Registered number
13947851
Gunpowder Development Ltd
Filleted Accounts
31 March 2025
Gunpowder Development Ltd
Registered number: 13947851
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 11,342,386 11,342,386
Current assets
Debtors 4 84,000 254,066
Cash at bank and in hand 289 462,926
84,289 716,992
Creditors: amounts falling due within one year 5 (1,050,000) (5,578,929)
Net current liabilities (965,711) (4,861,937)
Total assets less current liabilities 10,376,675 6,480,449
Creditors: amounts falling due after more than one year 6 (10,536,870) (6,597,343)
Net liabilities (160,195) (116,894)
Capital and reserves
Called up share capital 1 1
Profit and loss account (160,196) (116,895)
Shareholder's funds (160,195) (116,894)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
S R Reeves
Director
Approved by the board on 04/06/2025
Gunpowder Development Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 11,342,386
At 31 March 2025 11,342,386
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 11,342,386
At 31 March 2024 11,342,386
4 Debtors 2025 2024
£ £
Trade debtors 84,000 252,369
Other debtors - 1,697
84,000 254,066
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - 229,354
Trade creditors - 751
Taxation and social security costs 42,000 41,577
Other creditors 1,008,000 5,307,247
1,050,000 5,578,929
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 10,536,870 6,595,646
Other creditors - 1,697
10,536,870 6,597,343
7 Other information
Gunpowder Development Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Sun Alley
Richmond
TW9 2PP
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