Registration number: 13587576

GMPM Property Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

GMPM Property Limited

(Registration number: 13587576)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1	350
Investment property	5	1,175,000	1,150,000
		1,175,001	1,150,350
Current assets
Debtors	6	18,629	20,670
Cash at bank and in hand		137,759	74,443
		156,388	95,113
Creditors: Amounts falling due within one year	7	(1,131,184)	(1,070,963)
Net current liabilities		(974,796)	(975,850)
Total assets less current liabilities		200,205	174,500
Provisions for liabilities		(30,737)	(24,311)
Net assets		169,468	150,189
Capital and reserves
Called up share capital	8	100	100
Other reserves		92,220	73,470
Profit and loss account		77,148	76,619
Shareholders' funds		169,468	150,189

GMPM Property Limited

(Registration number: 13587576)
Balance Sheet as at 31 August 2025

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 May 2026:
 

 

Mr Geoffrey Middleton
Director

GMPM Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1st Floor Woburn House
84 St Benedicts Street
Norwich
Norfolk
NR2 4AB

2	Accounting policies

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.
 

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax

The tax expense for the period comprises deferred tax and is recognised in the profit and loss account.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

GMPM Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% straight line

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.

Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

GMPM Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost
At 1 September 2024	1,400	1,400
At 31 August 2025	1,400	1,400
Depreciation
At 1 September 2024	1,050	1,050
Charge for the year	349	349
At 31 August 2025	1,399	1,399
Net book value
At 31 August 2025	1	1
At 31 August 2024	350	350

5	Investment property

	2025 £	2024 £
At 1 September	1,150,000	1,100,000
Fair value adjustments	25,000	50,000
At 31 August	1,175,000	1,150,000

The property was valued by the director at its market value using current market data for similar properties in the same area.

6

Debtors

	2025 £	2024 £
Other debtors	16,658	18,810
Prepayments	1,971	1,860
	18,629	20,670

GMPM Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Other creditors	28,364	44,378
Other loans	1,000,000	1,024,440
Accruals	102,820	2,145
	1,131,184	1,070,963