Registered number
10773767
Gospel Partnerships International Limited
Filleted Accounts
31 May 2024
Gospel Partnerships International Limited
Registered number: 10773767
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 353,830 -
Investments held as current assets 4 100,000 300,800
Cash at bank and in hand 432,891 299,767
886,721 600,567
Creditors: amounts falling due within one year 5 (169,705) (52,837)
Net current assets 717,016 547,730
Net assets 717,016 547,730
Capital and reserves
Called up share capital 100 100
Profit and loss account 716,916 547,630
Shareholders' funds 717,016 547,730
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Ayokunle Akinwolemiwa
Director
Approved by the board on 14 April 2025
Gospel Partnerships International Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 3
3 Debtors 2024 2023
£ £
Other debtors 353,830 -
4 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 100,000 300,800
The company holds an investment of £100,000 in Eden Crown Limited, an unlisted entity. Eden Crown Limited has remained dormant since the time of investment, and no returns have been received to date.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,000 2,042
Corporation tax 86,429 34,301
Other taxes and social security costs 77,087 16,494
Other creditors 3,189 -
169,705 52,837
6 Related party transactions
Other debtors include a loan of £353,830 (2023 - £Nill) to the subsidiary, Body Crush London Ltd. This includes an amount of £200,800 from the year ending 31 May 2023 previously shown as an investment, which has now been reclassified as a debtor's balance.
7 Controlling party
Adeola Adejoke Phillips is the ultimate controlling party.
8 Other information
Gospel Partnerships International Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Deancoopers
Suite 4, Cranbrook House
61 Cranbrook Road
Ilford, Essex
IG1 4PG
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