Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investment property | 3 | - | |||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
Dr A A Khan | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Investment properties | ||||||||
Investment properties are measured initially at cost including transaction costs and thereafter stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from changes in the fair value of investment properties are recognised in the Profit and loss account in the year in which they arise. | ||||||||
Investment properties are measured initially at cost including transaction costs and thereafter stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from changes in the fair value of investment properties are recognised in the Profit and loss account in the year in which they arise. | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Pensions | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Investment property | |||||||
Freehold | ||||||||
investment | ||||||||
property | ||||||||
£ | ||||||||
Cost | ||||||||
Additions | ||||||||
At 30 June 2024 | ||||||||
Investment properties are stated at fair value as determined by the Directors. The fair value of the investment properties is not based upon external valuations and is inherently subjective. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms length transaction at the date of valuation. In determining the fair value of investment properties, the diretors make use of historical and current market data as well as existing lease agreements. As a result of the level of judgement used in arriving at the market valuations, the amounts which may ultimately be realised in respect of any given property may differ from the valuations shown in the balance sheet. The key assumptions made in the valuation of investment properties are: - the amount and timing of future income streams, - anticipated maintenance costs and other landlord's liabilities, and - an appropriate yeild Valuations of similar investment properties on the market have been considered and used as a basis for the valuation of investment properties shown in the balance sheet. |
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4 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Corporation tax | ||||||||
Other creditors | ||||||||
6 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
- | ( |
- | ||||||
- | 166,284 | (166,284) | - | |||||
The loan was repayable on demand. No interest was charged. | ||||||||
7 | Other information | |||||||
GP Genius Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Unit 9 Gemini Business Park | ||||||||
Sheepscar Way | ||||||||
Leeds | ||||||||
West Yorkshire | ||||||||
LS7 3JB |