Registration number:
GP Property MDX Ltd
for the Year Ended 31 May 2024
GP Property MDX Ltd
Contents
for the Year Ended 31 May 2024
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
GP Property MDX Ltd
Company Information
for the Year Ended 31 May 2024
Directors |
D Pilcher A Pilcher |
Registered office |
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Registered number |
13371372 ( England and Wales ) |
Accountants |
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GP Property MDX Ltd
(Registration number: 13371372)
Balance Sheet as at 31 May 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Retained earnings |
(29,983) |
(26,993) |
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Shareholders' deficit |
(29,981) |
(26,991) |
For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
GP Property MDX Ltd
(Registration number: 13371372)
Balance Sheet as at 31 May 2024
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GP Property MDX Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue recognition
Turnover comprises the fair value of the consideration received in relation to rental income received from investment properties.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Investment property
GP Property MDX Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2024 |
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At 1 June |
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Additions |
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At 31 May |
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The fair value of investment properties have been arrived at on the basis of a valuation carried out at the year end by the directors. The valuation was made on an open market value basis by reference to market evidence of prices for similar properties.
Debtors |
Current |
2024 |
2023 |
Prepayments |
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- |
Other debtors |
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GP Property MDX Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
2024 |
2023 |
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Due after one year |
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Other non-current financial liabilities |
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Fixed charges were held over the investment properties of the company by lenders Kensington Mortgage Company Limited and Fleet Mortgages Limited. Each charge contains a negative pledge.
Related party transactions |
Transactions with directors |
2024 |
At 1 June 2023 |
Advances to director |
Repayments by director |
At 31 May 2024 |
Advances and credits |
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( |
- |
2023 |
At 1 June 2022 |
Advances to director |
At 31 May 2023 |
Advances and credits |
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Summary of transactions with entities with joint control or significant interest
At the year end date the company owed Pro Landscapes MDX Limited £401,148 (£411,108), a company under common control by the directors.