15144883 false The ownership and rental of residential property 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2024-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-03-31 http://www.companieshouse.gov.uk/cd:Director1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-03-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-03-31 http://www.companieshouse.gov.uk/2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2024-03-31 http://www.companieshouse.gov.uk/cd:FRS102 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2025-03-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:LandBuildings 2024-03-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:LandBuildings 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15144883
GPC ASSETS LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

GPC ASSETS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
GURPREET SINGH
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 15144883
BANKERS
BARCLAYS BANK UK PLC
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

GPC ASSETS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

GPC ASSETS LTD

BALANCE SHEET AT 31/03/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 382,703 |  |  |  | 390,686
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Debtors |  | 4 |  | 1,300 |  |  |  | 1,768 |  |
Cash at bank and in hand |  |  |  | 450 |  |  |  | 217 |  |
|  |  |  | 1,750 |  |  |  | 1,985 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 142,160 |  |  |  | 152,618 |  |
NET CURRENT LIABILITIES |  |  |  |  |  | (140,410) |  |  |  | (150,633)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 242,293 |  |  |  | 240,053
CREDITORS: Amounts falling due after more than one year |  | 6 |  |  |  | 247,605 |  |  |  | 247,605
NET LIABILITIES |  |  |  |  |  | (5,312) |  |  |  | (7,552)
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 7 |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  |  | (5,412) |  |  |  | (7,652)
SHAREHOLDERS' FUNDS |  |  |  |  |  | (5,312) |  |  |  | (7,552)
For the year ending 31/03/2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/12/2025 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
GURPREET SINGH |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

GPC ASSETS LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1b. Going Concern
The company is in a net liabiilty position of £ 5,312 as at 31 March 2025. However the director has given assurances that he will not draw on his loan account of £ 85,000 for at least twelve months from the date that the balance sheet was signed. On this basis the financial statements have been prepared on the going concern basis.

1c. Depreciation |  |
Depreciation is provided at rates calculated to write off fixed assets, less their estimated residual value, over their estimated useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. if any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Land And Buildings |  | straight line 2%

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 1 |  | 1
Key management personnel is restricted to that of the director.

GPC ASSETS LTD

3. TANGIBLE FIXED ASSETS |  |  |  |
|  | Land And |  |
|  | Buildings |  | Total
|  | £ |  | £
Cost |  |  |  |
At 01/04/2024 |  | 398,669 |  | 398,669
At 31/03/2025 |  | 398,669 |  | 398,669
Depreciation |  |  |  |
At 01/04/2024 |  | 7,983 |  | 7,983
For the year |  | 7,983 |  | 7,983
At 31/03/2025 |  | 15,966 |  | 15,966
Net Book Amounts |  |  |  |
At 31/03/2025 |  | 382,703 |  | 382,703
At 31/03/2024 |  | 390,686 |  | 390,686
Freehold properties amounting to a net book value of £ 382,703 are secured by fixed and floating charges. |

4. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | 1,300 |  | 1,300
Prepayments |  |  |  | - |  | 468
|  |  |  | 1,300 |  | 1,768

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
UK corporation tax |  |  |  | 2,488 |  | 78
Directors current account |  |  |  | 85,000 |  | 87,000
Pump House Birmingham Limited |  |  |  | 195 |  | 2,000
Trade creditors |  |  |  | 514 |  | 240
Other creditors |  |  |  | 10,929 |  | -
Accruals |  |  |  | 634 |  | 600
Property Improvement Services Limited |  |  |  | 42,400 |  | 62,700
|  |  |  | 142,160 |  | 152,618

GPC ASSETS LTD

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Nottingham Buiding Society - Secured loan >1yr |  |  |  | 174,947 |  | 174,947
Together Commercial Finance Limited - Secured loan >1yr |  |  |  | 72,658 |  | 72,658
|  |  |  | 247,605 |  | 247,605
The Nottingham Building Society loan is secured by a fixed charge over freehold property included in these accounts at net book value of £ 264,650 as at 31 March 2025. The Together Commercial Finance Limited loan is secured by a floating charge over all of the assets of the company.

7. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
100 Ordinary shares of £1 each |  |  |  | 100 |  | 100
|  |  |  | 100 |  | 100
New shares issued during period: |  |  |  |  |  |
100 Ordinary shares of £1 each |  |  |  | 100 |  | 100
|  |  |  | - |  | 100
On incorporation of the company one hundred ordinary shares of £ 1 each were issued at par for cash.

8. CONTROLLING PARTY
The company is wholly owned by the director Mr Gurprit Singh.

9. RELATED PARTY TRANSACTIONS
The director Mr G Singh did not receive a dividend in the year to 31 March 2025 (2024 - £ nil).

10. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITIES
The principal activity of the company is that of ownership and rental of residential property.
The company was incorporated on 18 September 2023 and commenced trade on the same date.

GPC ASSETS LTD

11. GENERAL INFORMATION
GPC Assets Ltd is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.