GMP Properties (Southampton) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10697250 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

GMP Properties (Southampton) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. S A Poswall

Mr G M P Poswall

REGISTERED OFFICE:

255 Portswood Road

Southampton

Hampshire

SO17 2NG

REGISTERED NUMBER:

10697250 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Investment property

4

490,000

CURRENT ASSETS

Debtors

5

437

380

Cash at bank

137,659

131,098

138,096

131,478

CREDITORS

Amounts falling due within one year

6

162,582

173,844

NET CURRENT LIABILITIES

(24,486

)

(42,366

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

465,514

447,634

PROVISIONS FOR LIABILITIES

70,339

NET ASSETS

395,175

377,295

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

211,018

Retained earnings

184,057

166,177

SHAREHOLDERS' FUNDS

395,175

377,295

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 15 December 2025 and were signed on its behalf by:

Mr. S A Poswall - Director

1.	STATUTORY INFORMATION

GMP Properties (Southampton) 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

490,000

NET BOOK VALUE

At 31 March 2025

490,000

At 31 March 2024

490,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

490,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

437

380

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Taxation and social security

4,358

6,125

Other creditors

158,224

167,719

162,582

173,844

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr. S A Poswall

Balance outstanding at start of year

29,400

47,470

Amounts repaid

-

(18,070

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

29,400

Mr G M P Poswall

Balance outstanding at start of year

-

Amounts advanced

2,300

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,300

-

8.	RELATED PARTY DISCLOSURES

The company was under the control of Mr G M Poswall throughout the current period.

The company has a 50% share in relation to "5 Onslow Road" a property jointly owed along with HAP Properties Ltd.

Included in "Other creditors" is a balance of £114,682 (2024: £114,682) which is monies owed to HAP Properties Ltd.