The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

G52 Limited is a private company limited by shares incorporated in Scotland. The registered office is 61 Queen Elizabeth Avenue, Hillington Park, Glasgow, Scotland, G52 4NQ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company reported a loss for the year ended 31 December 2024.

At the time of approving the financial statements the company has received confirmation of support from its ultimate parent company Amirou Holdings Limited.

In light of the above, the directors have every expectation that the company will have adequate resources to continue its operations for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. Income is recognised at the point at which the customer takes delivery of the motorcycle, at the point of purchase in relation to associated parts and clothing, or upon completion of any servicing work.

Negative goodwill, where the fair value of the assets and liabilities acquired from the administrator is greater than the cost of acquisition, is included within intangible fixed assets and released to the profit and loss account. This balance is being released on a straight line basis over its expected useful life, which is ten years.

Tangible fixed assets are initially measured at cost and subsequently measured either at cost, net of depreciation and any impairment losses, or at revalued amounts, as described below.

Furniture and fittings and plant and machinery are measured using the revaluation model while all other classes of assets are measured at cost.

Depreciation is recognised so as to write off the cost or revalued amount of assets, less their residual values, over their useful lives on the following bases:

Leasehold improvements: 5% per annum

Plant and machinery: 15%–25% per annum

Furniture and fittings: 20% per annum

Motor vehicles: 20% per annum

The gain or loss arising on the disposal of a tangible fixed 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.

Property, plant and equipment are initially recognised at cost. Subsequent to initial recognition, certain classes of tangible fixed assets are carried at revalued amounts, being their fair value at the date of revaluation less subsequent accumulated depreciation and any accumulated impairment losses. Revaluations are performed with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the reporting date.

Any revaluation surplus is recognised in other comprehensive income and accumulated in equity within the revaluation reserve, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A revaluation deficit is recognised in profit or loss, except where it reverses a previous revaluation surplus for the same asset, in which case it is recognised in other comprehensive income.

Depreciation is calculated on the revalued amount over the remaining useful life of the asset. The reversal of accumulated depreciation during a revaluation is an internal adjustment and does not affect the profit and loss account.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks are stated at the lower of cost and net realisable value after making due allowances for demonstration units or slow moving clothing stocks. Stock is measured using the first in first out method of accounting.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

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 liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The 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 net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

The average monthly number of persons (including directors) employed by the company during the year was:

During the year, the Company adopted the revaluation model for plant and machinery and fixtures and fittings for the first time. The revaluation was carried out as at 12 December 2025.
The revaluation was performed by Malcolm Associates Ltd, Property Consultants, an independent valuer. Fair value was determined using market-based valuation techniques, having regard to the condition and remaining useful lives of the assets. The assets revalued comprise all plant and machinery and all fixtures and fittings owned by the Company at the valuation date. The revaluation resulted in a revaluation surplus of £525,873,which has been recognised in other comprehensive income and accumulated in equity within the revaluation reserve. Accumulated depreciation was eliminated against the gross carrying amount.

Had the revaluation model not been adopted, the carrying amount of plant and machinery and fixtures and fittings under the cost model at the reporting date would have been £69,876.

See note 10 for a detailed overview of amounts owed by group undertakings.

See note 10 for a detailed overview of amounts owed to group undertakings.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

The deferred tax liability set out above is expected to reverse within [12 months] and relates to accelerated capital allowances that are expected to mature within the same period.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Of the above amounts £472,419 relates to the leases for the office buildings, with the rest relating to plant and machinery.

During the year the company entered into the following transactions with related parties:

All transactions with related parties are conducted on normal market terms.

Amounts owed to key management personnel relates to a director loan account, offset with a trade debtor balance on normal, commercial terms.

Amounts owed to key management personnel relate to a director loan account. The loan is interest free, unsecured and repayable on demand, and is offset with a trade debtor balance.

At the end of the year Ducati Manchester, a company with common control, was due £162,235 (2023: £68,816 owed by Ducati Manchester) by G52 Limited. The amounts outstanding relate to recharges to Ducati Manchester Limited from G52 Limited.

At the end of the year Amirou Holdings Limited, the parent company, owed £21,297 (2023: £10,684)

to G52 Limited. The amounts outstanding relate to recharges from G52 Limited to Amirou Holdings Limited.

At the end of the year M32 Limited, a company with common control, owed £8,330 (2023: £nil) to

G52 Limited. The amounts outstanding relate to recharges from G52 Limited to M32 Limited.

The immediate parent company is Ducati Manchester Limited, a company incorporated in England and Wales.

The ultimate parent company is Amirou Holdings Limited, a company incorporated in England and Wales. The registered office of Amirou Holdings Limited is Richard House, 9 Winckley Square, Preston, PR1 3HP.

The group headed by Amirou Holdings Limited is the only one to which G52 Limited belongs where consolidated accounts are prepared. Copies of the group accounts can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

At the balance sheet date, the company was ultimately controlled by Mr Christopher David Booth. On January 2025 Mr David Paterson became the ultimate controlling party. Subsequently, David Paterson resigned and Mr Christopher Booth became the ultimate controlling party in September 2025.