GPM360 Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

GPM360 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08172558 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.

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.

Presentation currency

The accounts are presented in £ sterling and rounded to the nearest £1.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following

rates in order to write off the assets over their estimated useful lives:

Freehold	2% straight-line
Plant & Machinery	25% straight-line
Motor Vehicles	25% straight-line
Computer Equipment	25% straight-line

2.4. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line

basis over the lease term.

2.5. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets

and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related

parties and investments in non-puttable ordinary shares.

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GPM360 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are

recognised in the profit and loss account when due.

2.8. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when

paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.11. Interest income

Interest income is recognised in the statement of income and retained earnings using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2023: 12)

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GPM360 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	1,530,176	241,089	-	-	1,771,265
Additions	-	128,697	54,313	12,255	195,265
Disposals	-	(273,742 )	(54,313 )	(12,255 )	(340,310 )

As at 31 December 2024	1,530,176	96,044	-	-	1,626,220

Depreciation
As at 1 January 2024	30,604	241,089	-	-	271,693
Provided during the period	30,604	-	-	-	30,604
Disposals	-	(145,045 )	-	-	(145,045 )

As at 31 December 2024	61,208	96,044	-	-	157,252

Net Book Value
As at 31 December 2024	1,468,968	-	-	-	1,468,968

As at 1 January 2024	1,499,572	-	-	-	1,499,572

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	450,599	276,572
Prepayments and accrued income	54,074	101,091
Other debtors	265,245	268,302
Amounts owed by group undertakings	163,658	166,053

	933,576	812,018

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	9,723	38,981
Trade creditors	210,246	127,535
Bank loans and overdrafts	45,694	42,237
Corporation tax	200,907	57,338
Other taxes and social security	105,820	71,419
Other creditors	4,978	194,220
Accruals and deferred income	662,088	460,767
Amounts owed to group undertakings	41,031	-

	1,280,487	992,497

Obligations under finance lease and hire purchase contracts are secured againse the assets they relate to.

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GPM360 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	9,718
Bank loans	919,454	964,960

	919,454	974,678

Obligations under finance lease and hire purchase contracts are secured againse the assets they relate to.

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	345,207	374,892

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Miss Jillian Lee	203,384	115,851	118,070	-	201,165

The above loan is unsecured and repayable on demand. Interest is being charged on the loan at the HMRC official rate of interest.

11. Related Party Transactions

The Company has taken the exemption under FRS102 Section 33.1A not to disclose transactions and balances with other

members of the group on the basis they are wholly owned.

During the year, the Company was charged rent of £12,000 by the ultimate controlling party, Miss J P Lee. Of this, £1,000 (2023: £Nil) was included in trade creditors at the year end.

During the year, the Company recharged various costs amounting to £218,359 (2023: £57,257) to 360 Media Sales Ltd, a fellow subsidiary of its parent, GPM 360 Holdings Limited. At the year-end, the Company was owed £32,087 as an trade debtor (2023 - £29,715) and owed £4,193 as an trade creditor (2023 - £538), plus £3,735 (2023: nil) included within creditors.

The Company repaid £190,000 to 360 Media Sales Ltd. At the year end, the outstanding balance was £Nil (2023: £190,000, which was interest free and repayable on demand).

12. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is GPM360 Holdings Limited . GPM360 Holdings Limited was incorporated in England and Wales. Copies of the group accounts may be obtained from the secretary, Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ . The ultimate controlling party is Miss J P Lee who controls 100% of the shares of GPM360 Limited .

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,468,968		1,499,572

			1,468,968		1,499,572
CURRENT ASSETS
Debtors	5	933,576		812,018
Cash at bank and in hand		741,587		445,345

		1,675,163		1,257,363
Creditors: Amounts Falling Due Within One Year	6	(1,280,487 )		(992,497 )

NET CURRENT ASSETS (LIABILITIES)			394,676		264,866

TOTAL ASSETS LESS CURRENT LIABILITIES			1,863,644		1,764,438

Creditors: Amounts Falling Due After More Than One Year	7		(919,454 )		(974,678 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(345,207 )		(374,892 )

NET ASSETS			598,983		414,868

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			598,982		414,867

SHAREHOLDERS' FUNDS			598,983		414,868