Gaynor Sports Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13279754

GAYNOR SPORTS PROPERTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 January 2025

GAYNOR SPORTS PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	4		1,687,057	1,690,682

CURRENT ASSETS

Debtors	5	2,547	1,309
Cash at bank and in hand		4,407	2,343
		--------	--------
		6,954	3,652

CREDITORS: amounts falling due within one year	6	1,784,102		1,757,571
		--------------		--------------
NET CURRENT LIABILITIES			1,777,148	1,753,919
			--------------	--------------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 90,091)	( 63,237)
			---------	---------
NET LIABILITIES			( 90,091)	( 63,237)
			---------	---------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	( 90,092)	( 63,238)
	---------	---------
SHAREHOLDERS DEFICIT	( 90,091)	( 63,237)
	---------	---------

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GAYNOR SPORTS PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 4 July 2025 , and are signed on behalf of the board by:

Mr P M Gaynor

Director

Company registration number: 13279754

GAYNOR SPORTS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st JANUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is High Raise, Keldwyth Drive, Troutbeck Bridge, Windermere, LA23 1NJ.

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.

TANGIBLE ASSETS

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

DEPRECIATION

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

IMPAIRMENT OF FIXED ASSETS

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. TANGIBLE ASSETS

Freehold property	Fixtures and fittings	Total
£	£	£

Cost
At 1st February 2024	1,643,852	64,816	1,708,668
Additions	–	3,988	3,988
	--------------	---------	--------------
At 31st January 2025	1,643,852	68,804	1,712,656
	--------------	---------	--------------
Depreciation
At 1st February 2024	–	17,986	17,986
Charge for the year	–	7,613	7,613
	--------------	---------	--------------
At 31st January 2025	–	25,599	25,599
	--------------	---------	--------------
Carrying amount
At 31st January 2025	1,643,852	43,205	1,687,057
	--------------	---------	--------------
At 31st January 2024	1,643,852	46,830	1,690,682
	--------------	---------	--------------

5. DEBTORS

	2025	2024
	£	£

Other debtors	2,547	1,309
	--------	--------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£

Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,783,730	1,757,434
Other creditors	372	137
	--------------	--------------
	1,784,102	1,757,571
	--------------	--------------