Company No: 12424308 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	G Somogyi
	T Somogyi

REGISTERED OFFICE	10 Broadfield Way
	Buckhurst Hill
	IG9 5AG
	United Kingdom

COMPANY NUMBER

12424308 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	667		1,153
Investment property	4	43,462,524		45,750,025
		43,463,191		45,751,178
Current assets
Debtors	5	3,421,105		2,427,517
Cash at bank and in hand		396,783		576,699
		3,817,888		3,004,216
Creditors: amounts falling due within one year	6	( 1,280,644)		( 1,208,255)
Net current assets		2,537,244		1,795,961
Total assets less current liabilities		46,000,435		47,547,139
Creditors: amounts falling due after more than one year	7	( 480,624)		( 628,655)
Provision for liabilities		0		( 394,361)
Net assets		45,519,811		46,524,123
Capital and reserves
Called-up share capital		10,000		10,000
Share premium account		41,893,371		41,893,371
Fair value reserve	8	0		1,311,840
Profit and loss account		3,616,440		3,308,912
Total shareholders' funds		45,519,811		46,524,123

For the financial year ending 31 March 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 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 GTS Estates Limited (registered number: 12424308) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

G Somogyi 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

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

Turnover

Turnover represents total rental income relating to the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Computer equipment

3 years straight line

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 April 2024	1,459		1,459
At 31 March 2025	1,459		1,459
Accumulated depreciation
At 01 April 2024	306		306
Charge for the financial year	486		486
At 31 March 2025	792		792
Net book value
At 31 March 2025	667		667
At 31 March 2024	1,153		1,153

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	45,750,025
Fair value movement	(2,287,501)
As at 31 March 2025	43,462,524

Fair value at 31 March 2025 is represented by Cost £44,043,824; Valuation in 2022 £4,384,500, Valuation in 2023 £2,405,037, Valuation in 2024 (£5,083,336)and Valuation in 2025 (£2,287,501).

Historic cost

If the investment properties had not been revalued they would have been included at the following historical cost:

	2025		2024
	£		£
Historic cost	44,043,824		44,043,824

The investment properties were valued on a fair value basis on 31 March 2025 by the directors

5. Debtors

	2025		2024
	£		£
Trade debtors	87,549		120,130
Amounts owed by related parties	3,322,454		2,298,492
Other debtors	11,102		8,895
	3,421,105		2,427,517

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	193,926		218,243
Trade creditors	0		265
Amounts owed to related parties	328,553		0
Taxation and social security	171,040		303,779
Other creditors	587,125		685,968
	1,280,644		1,208,255

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	480,624		628,655

8. Reserves

Fair value reserve

	2025
	£
At 1 April 2024	1,311,840
Revaluation	(1,706,201)
Deferred tax	394,361
	0