2024-04-01 04539341 2025-03-31 04539341 2024-04-01 2025-03-31 04539341 2024-03-31 04539341 2023-04-01 2024-03-31 04539341 uk-core:WithinOneYear 2024-03-31 04539341 uk-core:WithinOneYear 2025-03-31 04539341 uk-core:ShareCapital 2025-03-31 04539341 uk-core:ShareCapital 2024-03-31 04539341 uk-core:RevaluationReserve 2025-03-31 04539341 uk-core:RevaluationReserve 2024-03-31 04539341 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 04539341 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04539341 uk-bus:Director1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure 04539341 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04539341 uk-bus:FRS102 2024-04-01 2025-03-31 04539341 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 04539341 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31

GB Asset Management Limited

Registered Number:04539341

For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements

2
For the year ended 31 March 2025
GB Asset Management Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3

Registered Number :

04539341

As at 31 March 2025

GB Asset Management Limited
Statement of Financial Position

Restated

£

£

2024
2025

Notes

Fixed assets

Property, plant and equipment

805,000
805,000
2
805,000
805,000

Current assets

Trade and other receivables

270,327
130,322
3
37,069

Cash and cash equivalents

220,719
351,041
307,396

Trade and other payables: amounts falling due within one
year

(10,174)
(60,129)
4
297,222
290,912
Net current assets

Total assets less current liabilities

1,095,912
1,102,222
1,095,912
Net assets
1,102,222

Capital and reserves

Called up share capital

100
100

Revaluation reserve

312,493
312,493
5

Retained earnings

783,319
789,629
1,095,912
1,102,222
Shareholders' funds

For the year ended 31 March 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

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

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

Gary Paul Gardner Director

These financial statements were approved and authorised for issue by the Board on 10 September 2025 and were signed by:

The notes form part of these financial statements

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4
For the year ended 31 March 2025
GB Asset Management Limited
Notes to the Financial Statements
Statutory Information

GB Asset Management Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04539341.

Registered address:

The Homestead
Frog Lane
Latham
Ormskirk
L40 4BJ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

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

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Investment property

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2. Property, plant and equipment

Land and
buildings

£

Cost or
valuation

At 01 April 2024

805,000

At 31 March 2025

805,000

At 31 March 2025

Net book value

805,000

At 31 March 2024

805,000
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5
For the year ended 31 March 2025
GB Asset Management Limited
Notes to the Financial Statements Continued

3. Trade and other receivables

2024
2025

£

£

Other debtors

130,322
270,327

4. Trade and other payables: amounts falling due within one year

2024
2025

£

£

Taxation and social security

503
5,227

Other creditors

59,626
4,947
60,129
10,174

5. Reserves

Total

£

Revaluation reserve at 01 April 2024

312,493
312,493

Revaluation reserve at 31 March 2025

6. Average number of persons employed

During the year the average number of employees was 2 (2024 : 2)
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