Company No: SC115552 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements
• Detailed Profit and Loss Account

	Note	2025		2024
		£		£
Current assets
Debtors	4	1,201,054		1,201,054
		1,201,054		1,201,054
Net current assets		1,201,054		1,201,054
Total assets less current liabilities		1,201,054		1,201,054
Net assets		1,201,054		1,201,054
Capital and reserves
Called-up share capital	5	1,408		1,408
Capital redemption reserve		192		192
Profit and loss account		1,199,454		1,199,454
Total shareholder's funds		1,201,054		1,201,054

GHL Property Limited (registered number: SC115552) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes in Equity has been included. For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 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 Profit and Loss Account has not been delivered.

The financial statements of GHL Property Limited (registered number: SC115552) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

T G Paterson 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

GHL Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Cumbernauld Road, Stepps, Glasgow, G33 6HW, 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 £.

The company was dormant throughout the current year.

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:

Investment property

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

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.

Basic financial assets
Basic financial assets, which include debtors, are measured at transaction price.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

4. Debtors

	2025		2024
	£		£
Amounts owed by related parties	1,201,054		1,201,054

5. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,408 Ordinary shares of £ 1.00 each	1,408		1,408

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Amounts owed by related parties	1,201,054		1,201,054

7. Ultimate controlling party

The company's ultimate parent company is GHL Property Holdings Limited.

	2025		2024
	£		£
Administrative expenses
Loss on sale of assets	0		( 16,312)
Operating loss and loss before taxation	0		( 16,312)