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REGISTERED NUMBER: 03488945 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

GAYNOR GROUP LIMITED

GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAYNOR GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: D L Gaynor
K Gaynor





SECRETARY: K Gaynor





REGISTERED OFFICE: Meadow Court
83A Newton Nottage Road
Porthcawl
Bridgend
CF36 3RR





REGISTERED NUMBER: 03488945 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 902,238
Investment property 6 350,000 400,000
350,000 1,302,238

CURRENT ASSETS
Debtors 7 103,445 2,692
Cash at bank and in hand 1,482,123 750
1,585,568 3,442
CREDITORS
Amounts falling due within one year 8 279,651 227,873
NET CURRENT ASSETS/(LIABILITIES) 1,305,917 (224,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,655,917

1,077,807

CREDITORS
Amounts falling due after more than one
year

9

-

(382,979

)

PROVISIONS FOR LIABILITIES - (16,021 )
NET ASSETS 1,655,917 678,807

CAPITAL AND RESERVES
Called up share capital 137,458 137,458
Revaluation reserve 11 - 325,871
Capital redemption reserve 15,273 15,273
Fair value reserve 11 139,129 189,129
Retained earnings 1,364,057 11,076
SHAREHOLDERS' FUNDS 1,655,917 678,807

GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

BALANCE SHEET - continued
28 FEBRUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





D L Gaynor - Director


GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Gaynor Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company ceased trading on the year end and is proposed to enter into a members voluntary liquidation. Accordingly the accounts are effectively prepared on the break up basis.

Preparation of consolidated financial statements
The financial statements contain information about Gaynor Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on cost, 15% on cost and 10% on cost

Investment property
Investment property is included at fair value and any fair value adjustments are recognised in the income statement.


GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 29 February 2024 30,000
Disposals (30,000 )
At 28 February 2025 -
AMORTISATION
At 29 February 2024 30,000
Eliminated on disposal (30,000 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 28 February 2024 -

GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 29 February 2024 1,157,637 183,095 1,340,732
Additions - 174,693 174,693
Disposals (1,157,637 ) (357,788 ) (1,515,425 )
At 28 February 2025 - - -
DEPRECIATION
At 29 February 2024 328,224 110,270 438,494
Charge for year 10,103 19,858 29,961
Eliminated on disposal (338,327 ) (130,128 ) (468,455 )
At 28 February 2025 - - -
NET BOOK VALUE
At 28 February 2025 - - -
At 28 February 2024 829,413 72,825 902,238

Included in the net book value of plant and machinery are assets held under hire purchase contracts or finance leases with a carrying value of £nil (2024 - £64,078).

Fixed asset investments, being 100% of the issued share capital of its 2 subsidiary companies, have no material cost or value as they have both been dormant since incorporation.

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 29 February 2024 400,000
Revaluations (50,000 )
At 28 February 2025 350,000
NET BOOK VALUE
At 28 February 2025 350,000
At 28 February 2024 400,000

Due to the impact of indexation and associated disposal costs, should the investment properties be sold for their revalued amounts, this would not result in a capital gain and so no deferred tax provision has been included in these accounts relating to the fair value surplus.

GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


6. INVESTMENT PROPERTY - continued

Fair value at 28 February 2025 is represented by:
£
Valuation in 2006 34,129
Valuation in 2021 155,000
Valuation in 2025 (50,000 )
Cost 210,871
350,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£ £
Cost 210,871 210,871

Investment properties were valued on an open market basis on 20 February 2025 by DLP Chartered Surveyors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 297 -
Sundry and other debtors 103,148 2,692
103,445 2,692

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts - 156,633
Hire purchase contracts - 12,195
Trade creditors 22,744 3,883
Taxation and social security 246,210 38,451
Other creditors 10,697 16,711
279,651 227,873

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans - 376,211
Hire purchase contracts - 6,768
- 382,979

GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 61,231

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Bank overdraft - 56,250
Bank loans - 476,594
Hire purchase contracts - 18,963
- 551,807

The bank overdraft and loans were secured by debenture with a fixed and floating charge against the assets of the company.

The hire-purchase creditors were secured against the related specific tangible fixed assets

11. RESERVES
Revaluation Fair value
reserve reserve Totals
£ £ £
At 29 February 2024 325,871 189,129 515,000
Investment property fair value
revaluation in year - (50,000 ) (50,000 )
Revalued assets retained
earnings depreciation transfer (4,166 ) - (4,166 )
Retained earnings transfer
on sale of revalued assets (321,705 ) - (321,705 )

At 28 February 2025 - 139,129 139,129

GAYNOR GROUP LIMITED (REGISTERED NUMBER: 03488945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 28 February 2024:

2025 2024
£ £
D L Gaynor and K Gaynor
Balance outstanding at start of year 1,551 -
Amounts advanced 97,749 1,551
Amounts repaid (9,270 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,030 1,551