1 June 2024 false No description of principal activity Taxfiler 2024.6 12616196 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 12616196 2024-05-31 12616196 2024-06-01 2025-05-31 12616196 business:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 12616196 business:FilletedAccounts 2024-06-01 2025-05-31 12616196 2025-05-31 12616196 business:Director1 2024-06-01 2025-05-31 12616196 business:Director2 2024-06-01 2025-05-31 12616196 business:RegisteredOffice 2024-06-01 2025-05-31 12616196 core:WithinOneYear 2025-05-31 12616196 core:AfterOneYear 2025-05-31 12616196 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 12616196 core:PreviouslyStatedAmount 2025-05-31 12616196 business:SmallEntities 2024-06-01 2025-05-31 12616196 countries:EnglandWales 2024-06-01 2025-05-31 iso4217:GBP xbrli:pure
Company Registration No. 12616196 (England and Wales)
Gms Property Alliance Ltd Unaudited accounts for the year ended 31 May 2025
Gms Property Alliance Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Gms Property Alliance Ltd Company Information for the year ended 31 May 2025
Directors
MUHAMMAD MUBBASHIR ABBASI SHAZIA MUBBASHIR
Company Number
12616196 (England and Wales)
Registered Office
112 Wembley Park Drive Wembley HA9 8HS England
Accountants
UBC( Accountants & Tax Consultants) FFA FIPA CIPFA(AFFIL) 112 Wembley Park Drive Wembley Middlesex HA9 8HS
- 3 -
Gms Property Alliance Ltd Statement of financial position as at 31 May 2025
2025
Notes
£
Fixed assets
Investment property
4
1,150,000
Current assets
Cash at bank and in hand
1,740
Creditors: amounts falling due within one year
5
(140)
Net current assets
1,600
Total assets less current liabilities
1,151,600
Creditors: amounts falling due after more than one year
6
(1,151,000)
Net assets
600
Capital and reserves
Profit and loss account
600
Shareholders' funds
600
For the year ending 31 May 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 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 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 of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by
MUHAMMAD MUBBASHIR ABBASI Director Company Registration No. 12616196
- 4 -
Gms Property Alliance Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Gms Property Alliance Ltd is a private company, limited by shares, registered in England and Wales, registration number 12616196. The registered office is 112 Wembley Park Drive, Wembley, HA9 8HS, England.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2025
£
Net gain from fair value adjustments
1,150,000
At 31 May 2025
1,150,000
5
Creditors: amounts falling due within one year
2025
£
Taxes and social security
140
6
Creditors: amounts falling due after more than one year
2025
£
Bank loans
233,280
Loans from directors
916,720
Accruals
1,000
1,151,000
7
Average number of employees
During the year the average number of employees was 0.
- 5 -