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Registration number: 10606083

GNP Assets Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

GNP Assets Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

GNP Assets Ltd

Company Information

Director

Mr G N Parlane

Registered office

3 Crewe Road
Sandbach
Cheshire
CW11 4NE

Accountants

Ardross Accountancy and Tax Services Limited
Accountants and Chartered Tax AdvisersIVtwo
Kintail House
Beechwood Business Park
Inverness
Highlands
IV2 3BW

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
GNP Assets Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GNP Assets Ltd for the year ended 31 March 2025 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of GNP Assets Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of GNP Assets Ltd and state those matters that we have agreed to state to the Board of Directors of GNP Assets Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GNP Assets Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that GNP Assets Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GNP Assets Ltd. You consider that GNP Assets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of GNP Assets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Bruce Marshall
Ardross Accountancy and Tax Services Limited
Accountants and Chartered Tax Advisers
IVtwo
Kintail House
Beechwood Business Park
Inverness
Highlands
IV2 3BW

1 May 2025

 

GNP Assets Ltd

(Registration number: 10606083)
Balance Sheet as at 31 March 2025

2025
£

2024
£

Fixed assets

5,043,233

5,257,764

Current assets

197,304

9,137

Creditors: Amounts falling due within one year

(4,044,938)

(4,384,265)

Net current liabilities

(3,847,634)

(4,375,128)

Total assets less current liabilities

1,195,599

882,636

Provisions for liabilities

(3,000)

(3,000)

Accruals and deferred income

(900)

(680)

 

1,191,699

878,956

Capital and reserves

1,191,699

878,956

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Crewe Road
Sandbach
Cheshire
CW11 4NE
England

These financial statements were authorised for issue by the director on 1 May 2025.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 4).

3

Related party transactions

Transactions with the director

 

GNP Assets Ltd

(Registration number: 10606083)
Balance Sheet as at 31 March 2025

2025

At 1 April 2024
£

Advances to director
£

At 31 March 2025
£

Mr G N Parlane

Director's loan

4,316,204

(393,727)

3,922,477

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

Mr G N Parlane

Director's loan

4,999,317

(683,113)

4,316,204

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 May 2025
 

.........................................
Mr G N Parlane
Director