Company No: 01578406 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mr Panayiotes Nicolas

REGISTERED OFFICE	Floor 2
	201 Great Portland Street
	London
	W1W 5AB
	United Kingdom

COMPANY NUMBER

01578406 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	2nd Floor
	201 Great Portland Street
	Marylebone
	London
	W1W 5AB
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	0		131
Investment property	5	700,000		700,000
		700,000		700,131
Current assets
Debtors	6	559		105
Cash at bank and in hand		982		934
		1,541		1,039
Creditors: amounts falling due within one year	7	( 68,078)		( 83,695)
Net current liabilities		(66,537)		(82,656)
Total assets less current liabilities		633,463		617,475
Creditors: amounts falling due after more than one year	8	( 164,472)		( 148,414)
Net assets		468,991		469,061
Capital and reserves
Called-up share capital	9	100		100
Revaluation reserve		212,430		212,430
Profit and loss account		256,461		256,531
Total shareholder's funds		468,991		469,061

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of GMA Business Limited (registered number: 01578406) were approved and authorised for issue by the Director on 30 October 2025. They were signed on its behalf by:

Mr Panayiotes Nicolas Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

GMA Business Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Floor 2, 201 Great Portland Street, London, W1W 5AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rental income and property consultancy fees received during the year.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2024	4,074		4,074
Disposals	( 4,074)		( 4,074)
At 31 January 2025	0		0
Accumulated depreciation
At 01 February 2024	3,943		3,943
Charge for the financial year	131		131
Disposals	( 4,074)		( 4,074)
At 31 January 2025	0		0
Net book value
At 31 January 2025	0		0
At 31 January 2024	131		131

5. Investment property

	Investment property
	£
Valuation
As at 01 February 2024	700,000
As at 31 January 2025	700,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 30 August 2017 by Springer Nicolas a firm of surveyors. The valuation was made on an open market value basis by reference to the rentals receivable under the underlying lease agreement that is in place and the market rent.

The directors, by taking into consideration the market conditions and the fact that the property is leased out under a long term lease agreement, believe that the fair value of the property on 31 January 2025 was not materially different by comparison to the above valuation.

6. Debtors

	2025		2024
	£		£
Other debtors	559		105

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	6,382		25,971
Other creditors	61,696		57,724
	68,078		83,695

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	164,472		148,414

On 8 May 2014 Metro Bank PLC created a fixed and floating charge over the investment property of the company being 124 High Street, Bushey, WD23 3DE.

The bank loans and overdrafts of GMA Business Limited of £164,472 (2024: £148,414) are secured by a personal guarantee given by the director and on the fixed and floating assets of the company

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares shares of £ 1.00 each	100		100