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Registered number: 13384937 GY 1900 LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
GY 1900 LTD CONTENTS
| Page
Statement of Financial Position | 1
Notes to the Financial Statements | 2 - 5
GY 1900 LTD REGISTERED NUMBER: 13384937 STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 3 |  | 3
Current assets |  |  |  |  |
Stocks | 5 | 8,892,098 |  | 3,329,445 |
Debtors: amounts falling due within one year | 6 | - |  | 60,123 |
Cash at bank and in hand |  | - |  | 677 |
|  | 8,892,098 |  | 3,390,245 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 7 | (8,931,730) |  | (3,399,262) |
Net current liabilities |  |  | (39,632) |  | (9,017)
Net liabilities |  |  | (39,629) |  | (9,014)
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 1 |  | 1
Profit and loss account |  |  | (39,630) |  | (9,015)
|  |  | (39,629) |  | (9,014)
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2026.
T H Shutes
Director
The notes on pages 2 to 5 form part of these financial statements. Page 1
GY 1900 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
GY 1900 Ltd is a private limited liability company registered in England and Wales with its registered office address at 2nd Floor Connaught House, 1-3 Mount Street (Entrance via Davies Street), London W1K 3NB. The principal activity of the Company is that of property development. The functional and presentational currency of the Company is £ Sterling. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
| 2.3 | Going concern
The company is dependent on financial support from its parent undertaking, Westheath Projects Limited. At the Statement of Financial Position date, the company had net current liabilities of £39,629 and stocks of approximately £8.9m, wholly financed by amounts due to the parent undertaking. The director, who is also the director of the parent undertaking, has confirmed that the parent will continue to provide financial support to the company and will not seek repayment of amounts due for a period of at least twelve months from the date of approval of these financial statements. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Page 2
GY 1900 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.6 | Stocks
Stocks and work in progress are stated at the lower of cost and net realisable value. Cost for this purposes comprises the purchase cost of land and buildings, subsequent development expenditure overheads and capitalised interest charges. In considering the net realisable value of land and properties it is assumed that developments will be completed and sold in the ordinary course of the Company's business and that they would not be placed on the market for immediate sale.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price.
3. | Employees
| The director was the only employee of the Company during the current and preceding year.
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 1 June 2024 | 3
| At 31 May 2025 | 3
Page 3
GY 1900 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Development property | 8,892,098 | 3,329,445
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors - VAT recoverable | - | 60,123
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 147,369
| Amounts owed to group undertakings | 3 | 3
| Other creditors | 8,920,477 | 3,244,390
| Accruals and deferred income | 11,250 | 7,500
|  | 8,931,730 | 3,399,262
| Rechargeable costs totalling £3,244,390 incurred on the company's behalf by its parent company to 31 May 2024 previously disclosed as amounts due to group companies have been reclassified as other creditors in the comparative figures.
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 Ordinary share of £1 | 1 | 1
9. | Related party transactions
| The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
Page 4
GY 1900 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
10. | Controlling party
The immediate and ultimate parent undertaking is Westheath Projects Limited, a company registered in England and Wales.
Page 5