Abbreviated Company Accounts - GCP EUROPE GP1 LTD

GCP EUROPE GP1 LTD - Company Information

08201425 GCP EUROPE GP1 LTD 2014-12-31 false 2014-01-01 2014-12-31 true 08201425 2014-01-01 2014-12-31 08201425 2014-12-31 08201425 2013-12-31 08201425 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 08201425 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 08201425

GCP EUROPE GP1 LTD

Abbreviated Accounts

31 December 2014

GCP EUROPE GP1 LTD Registered Number 08201425

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	2	2
		2	2
Current assets
Debtors		2	2
		2	2
Creditors: amounts falling due within one year		(2)	(2)
Net current assets (liabilities)		0	0
Total assets less current liabilities		2	2
Total net assets (liabilities)		2	2
Capital and reserves
Called up share capital	3	2	2
Shareholders' funds		2	2

For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 September 2015

And signed on their behalf by:
R. Cameron Crockett, on behalf of Kester Capital LLP, Director

GCP EUROPE GP1 LTD Registered Number 08201425

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared on a going concern basis under the historical cost convention in accordance with applicable accounting standards and the Companies Act 2006.

Turnover policy
The Company recognises revenue on an accruals basis.

Other accounting policies
Related party transactions:
The Company has taken advantage of the exemption provided under the Accounting Standard’s Board’s FRS 8 (Revised 1998) from disclosing group related party transactions, as it is consolidated as a wholly-owned subsidiary in the publicly available financial statements of GCP Capital Partners Europe Limited.

Ultimate controlling party:
As at 31 December 2014 Kester Capital LLP, a limited liability partnership incorporated in the United Kingdom, was the immediate controlling party of the Company. GCP Capital Partners Europe Limited is the parent undertaking which heads both the smallest and largest group of undertakings for which consolidated financial statements including the Company are prepared. Copies of these financial statements may be obtained from its registered office at 48 Dover Street, London, W1S 4FF, United Kingdom. The Company’s ultimate controlling party is GCP Capital Partners Holdings LLC, a limited liability company incorporated in the United States of America.

2Fixed assets Investments
On 1 March 2013, the Company in its capacity as a Member of GCP Europe GP II LLP invested, in the form of a Contribution, £2 in GCP Europe GP II LLP. The investment was valued at its cost of £2 as at 31 December 2014 (2013 – £2 – as restated).

On 16 December 2014, the Company in its capacity as a Member of GCP Europe I GP LLP invested, in the form of a Contribution, £0.10 in GCP Europe I GP LLP pursuant to the terms of the Partnership Agreement. The investment was valued at its cost of £0.10 as at 31 December 2014 (2013 – £nil).

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2