GPML North Farm Road Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13876247

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,850,000		1,792,701

			1,850,000		1,792,701
CURRENT ASSETS
Debtors	5	1,327,644		1,928,787
Cash at bank and in hand		-		854

		1,327,644		1,929,641
Creditors: Amounts Falling Due Within One Year	6	(2,292,240 )		(2,291,062 )

NET CURRENT ASSETS (LIABILITIES)			(964,596 )		(361,421 )

TOTAL ASSETS LESS CURRENT LIABILITIES			885,404		1,431,280

Creditors: Amounts Falling Due After More Than One Year	7		(653,753 )		(1,735,123 )

NET ASSETS/(LIABILITIES)			231,651		(303,843 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Revaluation reserve	9		521,011		-
Profit and Loss Account			(289,361 )		(303,844 )

SHAREHOLDERS' FUNDS			231,651		(303,843)

Page 1

Page 2

GPML North Farm Road Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Lee Phelps

Director

14/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

GPML North Farm Road Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13876247 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.

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 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.

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:

Freehold

NIL

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 February 2024	1,792,701
Disposals	(463,712 )
Revaluation	521,011

As at 31 January 2025	1,850,000

Net Book Value
As at 31 January 2025	1,850,000

As at 1 February 2024	1,792,701

Page 3

Page 4

GPML North Farm Road Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Intercompany loans	1,327,644	1,928,787

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,278,638	2,278,520
Other creditors	11,982	10,982
Accruals and deferred income	1,620	1,560

	2,292,240	2,291,062

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

	2025	2024
	£	£
Bank loans	653,753	1,735,123

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Reserves

	Revaluation Reserve
	£
Transfer to profit and loss	521,011

As at 31 January 2025	521,011

10. Related Party Transactions

Included in the Other Debtors is an amount owed from GPML Property Services Ltd totalling £824,174 (2024 - £1,917,562), for which Mr L Phelps is a director. No interest is to be charged and no repayment terms have been agreed.

Included in the Other Debtors is an amount owed from GPML Construction Ltd totalling £18,470 (2024- £11,225), for which Mr L Phelps is a director. No interest is to be charged and no repayment terms have been agreed.

Included in the Other Debtors is an amount owed from GPML Ethelbert Crescent Limited totalling £485,000 (2024- £0), for which Mr L Phelps is a director. No interest is to be charged and no repayment terms have been agreed.

Page 4