GPM Group Holdings Limited Filleted accounts for Companies House (small and micro)
GPM Group Holdings Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10201456
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
£ |
Fixed Assets
Investments |
6 |
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Current Assets
Debtors |
7 |
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Cash at bank and in hand |
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------- |
------- |
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Creditors: amounts falling due within one year |
8 |
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Net Current Liabilities |
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Total Assets Less Current Liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Provisions
Taxation including deferred tax |
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Net Assets |
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Capital and Reserves
Called up share capital |
11 |
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Profit and loss account |
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Shareholders Funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
31 May 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
10201456
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Notes to the Financial Statements |
Year ended 31st March 2019
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Garret, 15c Swan Hill, Shrewsbury, Shropshire, SY1 1NL.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Consolidation
Judgements and Key Sources of Estimation Uncertainty
Revenue Recognition
Income Tax
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment properties are revalued to their fair values at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of Fixed Assets
Provisions
Financial Instruments
4.
Staff Costs
The average number of persons employed by the company during the year, including the director, amounted to 1 (2018: 1).
5.
Tax on Profit
Major components of tax expense
Period from |
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Year to |
1 Jun 17 to |
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31 Mar 19 |
31 Mar 18 |
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£ |
£ |
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Current tax:
UK current tax expense |
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Deferred tax:
Origination and reversal of timing differences |
(
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– |
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------- |
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Tax on profit |
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------- |
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6.
Investments
Shares in group undertakings |
Other investments other than loans |
Total |
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£ |
£ |
£ |
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Cost |
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At 1st April 2018 |
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Additions |
– |
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Revaluations |
– |
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At 31st March 2019 |
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Impairment |
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At 1st April 2018 and 31st March 2019 |
– |
– |
– |
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Carrying amount |
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At 31st March 2019 |
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At 31st March 2018 |
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On 31st March 2019 the investment properties were valued by
Mr G P Mills
, a director of the company on an open market value basis in the sum of £372,827 (2018 - £372,827).
On 31st March 2019 the financial investment with Hargreaves Lansdown fund and share account was valued in the sum of £25,820 (2018 - £Nil).
7.
Debtors
2019 |
2018 |
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£ |
£ |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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Corporation tax |
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Other creditors |
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The bank loan is secured against all assets of the company.
9.
Creditors:
amounts falling due after more than one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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The bank loan is secured against all assets of the company.
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2018 - £18,163) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10.
Deferred Tax
The deferred tax included in the statement of financial position is as follows:
2019 |
2018 |
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£ |
£ |
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Included in provisions |
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------- |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2019 |
2018 |
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£ |
£ |
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Fair value adjustment of financial assets |
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– |
Fair value adjustment of investment property |
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7,584 |
7,819 |
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11.
Called Up Share Capital
Issued, called up and fully paid
2019 |
2018 |
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No. |
£ |
No. |
£ |
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2.00 |
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2.00 |
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12.
Director's Advances, Credits and Guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding |
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2019 |
2018 |
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£ |
£ |
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(
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(
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The non-interest bearing loan is repayable on demand.
13.
Related Party Transactions