GPC Management Limited - Filleted accounts

Registered number

03454904

GPC Management Limited

Filleted Accounts

31 March 2025

GPC Management Limited
Registered number:		03454904
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	1,242			8,442
Cash at bank and in hand		43,084			4,311
		44,326			12,753

Creditors: amounts falling due within one year	4	(44,326)			(12,753)

Net current assets			-			-

Net assets			-			-

Capital and reserves

Shareholder's funds			-			-

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr A Mistry
Director
Approved by the board on 26 November 2025

GPC Management Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	GPC Management Limited ("the company") is a company limited by guarantee incorporated and domiciled in the United Kingdom. The address of its registered office is disclosed on the company information page. The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 31 March 2025 (2024: year ended 31 March 2024) The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Turnover
	Turnover comprises service charge income which represents maintenance, management and other adminstrative costs receivable from the owners or occupiers of units on the site. Amounts are charged quartely on account and any surplus or deficit is refunded or recharged to the relevant parties. Any surplus is held in other creditors at the balance sheet date. Turnover is recognised the the extent that it is probable that the economic benefits will flow to the company and the turnover can reliably be measured. Turnover is measured as the fair value of the consideration received or receivable, excluding Value Added Tax

	Employees
	The company has no employees other than the director, who did not receive any remuneration (2024:£Nil)

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Financial Instruments
	The company only enters into basic financial instrumen transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors All financial assets and liabilities are intially measured at transaction price and subsequently at amortised cost. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and best estimate, which is an appromixation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Member's guarantees
	The company is limited by guarantee and has no share capital. Every member, while is a member or within one year after he ceased to be a member, on a winding up, undertakes to contribute such an amount as may be required (not exceeding £1) to the company's debts and liabilities.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Debtors		2025		2024
£				£

	Trade debtors		-		7,637
	Other debtors		1,242		805
			1,242		8,442


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		360		360
	Taxation and social security costs		-		(1,444)
	Other creditors		43,966		13,837
			44,326		12,753


5	Other information

	GPC Management Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
	Office A, Ground Floor
	Outrams Wharf
	Little Eaton
	Derby
	DE21 5EL