECORDS LTD

Profit and Loss Account

for the Period Ended 31 December 2024


Notes
13 months to
31 Dec 2024
£
Gross turnover (not including turnover from inside OPW engagements) 450,000
Gross turnover from inside OPW engagements 10,000
Deductions from gross turnover from inside OPW engagements ( 7,000 )
Cost of sales ( 0 )
Gross Profit or (Loss) 453,000
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 0 )
Administrative Expenses ( 0 )
Other operating income 0
Operating Profit or (Loss) 453,000
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax 453,000
Tax on Profit ( 0 )
Profit or (Loss) for Period 453,000

The notes form part of these financial statements

GPDRECORDS LTD

Balance sheet

As at 31 December 2024


Notes
13 months to
31 Dec 2024
£
Fixed assets
Intangible assets: 5 100,000
Tangible assets: 6 100,000
Total fixed assets: 200,000
Current assets
Stocks: 0
Debtors: 7 0
Cash at bank and in hand: 0
Total current assets: 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 8 ( 0 )
Net current assets (liabilities): 0
Total assets less current liabilities: 200,000
Creditors: amounts falling due after more than one year: 9 ( 0 )
Provision for liabilities: ( 0 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): 200,000

The notes form part of these financial statements

GPDRECORDS LTD

Balance sheet continued

As at 31 December 2024


Notes
13 months to
31 Dec 2024
£
Capital and reserves
Called up share capital: 100,000
Revaluation reserve: 10 0
Profit and loss account: 100,000
Shareholders funds: 200,000

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 20 January 2025
And Signed On Behalf Of The Board By:

Name: Ky-mani Marshall
Status: Director

The notes form part of these financial statements

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    13 months to
    31 Dec 2024
    Average number of employees during the period 1

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Dividends

13 months to
31 Dec 2024
£
Dividends paid 1,250,000

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Intangible assets

Other Total
Cost £ £
Additions 50,000 50,000
Disposals ( 50,000 ) ( 50,000 )
Revaluations 50,000 50,000
Transfers 50,000 50,000
At 31 December 2024 100,000 100,000
Amortisation
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 December 2024 0 0
Net book value
Net book value at 31 December 2024 100,000 100,000

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Tangible assets

Land & buildings Total
Cost £ £
Additions 50,000 50,000
Disposals ( 0 ) ( 0 )
Revaluations 50,000 50,000
Transfers 0 0
At 31 December 2024 100,000 100,000
Depreciation
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 December 2024 0 0
Net book value
At 31 December 2024 100,000 100,000

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Debtors

13 months to
31 Dec 2024
£
Trade debtors 0
Prepayments and accrued income 0
Other debtors 0
Total 0
Debtors due after more than one year: 0

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8.Creditors: amounts falling due within one year note

13 months to
31 Dec 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 0
Total 0

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

9.Creditors: amounts falling due after more than one year

13 months to
31 Dec 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 0
Total 0

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

10. Revaluation reserve

13 months to
31 Dec 2024
£
Surplus or deficit after revaluation 0
Balance at 31 December 2024 0

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 11. Financial Commitments

    £22,000,000

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

12.1. Loans to Directors

Name of director receiving advance or credit: Ky-mani Marshall
Description of the transaction:
Tax return
Advances or credits made: 22,500,000
Advances or credits repaid: 5,000,000
Balance at 31 December 2024 17,500,000

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 13. Changes in presentation and prior period adjustments

    No payment has been made from my business account yet as I haven’t been taxed.

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

14.1.Related party disclosures

Name of related party: Ky-mani Marshall
Description of relationship:
Director
Description of the transaction:
Tax return. Directors loan.
Balance at 31 December 2024 17,500,000

GPDRECORDS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 15. Post balance sheet events

    16/12/2024