Registration number: 15126392

GASK Property Group Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

GASK Property Group Limited

(Registration number: 15126392)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	39,398	39,398
Current assets
Stocks	5	115,620	21,412
Debtors	6	100	100
		115,720	21,512
Creditors: Amounts falling due within one year	7	(156,338)	(61,160)
Net current liabilities		(40,618)	(39,648)
Net liabilities		(1,220)	(250)
Capital and reserves
Called up share capital		100	100
Retained earnings		(1,320)	(350)
Shareholders' deficit		(1,220)	(250)

For the financial year ending 30 September 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

......................................... A T Pierce Director

GASK Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6
Manor Road
Marston Trading Estate
Frome
Somerset
BA11 4BN
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

GASK Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 October 2024	39,398	39,398
At 30 September 2025	39,398	39,398
Depreciation
Net book value
At 30 September 2025	39,398	39,398
At 30 September 2024	39,398	39,398

GASK Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5

Stocks

	2025 £	2024 £
Work in progress	115,620	21,412

6

Debtors

	2025 £	2024 £
Other debtors	100	100
	100	100

7

Creditors

Amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	155,438	60,810
Accruals and deferred income		900	350
		156,338	61,160

8	Related party transactions

Summary of transactions with all entities with joint control or significant interest

The directors of the company have control of another company that GASK Property Limited have had transactions with. At the year end there was £155,438 (2024 - £60,810) owed to that company.