REGISTERED NUMBER: 02608957 (England and Wales)

GKF GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Ford

C Dalton

SECRETARY:

C Dalton

REGISTERED OFFICE:

Glenewes House

Gate Way Drive

Yeadon

Leeds

West Yorkshire

LS19 7XY

REGISTERED NUMBER:

02608957 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Tangible assets

4

59,591

83,927

Investment property

5

3,646,717

3,682,976

3,706,308

3,766,903

CURRENT ASSETS

Debtors

6

61,547

53,790

Cash at bank and in hand

328,434

472,220

389,981

526,010

CREDITORS

Amounts falling due within one year

7

768,107

740,897

NET CURRENT LIABILITIES

(378,126

)

(214,887

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,328,182

3,552,016

CREDITORS

Amounts falling due after more than one year

8

(480,096

)

(550,621

)

PROVISIONS FOR LIABILITIES

(8,158

)

(11,168

)

NET ASSETS

2,839,928

2,990,227

CAPITAL AND RESERVES

Called up share capital

10

14,650

14,650

Fair value reserve

11

79,731

79,731

Retained earnings

2,745,547

2,895,846

SHAREHOLDERS' FUNDS

2,839,928

2,990,227

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 22 December 2025 and were signed on its behalf by:

G Ford - Director

1.	STATUTORY INFORMATION

GKF Group 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below.

The financial statements have been prepared using the going concern basis.

Turnover

Turnover represents the net invoice value of sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

12.5% on cost

Fixtures and fittings

-

33% on cost and 10% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Investment properties are shown at their fair value. Gains are recognised in the fair value reserve which is a non-distributable reserve.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, with the provision adjusted against the fair value reserve.

In accordance with FRS 102, unlike the 2006 Companies Act, depreciation is not required on investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required to give a true and fair view.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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 tax

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

199,366

Additions

681

Disposals

(52,994

)

At 31 March 2025

147,053

DEPRECIATION

At 1 April 2024

115,439

Charge for year

22,093

Eliminated on disposal

(50,070

)

At 31 March 2025

87,462

NET BOOK VALUE

At 31 March 2025

59,591

At 31 March 2024

83,927

The net carrying amount of assets held under hire purchase contracts is £49,142 (2024: £67,754).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,682,976

Disposals

(36,259

)

At 31 March 2025

3,646,717

NET BOOK VALUE

At 31 March 2025

3,646,717

At 31 March 2024

3,682,976

Fair value at 31 March 2025 is represented by:

£

Valuation in 1997

780,000

Valuation in 2001

700,000

Cost

2,166,717

3,646,717

The Investment Properties were valued by the directors.

Investment Property is accounted for using the fair value model. The directors have assessed the Investment Property value at 31 March 2025 and are of the opinion that the current carrying value is appropriate.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,655

13,078

Other debtors

52,892

40,712

61,547

53,790

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

52,453

51,410

Hire purchase contracts

37,169

34,751

Trade creditors

71,365

94,219

Taxation and social security

21,090

16,147

Other creditors

586,030

544,370

768,107

740,897

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

458,910

504,796

Hire purchase contracts

21,186

45,825

480,096

550,621

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

261,397

304,711

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

511,363

556,206

Hire purchase contracts

58,355

80,576

569,718

636,782

The bank loan and overdraft are secured by an unlimited debenture dated 21 November 2013 incorporating a fixed and floating charge, and a first legal charge over a first Legal charge over Commercial Freehold Properties dated 15 January 2014.

The hire purchase loan is secured on the asset it relates to.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000,000

A Ordinary Shares

0.001

p

10,000

10,000

4,650,000

B Ordinary

0.001

p

4,650

4,650

14,650

14,650

A Ordinary and B Ordinary 0.001p shares rank equally for voting purposes.

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

79,731