REGISTERED NUMBER: 08420111 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

G P B PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P S Baker

G M Baker

REGISTERED OFFICE:

4th Floor

Tuition House

27/37 St Georges Road

Wimbledon

London

SW19 4EU

REGISTERED NUMBER:

08420111 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

FIXED ASSETS

Tangible assets

4

1,166

-

Investment property

5

1,400,000

1,400,000

1,401,166

1,400,000

CURRENT ASSETS

Cash at bank

8,723

14,145

CREDITORS

Amounts falling due within one year

6

586,021

430,487

NET CURRENT LIABILITIES

(577,298

)

(416,342

)

TOTAL ASSETS LESS CURRENT LIABILITIES

823,868

983,658

CREDITORS

Amounts falling due after more than one year

7

(393,337

)

(583,904

)

PROVISIONS FOR LIABILITIES

9

(40,832

)

(40,832

)

NET ASSETS

389,699

358,922

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

241,885

241,885

Retained earnings

147,714

116,937

SHAREHOLDERS' FUNDS

389,699

358,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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 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 Sections 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

P S Baker - Director

1.	STATUTORY INFORMATION

G P B Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

Due to the ongoing support of the company's principal shareholders the directors believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the forseeable future.

If the company were unable to continue in operational existence for the forseeable future, adjustments would be necessary to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. Included in these judgements and estimates are:

Investment properties - the company carries its investment properties at fair value, with changes in fair value being recognised in profit or loss. The key assumptions used by the director to determine the fair value included current market rents, transactions and yields for comparable properties in the surrounding area. However there is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Deferred tax - deferred tax is directly and indirectly impacted by the estimation uncertainty arising within the investment property valuation through the timing difference that exists between the valuation and the tax base cost of the properties.

Turnover

Turnover represents amounts receivable for rental income.

Revenue is recognised with reference to time as the period of rental progresses so that the amount of revenue reflects the actual right to consideration by reference to the period of rental covered. Rent not billed is included in debtors and payments on account, rent received in excess of the relevant amount of revenue is deferred to future periods to which it relates and included in deferred income within creditors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is carried at fair value determined annually by the director and derived from current market rents, transactions and yields for comparable property in the surrounding area. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. No depreciation is provided.

Financial instruments

Borrowing costs

Borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Borrowings are subsequently measured at amortised cost under the effective interest rate method, less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,399

At 31 March 2025

1,399

DEPRECIATION

Charge for year

233

At 31 March 2025

233

NET BOOK VALUE

At 31 March 2025

1,166

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,400,000

NET BOOK VALUE

At 31 March 2025

1,400,000

At 31 March 2024

1,400,000

Investment properties are included in the financial statements at the director, Mr P Baker's, best estimate of their open market value as at the balance sheet date, based on their experience of the trade and locality.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,257

Taxation and social security

8,110

8,986

Other creditors

577,911

411,244

586,021

430,487

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

393,337

583,904

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

10,257

The bank loans are secured by way of a charge on the property to the bank by way of a first legal mortgage and a personal guarantee by the director.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

40,832

40,832

Deferred

tax

£

Balance at 1 April 2024

40,832

Balance at 31 March 2025

40,832

10.	RELATED PARTY DISCLOSURES

At the balance sheet date £565,000 (2024 - £400,000) was owed to P S Baker Limited, a company in which the director is a director and shareholder. The loan is not secured, does not bear interest and has no repayment terms.

At the balance sheet date the director was owed £390,082 (2024 - £568,082). The loan is not secured, does not bear interest and is repayable in more than one year.