GATEACRE PARK MOTORS LIMITED

Company Registration Number:
06649656 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

GATEACRE PARK MOTORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

GATEACRE PARK MOTORS LIMITED

Company Information

for the Period Ended 31 July 2024




Director: john collins
Registered office: Essar House
Unit 14
Thurne Way
Liverpool
England
L25 4SQ
Company Registration Number: 06649656 (England and Wales)

GATEACRE PARK MOTORS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 724,926 545,142
Total fixed assets: 724,926 545,142
Current assets
Stocks: 31,236 34,624
Debtors: 35,726 24,487
Cash at bank and in hand: 39,679 68,909
Total current assets: 106,641 128,020
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 42,636 ) ( 65,106 )
Net current assets (liabilities): 64,005 62,914
Total assets less current liabilities: 788,931 608,056
Creditors: amounts falling due after more than one year: ( 488,364 ) ( 313,779 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 300,567 294,277

The notes form part of these financial statements

GATEACRE PARK MOTORS LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 40,000 40,000
Revaluation reserve: 5 179,784 124,518
Profit and loss account: 80,783 129,759
Shareholders funds: 300,567 294,277

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: john collins
Status: Director

The notes form part of these financial statements

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 12 10

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 545,142
Additions -
Disposals -
Revaluations 179,784
Transfers -
At 31 July 2024 724,926
Depreciation
At 01 August 2023 -
Charge for year -
On disposals -
Other adjustments -
At 31 July 2024 -
Net book value
At 31 July 2024 724,926
At 31 July 2023 545,142

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Revaluation reserve


2024
£
Balance at 01 August 2023 124,518
Surplus or deficit after revaluation 55,266
Balance at 31 July 2024 179,784