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REGISTERED NUMBER: 08864546 (England and Wales)
















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: Mr A W Stanton
Mr P Williams
Mr G Henderson
Mr P F Richard
P C Murray





Registered office: 36 Graham Street
London
N1 8GJ





Registered number: 08864546 (England and Wales)





Accountants: Wilson Stevens
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 3,250,000 3,250,000

Current assets
Debtors 5 66,502 79,136
Cash at bank 302,087 250,020
368,589 329,156
Creditors
Amounts falling due within one year 6 352,490 338,905
Net current assets/(liabilities) 16,099 (9,749 )
Total assets less current liabilities 3,266,099 3,240,251

Creditors
Amounts falling due after more than one
year

7

(1,165,332

)

(1,309,009

)

Provisions for liabilities (159,643 ) (159,643 )
Net assets 1,941,124 1,771,599

Capital and reserves
Called up share capital 1,000 1,000
Fair value reserve 685,728 685,728
Retained earnings 1,254,396 1,084,871
1,941,124 1,771,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th June 2025 and were signed on its behalf by:





Mr G Henderson - Director


GA3P Limited (Registered number: 08864546)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. Statutory information

GA3P Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 5 (2023 - 5 ) .

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 3,250,000
Net book value
At 30th September 2024 3,250,000
At 30th September 2023 3,250,000

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 66,502 79,136

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 141,481 136,004
Trade creditors 70,361 70,361
Taxation and social security 63,099 54,391
Other creditors 77,549 78,149
352,490 338,905

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 1,165,332 1,309,009

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 1,306,813 1,445,013

The bank loan is secured by way of fixed and floating charges over all the property or undertaking of the company.