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Registered number: 15483128
GMADV Property One Limited
Financial Statements
For the Period 12 February 2024 to 28 February 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of GMADV Property One Limited for the period 12 February 2024 to 28 February 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GMADV Property One Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of GMADV Property One Limited , as a body, in accordance with the terms of our engagement letter dated 03 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of GMADV Property One Limited and state those matters that we have agreed to state to the directors of GMADV Property One Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GMADV Property One Limited and its directors as a body for our work or for this report.
It is your duty to ensure that GMADV Property One Limited 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 or loss of GMADV Property One Limited . You consider that GMADV Property One Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of GMADV Property One Limited . 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 financial statements.
11th June 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Page 1
Page 2
Balance Sheet
Registered number: 15483128
28 February 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 30
Investment Properties 5 151,346
151,376
CURRENT ASSETS
Debtors 6 274
Cash at bank and in hand 637
911
Creditors: Amounts Falling Due Within One Year 7 (162,583 )
NET CURRENT ASSETS (LIABILITIES) (161,672 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,296 )
NET LIABILITIES (10,296 )
CAPITAL AND RESERVES
Called up share capital 8 2
Profit and Loss Account (10,298 )
SHAREHOLDERS' FUNDS (10,296)
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Page 3
For the period ending 28 February 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Giuseppe Di Vita
Director
11th June 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
GMADV Property One Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15483128 . The registered office is 1 Deep Street, Prestbury, Cheltenham, GL52 3AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
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4. Tangible Assets
Computer Equipment
£
Cost
As at 12 February 2024 -
Additions 40
As at 28 February 2025 40
Depreciation
As at 12 February 2024 -
Provided during the period 10
As at 28 February 2025 10
Net Book Value
As at 28 February 2025 30
As at 12 February 2024 -
5. Investment Property
28 February 2025
£
Fair Value
As at 12 February 2024 -
Additions 151,346
As at 28 February 2025 151,346
6. Debtors
28 February 2025
£
Due within one year
Other debtors 274
7. Creditors: Amounts Falling Due Within One Year
28 February 2025
£
Other creditors 162,583
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8. Share Capital
28 February 2025
£
Allotted, Called up and fully paid 2
9. Ultimate Controlling Party
The company's ultimate controlling party is Giuseppe Di Vita and Maria Alce Di Vita by virtue of thier ownership of 100% of the issued share capital in the company.
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