Company Registration No. 07990678 (England and Wales)
Gp Property Advisors Limited
Unaudited accounts
for the year ended 31 March 2025
Gp Property Advisors Limited
Unaudited accounts
Contents
Gp Property Advisors Limited
Company Information
for the year ended 31 March 2025
Company Number
07990678 (England and Wales)
Registered Office
C/O 20 Wynnstay Road
Colwyn Bay
LL29 8NB
Wales
Accountants
Power Accountants, Business and Tax Advisors Limited
Royal House, 14 Upper Northgate Street
Chester
CH1 4EE
Gp Property Advisors Limited
Statement of financial position
as at 31 March 2025
Tangible assets
57,955
71,986
Cash at bank and in hand
8,083
31,381
Creditors: amounts falling due within one year
(94,002)
(95,732)
Net current assets
48,128
32,742
Total assets less current liabilities
106,083
104,728
Provisions for liabilities
Deferred tax
(13,700)
(13,700)
Called up share capital
100
100
Profit and loss account
92,283
90,928
Shareholders' funds
92,383
91,028
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 December 2025 and were signed on its behalf by
Glyn Parry
Director
Company Registration No. 07990678
Gp Property Advisors Limited
Notes to the Accounts
for the year ended 31 March 2025
Gp Property Advisors Limited is a private company, limited by shares, registered in England and Wales, registration number 07990678. The registered office is C/O 20 Wynnstay Road, Colwyn Bay, LL29 8NB, Wales.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with the provisions of Section 1A"Small Entities “of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax.
When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible.
Gp Property Advisors Limited
Notes to the Accounts
for the year ended 31 March 2025
Related Party Transactions
The Company is exempt from the requirement to disclose related party transactions under Section 1A of FRS 102, as it meets the definition of a small company in accordance with the Companies Act 2006. The directors confirm that there were no related party transactions during the year ended 28th February 2023 that are required to be disclosed under FRS 102.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
128,849
38,343
167,192
At 31 March 2025
128,849
43,630
172,479
At 1 April 2024
71,380
23,826
95,206
Charge for the year
14,368
4,950
19,318
At 31 March 2025
85,748
28,776
114,524
At 31 March 2025
43,101
14,854
57,955
At 31 March 2024
57,469
14,517
71,986
Amounts falling due within one year
Trade debtors
40,800
5,548
Accrued income and prepayments
3,988
3,626
Other debtors
89,259
87,919
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,048
11,036
Obligations under finance leases and hire purchase contracts
4,734
17,107
Taxes and social security
23,579
3,321
Loans from directors
-
18,052
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Average number of employees
During the year the average number of employees was 3 (2024: 3).