ACCOUNTS - Final Accounts

G.P. PRIVATE EQUITY LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseOther business support service activities22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04680828 2022-01-01 2022-12-31 04680828 2021-01-01 2021-12-31 04680828 2022-12-31 04680828 2021-12-31 04680828 2021-01-01 04680828 c:Director1 2022-01-01 2022-12-31 04680828 d:OfficeEquipment 2022-01-01 2022-12-31 04680828 d:OfficeEquipment 2022-12-31 04680828 d:OfficeEquipment 2021-12-31 04680828 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 04680828 d:CurrentFinancialInstruments 2022-12-31 04680828 d:CurrentFinancialInstruments 2021-12-31 04680828 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04680828 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04680828 d:ShareCapital 2022-01-01 2022-12-31 04680828 d:ShareCapital 2022-12-31 04680828 d:ShareCapital 2021-01-01 2021-12-31 04680828 d:ShareCapital 2021-12-31 04680828 d:ShareCapital 2021-01-01 04680828 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 04680828 d:RetainedEarningsAccumulatedLosses 2022-12-31 04680828 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 04680828 d:RetainedEarningsAccumulatedLosses 2021-12-31 04680828 d:RetainedEarningsAccumulatedLosses 2021-01-01 04680828 c:FRS102 2022-01-01 2022-12-31 04680828 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 04680828 c:FullAccounts 2022-01-01 2022-12-31 04680828 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 04680828

G.P. PRIVATE EQUITY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


G.P. PRIVATE EQUITY LIMITED REGISTERED NUMBER:04680828

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		699		-
			699		-
Current assets
Debtors: amounts falling due within one year	5	10,000		33,000
Cash at bank and in hand	6	74,673		57,058
		84,673		90,058
Creditors: amounts falling due within one year	7	(33,182)		(32,439)
Net current assets			51,491		57,619
Total assets less current liabilities			52,190		57,619

Net assets			52,190		57,619

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	51,190	56,619
	52,190	57,619

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G.P. PRIVATE EQUITY LIMITED REGISTERED NUMBER:04680828

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G.R. Power

Director

Date: 22 June 2023

The notes on pages 4 to 7 form part of these financial statements.

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G.P. PRIVATE EQUITY LIMITED REGISTERED NUMBER:04680828

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2022

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2021	1,000	46,836	47,836
Comprehensive income for the year
Profit for the year	-	105,027	105,027
Total comprehensive income for the year	-	105,027	105,027
Contributions by and distributions to owners
Dividends: Equity capital	-	(95,244)	(95,244)

At 1 January 2022	1,000	56,619	57,619
Comprehensive income for the year
Profit for the year	-	119,813	119,813
Total comprehensive income for the year	-	119,813	119,813
Contributions by and distributions to owners
Dividends: Equity capital	-	(125,242)	(125,242)
At 31 December 2022	1,000	51,190	52,190

The notes on pages 4 to 7 form part of these financial statements.

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G.P. PRIVATE EQUITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

G P Private Equity Limited is a private company, limited by shares, registered in England and Wales, registration number 04680828. The registered office is Hyde Park House, 5 Manfred Road, United Kingdom, SW15 2RS.
The functional currency of the company is GBP Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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G.P. PRIVATE EQUITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment

33%

straight line

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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G.P. PRIVATE EQUITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	1,044
	At 31 December 2022	1,044
	Depreciation
	Charge for the year on owned assets	345
	At 31 December 2022	345
	Net book value
	At 31 December 2022	699
	At 31 December 2021	-

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G.P. PRIVATE EQUITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Debtors

					2022	2021
					£	£


Trade debtors	10,000	30,000
Other debtors	-	3,000

6.	Cash and cash equivalents
		2022	2021
		£	£

	Cash at bank and in hand	74,673	57,058

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Corporation tax	28,007	24,634
Other creditors	175	3,265
Accruals and deferred income	5,000	4,540
	33,182	32,439

8.	Related party transactions
	Included within other creditors is £Nil (2021: £3,265) due to Earth Capital UK Limited (ECUK), Mr Power is a Director of ECUK. The loan is provided interest free.

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