REGISTERED NUMBER: 11306445 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

GAR Holdings Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Investments

5

1,632,960

1,632,960

Investment property

6

155,000

129,517

1,787,960

1,762,477

Current assets

Debtors

7

-

29,904

Cash at bank

39,505

12,524

39,505

42,428

Creditors

Amounts falling due within one year

8

(348,387

)

(393,649

)

Net current liabilities

(308,882

)

(351,221

)

Total assets less current liabilities

1,479,078

1,411,256

Creditors

Amounts falling due after more than one year

9

(381,307

)

(595,285

)

Provisions for liabilities

(6,371

)

-

Net assets

1,091,400

815,971

Capital and reserves

Called up share capital

100

100

Retained earnings

10

1,091,300

815,871

1,091,400

815,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr A M Speed - Director

1.	Statutory information

GAR Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11306445

Registered office:

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about GAR Holdings Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	Employees and directors

The average number of employees during the year was 3 (2024 - 3 ) .

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 June 2024

and 31 May 2025

1,632,960

Net book value

At 31 May 2025

1,632,960

At 31 May 2024

1,632,960

6.	Investment property

Total

£

Fair value

At 1 June 2024

129,517

Revaluations

25,483

At 31 May 2025

155,000

Net book value

At 31 May 2025

155,000

At 31 May 2024

129,517

At 31 May 2025 Investment Properties were held at an open market value of £155,000 (2024: £129,517) by the directors of the company.

The historic cost of the revalued assets at 31 May 2025 was £129,517(2024:£129,517l).

A deferred tax provision has been included on the revaluation of the investment properties. As at 31 May 2025 a provision of £6,371 (2024:£Nil) was included within the total deferred tax provision.

Fair value at 31 May 2025 is represented by:

£

Valuation in 2025

25,483

Cost

129,517

155,000

7.

Debtors: amounts falling due within one year

31.5.25

31.5.24

£

£

Other debtors

-

29,904

8.

Creditors: amounts falling due within one year

31.5.25

31.5.24

£

£

Bank loans and overdrafts

-

10,200

Amounts owed to group undertakings

338,253

378,253

Taxation and social security

7,659

2,867

Other creditors

2,475

2,329

348,387

393,649

9.

Creditors: amounts falling due after more than one year

31.5.25

31.5.24

£

£

Bank loans

-

9,200

Other creditors

381,307

586,085

381,307

595,285

10.

Reserves

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

31.5.25

31.5.24

£

£

Distributable

1,072,188

815,871

Non-distributable

19,112

-

1,091,300

815,871