| REGISTERED NUMBER: |
| GA3P Limited |
| Unaudited Financial Statements |
| for the Year Ended 30th September 2024 |
| REGISTERED NUMBER: |
| GA3P Limited |
| Unaudited Financial Statements |
| for the Year Ended 30th September 2024 |
| GA3P Limited (Registered number: 08864546) |
| Contents of the Financial Statements |
| for the Year Ended 30th September 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| GA3P Limited |
| Company Information |
| for the Year Ended 30th September 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Accountants |
| 4th Floor |
| 100 Fenchurch Street |
| London |
| EC3M 5JD |
| GA3P Limited (Registered number: 08864546) |
| Statement of Financial Position |
| 30th September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| Fixed assets |
| Investment property | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets/(liabilities) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Fair value reserve |
| Retained earnings |
| The directors acknowledge their 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. |
| GA3P Limited (Registered number: 08864546) |
| Statement of Financial Position - continued |
| 30th September 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| GA3P Limited (Registered number: 08864546) |
| Notes to the Financial Statements |
| for the Year Ended 30th September 2024 |
| 1. | Statutory information |
| GA3P Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Revenue recognition |
| Turnover represents the total invoice value of the rental income during the year. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Investment property |
| Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. |
| Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. |
| If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| GA3P Limited (Registered number: 08864546) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2024 |
| 4. | Investment property |
| Total |
| £ |
| Fair value |
| At 1st October 2023 |
| and 30th September 2024 |
| Net book value |
| At 30th September 2024 |
| At 30th September 2023 |
| Fair value at 30th September 2024 is represented by: |
| £ |
| Valuation in 2016 | 595,371 |
| Valuation in 2019 | 300,000 |
| Valuation in 2022 | (50,000 | ) |
| Cost | 2,404,629 |
| 3,250,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2024 | 2023 |
| £ | £ |
| Cost | 2,404,629 | 2,404,629 |
| The investment property was valued on an open market basis on 30th September 2024 by the directors . |
| 5. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| 6. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| GA3P Limited (Registered number: 08864546) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2024 |
| 7. | Creditors: amounts falling due after more than one year - continued |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | 531,315 | 702,976 |
| The bank loan is repayable in equal quarterly instalments over fifteen years, with interest charged at a rate of 3.8%, fixed for ten years from September 2017. |
| 8. | Secured debts |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| The bank loan is secured by way of fixed and floating charges over all the property or undertaking of the company. |