Company No: 10833107 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Current assets
Stocks	3	2,333,999		2,332,319
Debtors	4	12,808		4,123
Cash at bank and in hand		74,259		43,764
		2,421,066		2,380,206
Creditors: amounts falling due within one year	5	( 1,837,714)		( 1,654,843)
Net current assets		583,352		725,363
Total assets less current liabilities		583,352		725,363
Net assets		583,352		725,363
Capital and reserves
Called-up share capital	6	1,700,008		1,700,008
Profit and loss account		( 1,116,656 )		( 974,645 )
Total shareholders' funds		583,352		725,363

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of GCR Camprop Six Limited (registered number: 10833107) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

C Williams Director

05 November 2025

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

GCR Camprop Six 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 2 Shepreth Research Park, 29 Station Road, Shepreth, Royston, SG8 6PZ, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 £.

Going concern

The financial statements have been prepared on a going concern basis, which the directors believe to be appropriate. Post year end the company refinanced its loan facility with £1,100,000 now repayable in 2029, hence the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This view is based on the company’s loan refinancing, short term rental strategy and the ongoing financial support provided by related parties.

Turnover

Revenue represents proceeds from the sale of development properties.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Land and properties held for development and sale are shown at the lower of cost and net realisable value at the reporting date. Cost is defined as actual purchase price plus development expenditure, net realisable value is based on estimated selling price less any further costs to be incurred to completion of disposal.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments

The Company only enters into basic financial instruments and 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, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors, accruals, bank loans and amounts due to related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	0		0

3. Stocks

	2024		2023
	£		£
Stocks	2,333,999		2,332,319

4. Debtors

	2024		2023
	£		£
Trade debtors	2,838		0
Amounts owed by related parties	1,999		0
Other debtors	7,971		4,123
	12,808		4,123

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	1,541,977		1,365,322
Trade creditors	61,981		59,006
Amounts owed to related parties	87,171		87,171
Other taxation and social security	119,768		119,289
Other creditors	26,817		24,055
	1,837,714		1,654,843

The company's bank loan was due for repayment in April 2024 but was refinanced after the reporting date. The loan bore interest at 0.85% per month, increasing to 0.94% per month during the year and was secured by way of a fixed and floating charge over the assets of the company.

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
340 Preference shares of £ 5,000.00 each	1,700,000		1,700,000
Allotted, called-up and not yet paid
816 Ordinary shares of £ 0.01 each	8		8

The Preferred shares carry full voting rights on key company operational matters including any changes to the Articles and any changes to the rights attaching to shares in the company. On completion of the project the company's profits will be applied in the following order: First, to repay to Preferred shareholders an amount equal to the subscription monies; secondly, to make payment to Preferred shareholders of a 10% per annum preferred distribution; thirdly, to make payment to Ordinary shareholders of an amount equal to the total 10% per annum preferred distribution payments; and finally, to make a payment of the balance, 50% to Preferred shareholders and 50% to Ordinary shareholders. Shareholders of each class are entitled to receive payment pro-rata within that class.

7. Related party transactions

Other related party transactions

During the year fees of £5,512 were charged (2023: £158,424 credited) in the normal course of business by Camprop Construction Limited, a company in which M A Gunn, K Lais and S T G Gusterson are directors.

At the reporting date, £142,251 (2023: £138,585) was owed to Camprop Construction Limited.

8. Events after the Balance Sheet date

After the reporting date, 31A Barton Road Limited, a 100% subsidiary of GCR Camprop Six Limited, was incorporated. Subsequently, one of the company's development properties was transferred to 31A Barton Road Limited.