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REGISTERED NUMBER: 08934615 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

General Property Management Limited

General Property Management Limited (Registered number: 08934615)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


General Property Management Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs V Burke





REGISTERED OFFICE: 5 Folleigh Close
Long Ashton
Bristol
Somerset
BS41 9HX





REGISTERED NUMBER: 08934615 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

General Property Management Limited (Registered number: 08934615)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 932,913 932,913

CURRENT ASSETS
Debtors 5 3,508 3,757
Cash at bank 219,107 200,788
222,615 204,545
CREDITORS
Amounts falling due within one year 6 363,209 367,038
NET CURRENT LIABILITIES (140,594 ) (162,493 )
TOTAL ASSETS LESS CURRENT LIABILITIES 792,319 770,420

PROVISIONS FOR LIABILITIES 7,628 -
NET ASSETS 784,691 770,420

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 32,520 40,148
Retained earnings 752,071 730,172
SHAREHOLDERS' FUNDS 784,691 770,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 31 March 2025 and were signed by:





Mrs V Burke - Director


General Property Management Limited (Registered number: 08934615)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

General Property Management Limited 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 rents receivable, excluding value added tax.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 932,913
NET BOOK VALUE
At 31 December 2024 932,913
At 31 December 2023 932,913

General Property Management Limited (Registered number: 08934615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2023 40,148
Cost 892,765
932,913

Investment properties were valued at open market value on 31 December 2024 by Mrs V Burke, the director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 1,500 1,500
Prepayments and accrued income 2,008 2,257
3,508 3,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 4,302 5,915
Social security and other taxes 1,671 1,302
VAT 951 1,237
Other creditors 7,250 6,250
Directors' current accounts 333,419 333,064
Accruals and deferred income 14,230 17,950
Accrued expenses 1,386 1,320
363,209 367,038

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100