GCGP Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08741862

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,871		10,968

			4,871		10,968
CURRENT ASSETS
Stocks		-		629,474
Debtors	5	415,214		111,409
Cash at bank and in hand		41,680		17,896

		456,894		758,779
Creditors: Amounts Falling Due Within One Year	6	(495,714 )		(295,870 )

NET CURRENT ASSETS (LIABILITIES)			(38,820 )		462,909

TOTAL ASSETS LESS CURRENT LIABILITIES			(33,949 )		473,877

Creditors: Amounts Falling Due After More Than One Year	7		(26,990 )		(571,266 )

NET LIABILITIES			(60,939 )		(97,389 )

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			(60,940 )		(97,390 )

SHAREHOLDERS' FUNDS			(60,939)		(97,389)

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GCGP Properties Limited

Balance Sheet (continued)

As At 31 October 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr George Gayfer-Parsons

Director

3 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GCGP Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08741862 . The registered office is Suite 106 Viney Court, Viney Street, Taunton, Somerset, TA1 3FB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

Given the insolvent position of the company's balance sheet, the director has undertaken an assessment of the company's ability to continue as a going concern. At the date that these financial statements have been approved by the director, the company's creditors have shown no intention of seeking immediate repayment of debts and, as a result, the director considers it appropriate that the financial statements be prepared on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	20% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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GCGP Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	1,804	12,250	1,250	15,304
Disposals	-	(6,125 )	-	(6,125 )

As at 31 October 2025	1,804	6,125	1,250	9,179

Depreciation
As at 1 November 2024	1,333	1,786	1,217	4,336
Provided during the period	95	763	7	865
Disposals	-	(893 )	-	(893 )

As at 31 October 2025	1,428	1,656	1,224	4,308

Net Book Value
As at 31 October 2025	376	4,469	26	4,871

As at 1 November 2024	471	10,464	33	10,968

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	157,873	66,384
Other debtors	674	-
Corporation tax recoverable assets	2,196	2,196
VAT	8,470	11,264
Director's loan account	223,056	-

	392,269	79,844
Due after more than one year
Deferred tax current asset	22,945	31,565

	415,214	111,409

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GCGP Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	30,526	21,640
Bank loans and overdrafts	455,545	-
Other taxes and social security	-	6,344
Bounce back loan < 1 year	7,178	19,099
Other creditors (1)	851	-
Accruals and deferred income	1,614	1,602
Director's loan account	-	247,185

	495,714	295,870

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bounce back loan > 1 year	26,990	20,933
Bank loan > 1 year	-	550,333

	26,990	571,266

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr George Gayfer-Parsons	-	223,056	-	-	223,056

The above loan is unsecured and repayable on demand. When overdrawn, interest is charged at the official HMRC rate.

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