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GXY UK LIMITED

Registered Number
SC753191
(Scotland)

Unaudited Financial Statements for the Year ended
31 May 2025

GXY UK LIMITED
Company Information
for the year from 1 June 2024 to 31 May 2025

Directors | SU, Ms Xiaoyu
| ZHANG, Gang

Registered Address | 14a Nicolson Street
| Edinburgh
| EH8 9DH

Registered Number | SC753191 (Scotland)

GXY UK LIMITED
Balance Sheet as at
31 May 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Intangible assets | 3 |  |  | 29,652 |  |  |  | 32,569
Tangible assets | 4 |  |  | 32,969 |  |  |  | 42,969
Investments | 6 |  |  | 104 |  |  |  | -
Investment property | 5 |  |  | 679,790 |  |  |  | 412,240
|  |  |  | 742,515 |  |  |  | 487,778
Current assets |  |  |  |  |  |  |  |
Debtors | 7 | 9,289 |  |  |  | 5,829 |  |
Cash at bank and on hand |  | 19,617 |  |  |  | 2,290 |  |
|  | 28,906 |  |  |  | 8,119 |  |
Creditors amounts falling due within one year | 8 | (300,157) |  |  |  | (291,628) |  |
Net current assets (liabilities) |  |  |  | (271,251) |  |  |  | (283,509)
Total assets less current liabilities |  |  |  | 471,264 |  |  |  | 204,269
Creditors amounts falling due after one year | 9 |  |  | (415,632) |  |  |  | (230,437)
Net assets |  |  |  | 55,632 |  |  |  | (26,168)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  | 55,630 |  |  |  | (26,170)
Shareholders' funds |  |  |  | 55,632 |  |  |  | (26,168)

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 February 2026, and are signed on its behalf by:
ZHANG, Gang Director Registered Company No. SC753191

GXY UK LIMITED
Notes to the Financial Statements
for the year ended 31 May 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Turnover policy
--- | ---
| Turnover represents the value of rental income receivable for the year.

| Operating leases
--- | ---
| Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

| Finance costs
--- | ---
| Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

| Amortisation
--- | ---
| The lease premium is amortised over the 12 year term of the lease.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Straight line (years)
| Fixtures and fittings | 5

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Investment property
--- | ---
| The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

| Financial instruments
--- | ---
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Intangible assets
--- | ---

|  | Other |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 June 24 | 35,000 |  | 35,000
| At 31 May 25 | 35,000 |  | 35,000
| Amortisation and impairment
| At 01 June 24 | 2,431 |  | 2,431
| Charge for year | 2,917 |  | 2,917
| At 31 May 25 | 5,348 |  | 5,348
| Net book value
| At 31 May 25 | 29,652 |  | 29,652
| At 31 May 24 | 32,569 |  | 32,569

4. | Tangible fixed assets
--- | ---

|  | Fixtures & fittings |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 June 24 | 50,000 |  | 50,000
| At 31 May 25 | 50,000 |  | 50,000
| Depreciation and impairment
| At 01 June 24 | 7,031 |  | 7,031
| Charge for year | 10,000 |  | 10,000
| At 31 May 25 | 17,031 |  | 17,031
| Net book value
| At 31 May 25 | 32,969 |  | 32,969
| At 31 May 24 | 42,969 |  | 42,969

5. | Investment property
--- | ---
| The director's consider the costs of the property to be an accurate valuation at the year end.

|  | £
| Fair value at 01 June 24 | 412,240
| Additions | 267,550
| At 31 May 25 | 679,790

6. | Fixed asset investments
--- | ---

|  | Other investments1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| Additions | 104 |  | 104
| At 31 May 25 | 104 |  | 104
| Net book value
| At 31 May 25 | 104 |  | 104
| At 31 May 24 | - |  | -

| Notes
--- | ---
| 1Other investments other than loans

7. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Deferred tax asset, debtors | 9,289 |  | 5,829
| Total | 9,289 |  | 5,829

8. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 17,333 |  | 17,333
| Other creditors | 277,968 |  | 266,755
| Accrued liabilities and deferred income | 4,856 |  | 7,540
| Total | 300,157 |  | 291,628

| Included within other creditors are loans from the director and loans from related companies These are interest free and repayable on demand.

9. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 415,632 |  | 230,437
| Total | 415,632 |  | 230,437

| Included within bank borrowings are mortgages secured over the assets of the company.

10. | Secured creditors
--- | ---
| The bank loans are secured over the assets of the company.

11. | Related party transactions
--- | ---
| Included within other creditors is a loan balance due to the directors amounting to £36,502 (2024: £36,400) at the year end.