GPS Properties Limited - Limited company - abbreviated - 11.6

GPS Properties Limited - Limited company - abbreviated - 11.6

GPS PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03680827 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

GPS PROPERTIES LIMITED

GPS PROPERTIES LIMITED (REGISTERED NUMBER: 03680827)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GPS PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2014







DIRECTORS: Mr J J Gill
Mr D Gill





SECRETARY: Taylor Walton Secretarial Limited





REGISTERED OFFICE: Room 201-203, Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 03680827 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
Prospero House
46-48 Rothesay Road
Luton
Bedfordshire
LU1 1QZ
Page 1
GPS PROPERTIES LIMITED (REGISTERED NUMBER: 03680827)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £   
CURRENT ASSETS
Cash at bank 43 108

CREDITORS
Amounts falling due within one year 86,840 88,202
NET CURRENT LIABILITIES (86,797 ) (88,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(86,797		 )
(88,094		 )

CAPITAL AND RESERVES
Called up share capital 2 2 2
Profit and loss account (86,799 ) (88,096 )
SHAREHOLDERS' FUNDS (86,797 ) (88,094 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 17 September 2015 and were signed on its behalf
by:




Mr J J Gill - Director



Mr D Gill - Director


The notes form part of these abbreviated accounts

Page 2
GPS PROPERTIES LIMITED (REGISTERED NUMBER: 03680827)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 DECEMBER 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have not been prepared on the going concern basis as in the directors' opinion it is
possible that the company will be wound up within 12 months from the date of their report. Any adjustments that
would be required as a result have been included within the financial statements.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of
Value Added Tax.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

3. RELATED PARTY DISCLOSURES

The company's bankers have been given a cross guarantee in respect of GPS Properties Limited, GPS Estates
Limited and Herdecke Properties Limited.

GPS Estates Limited

A group company.


There is no interest charged on amounts owed by the company and there is no fixed date for repayment.

2014 2013
£    £   
Amount due to related party at the balance sheet date 23,981 24,921

4. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of GPS Estates Limited incorporated in the United Kingdom. The
ultimate controlling parties are Mr J and Mr D Gill by virtue of their shareholding in GPS Estates Limited.
Copies of the accounts of GPS Estates Limited can be obtained from the registered office.

Page 3