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COMPANY REGISTRATION NUMBER: 12513837
GP INVESTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 March 2024
GP INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
28 March 2024
28 Mar 24
30 Mar 23
Note
£
£
£
FIXED ASSETS
Investments
5
4
3
CURRENT ASSETS
Debtors
6
2,816,611
1,645,287
Cash at bank and in hand
4,098
157
------------
------------
2,820,709
1,645,444
CREDITORS: amounts falling due within one year
7
( 2,704,917)
( 1,505,324)
------------
------------
NET CURRENT ASSETS
115,792
140,120
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
115,796
140,123
---------
---------
NET ASSETS
115,796
140,123
---------
---------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
115,795
140,122
---------
---------
SHAREHOLDERS FUNDS
115,796
140,123
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 28 March 2024 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GP INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 March 2024
These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:
G Putson
Director
Company registration number: 12513837
GP INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 31 MARCH 2023 TO 28 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Park Avenue, Roundhay, Leeds, LS8 2JH.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue comprises interest recognised by the company in respect of loans supplied during the year.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to Nil (2023: 1 ).
5. INVESTMENTS
Shares in participating interests
£
Cost
At 31 March 2023
3
Additions
1
----
At 28 March 2024
4
----
Impairment
At 31 March 2023 and 28 March 2024
----
Carrying amount
At 28 March 2024
4
----
At 30 March 2023
3
----
6. DEBTORS
28 Mar 24
30 Mar 23
£
£
Other debtors
2,816,611
1,645,287
------------
------------
7. CREDITORS: amounts falling due within one year
28 Mar 24
30 Mar 23
£
£
Corporation tax
3,966
Social security and other taxes
494
495
Other creditors
2,704,423
1,500,863
------------
------------
2,704,917
1,505,324
------------
------------