REGISTERED NUMBER: 02972523 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

GMS PROPERTY SERVICES LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

5

461,697

421,539

Cash at bank

5,657

5,817

467,354

427,356

CREDITORS

Amounts falling due within one year

6

177,802

188,972

NET CURRENT ASSETS

289,552

238,384

TOTAL ASSETS LESS CURRENT LIABILITIES

289,552

238,384

CREDITORS

Amounts falling due after more than one year

7

-

6,852

NET ASSETS

289,552

231,532

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

289,452

231,432

SHAREHOLDERS' FUNDS

289,552

231,532

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2026 and were signed by:

N J Male - Director

1.	STATUTORY INFORMATION

GMS Property Services Ltd is a private company, limited by shares, registered in England and Wales, registered number 02972523. Its registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, England, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before turnover is:

Rendering of services

Turnover from a contract to provide services is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the services provider;

- the amount of turnover can be measured reliably;

- it is probable that the company will receive consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the time of approving the financial statements,the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Financial instruments

Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

1,418

DEPRECIATION

At 1 September 2024

and 31 August 2025

1,418

NET BOOK VALUE

At 31 August 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

162,336

122,568

Amounts owed by group undertakings

137,975

139,032

Other debtors

161,386

159,939

461,697

421,539

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

43,330

42,636

Trade creditors

67,859

91,410

Amounts owed to group undertakings

6,844

901

Amounts owed to associates

9,815

11,723

Taxation and social security

35,138

27,115

Other creditors

14,816

15,187

177,802

188,972

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

6,852

8.	SECURED DEBTS

Included within creditors is an amount of £39,890 which is secured against trade debtors (2024 - £5,136).

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Victoria Brassington BA FCA (Senior Statutory Auditor)

for and on behalf of Blackthorns

10.	RELATED PARTY DISCLOSURES

During the year the company made purchases of £37,900 (2024 - £31,561) from companies which are related by virtue of common control of a director of the company.

Amounts due to these companies at the year end totalled £9,815 (2024 - £11,723).

11.	ULTIMATE CONTROLLING PARTY

Until 28 October 2024, N Male and E Newman-Male were considered to be the ultimate controlling parties by virtue of their joint controlling interest in GMS Group of Companies Limited. The largest and smallest group in which the consolidated results of the company were available was headed by GMS Group of Companies Limited.

From 28 October 2024, N Male is considered to be the ultimate controlling party due to his control of GMS Realisation Group Limited, the new ultimate parent company of the group. The largest and smallest group in which the consolidated results of the company are available is now headed by GMS Group of Companies Limited. Consolidated accounts are available from Companies House, Cardiff, CF14 3UZ.

Until 28 October 2024 the group was jointly controlled by N Male and Mrs E Newman-Male. From 28 October 2024 the group is under the control of N Male.