REGISTERED NUMBER: 00584912 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GARUS INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Racina MacGregor

Ben MacGregor

Emma MacGregor

REGISTERED OFFICE:

102 Cricklewood Broadway

London

NW2 3EJ

REGISTERED NUMBER:

00584912 (England and Wales)

ACCOUNTANTS:

Simmons Gainsford Professional Services Limited

14th Floor

33 Cavendish Square

London

W1G 0PW

FIXED ASSETS

Investment property

4

6,655,000

6,655,000

CURRENT ASSETS

Debtors

5

71,028

69,508

Investments

6

1,683,000

1,696,000

Cash at bank

12,789

23,278

1,766,817

1,788,786

CREDITORS

Amounts falling due within one year

7

155,654

143,327

NET CURRENT ASSETS

1,611,163

1,645,459

TOTAL ASSETS LESS CURRENT LIABILITIES

8,266,163

8,300,459

PROVISIONS FOR LIABILITIES

616,086

616,086

NET ASSETS

7,650,077

7,684,373

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Fair value reserve

8

3,627,634

3,627,634

Retained earnings

3,822,443

3,856,739

SHAREHOLDERS' FUNDS

7,650,077

7,684,373

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 21 October 2025 and were signed on its behalf by:

Racina MacGregor - Director

1.	STATUTORY INFORMATION

Garus Investments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rents receivable, excluding value added tax.

Investment properties

Investment properties are accounted for in accordance with the provisions of section 16 of FRS 102. They are valued annually by the directors, and from time to time by an independent professional valuer, on a fair value basis. The surplus or deficit on revaluation is transferred to the income statement. Deferred tax is provided on revaluation gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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 taxation

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 NIL (2024 - 4 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

6,655,000

NET BOOK VALUE

At 31 March 2025

6,655,000

At 31 March 2024

6,655,000

If investment properties had not been annually revalued they would have been consistently included at cost of £2,411,279 (2024: £2,411,279).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

71,028

69,508

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Treasury Deposit

1,683,000

1,696,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

61,424

63,842

Taxation and social security

74,675

60,237

Other creditors

19,555

19,248

155,654

143,327

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

3,627,634

9.	ULTIMATE HOLDING COMPANY

The ultimate holding company is Garus Holdings Limited for which the registered office is 102 Cricklewood Broadway, London NW2 3EJ.