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REGISTERED NUMBER: 12715461 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GUNPUTH FAMILY OFFICE LTD

GUNPUTH FAMILY OFFICE LTD (REGISTERED NUMBER: 12715461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GUNPUTH FAMILY OFFICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: K R Gunputh





SECRETARY: J C Barrett





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 12715461 (England and Wales)





AUDITORS: Carter & Coley Limited
Chartered Accountants and Statutory Auditor
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

GUNPUTH FAMILY OFFICE LTD (REGISTERED NUMBER: 12715461)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325,567 331,039
Investment property 5 1,140,000 1,031,542
1,465,567 1,362,581

CURRENT ASSETS
Cash at bank 13,559 10,588

CREDITORS
Amounts falling due within one year 6 1,351,818 1,379,117
NET CURRENT LIABILITIES (1,338,259 ) (1,368,529 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,308

(5,948

)

PROVISIONS FOR LIABILITIES 27,115 -
NET ASSETS/(LIABILITIES) 100,193 (5,948 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Non-distributable reserve 7 81,344 -
Retained earnings 8,849 (15,948 )
SHAREHOLDERS' FUNDS 100,193 (5,948 )

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 director and authorised for issue on 28 March 2025 and were signed by:





K R Gunputh - Director


GUNPUTH FAMILY OFFICE LTD (REGISTERED NUMBER: 12715461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Gunputh Family Office Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents services provided during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on buildings and nil on land

Fixed assets are initially recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with the provisions of FRS 102 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The directors are of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.

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.


GUNPUTH FAMILY OFFICE LTD (REGISTERED NUMBER: 12715461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 July 2023
and 30 June 2024 341,983
DEPRECIATION
At 1 July 2023 10,944
Charge for year 5,472
At 30 June 2024 16,416
NET BOOK VALUE
At 30 June 2024 325,567
At 30 June 2023 331,039

GUNPUTH FAMILY OFFICE LTD (REGISTERED NUMBER: 12715461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,031,542
Revaluations 108,458
At 30 June 2024 1,140,000
NET BOOK VALUE
At 30 June 2024 1,140,000
At 30 June 2023 1,031,542

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 108,458
Cost 1,031,542
1,140,000

The investment properties at Suffolk Road and Wimborne Road have been professionally valued on 24 April 2024 and 27 January 2025 respectively. These valuations have been assessed by the directors as representing an accurate valuation of the properties as at 30 June 2024.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,800 -
Amounts owed to group undertakings 1,344,118 524,316
Other creditors - 850,000
Accruals and deferred income 3,900 4,801
1,351,818 1,379,117

7. RESERVES
Non-distributable
reserve
£   
Transfer 81,344

At 30 June 2024 81,344

The transfer on reserves relates to non-distributable revaluation gains.

GUNPUTH FAMILY OFFICE LTD (REGISTERED NUMBER: 12715461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Clark (Senior Statutory Auditor)
for and on behalf of Carter & Coley Limited

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the directors and shareholders of £nil (2023 - £850,000) which are included in creditors falling due within one year. This balance is interest free and repayable on demand.

The company has taken advantage of the exemption in FRS 102 in respect of the disclosure of related party transactions with group companies.

10. ULTIMATE PARENT COMPANY

The ultimate parent undertaking of the company is Luxurycare Holdings Limited, a company incorporated in England and Wales. Luxurycare Holdings Limited's registered office address is First Floor 5 Trinity House, 161 Old Christchurch Road, Bournemouth, Dorset, England, BH1 1JU.

The largest and smallest company which prepared group accounts in the group is Luxurycare Holdings Limited.