Registered number
15120460
GAP Partners Limited
Filleted Accounts
30 September 2024
GAP Partners Limited
Registered number: 15120460
Balance Sheet
as at 30 September 2024
Notes 2024
£
Fixed assets
Tangible assets 3 310,778
Current assets
Debtors 4 10,785
Cash at bank and in hand 222
11,007
Creditors: amounts falling due within one year 5 (321,622)
Net current liabilities (310,615)
Net assets 163
Capital and reserves
Called up share capital 100
Profit and loss account 63
Shareholders' funds 163
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.
G Tropea
Director
Approved by the board on 28 May 2025
GAP Partners Limited
Notes to the Accounts
for the period from 6 September 2023 to 30 September 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2024
Number
Average number of persons employed by the company 3
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 310,778
At 30 September 2024 310,778
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 310,778
4 Debtors 2024
£
Other debtors 10,785
5 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 221,250
Amounts owed to group undertakings and undertakings in which the company has a participating interest 100,000
Other creditors 372
321,622
6 Controlling party
The company is controlled by G Tropea, P Tropea and A Tropea on the basis that together they control 100% of the issued share capital in the company.
7 Other information
GAP Partners Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pennyweights
Kenley
CR8 5HB
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