GTP ONE LIMITED


Directors	HEENAN, Thomas Michael
	WILLIAMS, Glynn Griffith


Registered Address	61 Bridge Street Bridge Street
	Kington
	HR5 3DJ


Registered Number	13862124 (England and Wales)

Statement of Financial Position
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		464,212		464,665
			464,212		464,665
Current assets
Stocks	4	85,379		62,679
Debtors		531		296
Cash at bank and on hand		2,941		1,960
		88,851		64,935
Creditors amounts falling due within one year	5	(420)		(575)
Net current assets (liabilities)			88,431		64,360
Total assets less current liabilities			552,643		529,025
Creditors amounts falling due after one year	6		(564,598)		(536,207)
Net assets			(11,955)		(7,182)
Capital and reserves
Called up share capital			200		200
Profit and loss account			(12,155)		(7,382)
Shareholders' funds			(11,955)		(7,182)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 October 2025, and are signed on its behalf by:

HEENAN, Thomas Michael
Director
Registered Company No. 13862124

GTP ONE LIMITED

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: No depreciation policy for Land & Buildings.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 February 24	463,570	1,359	464,929
At 31 January 25	463,570	1,359	464,929
Depreciation and impairment
At 01 February 24	-	264	264
Charge for year	-	453	453
At 31 January 25	-	717	717
Net book value
At 31 January 25	463,570	642	464,212
At 31 January 24	463,570	1,095	464,665

4.	Stocks

	2025	2024
	£	£
Work in progress	85,379	62,679
Total	85,379	62,679

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	155
Accrued liabilities and deferred income	420	420
Total	420	575

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	564,598	536,207
Total	564,598	536,207


	A credit balance of £564,598 (2024- £536,207) existed on the director loan account of Mr Tom Heenan at year end. The loan is unsecured and repayable on demand.

7.	Related party transactions
	The company received services to the value of £20,000 (2023- £48,000) from Gray & Bear Ltd an associated company.