Company registration number SC826513 (Scotland)
GHCS PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
GHCS PROPERTIES LIMITED
Contents
Page
Accountants' report
1
Statement of financial position
2
Notes to the financial statements
3 - 7
GHCS PROPERTIES LIMITED
Report To The Director On The Preparation Of The Unaudited Statutory Accounts Of Ghcs Properties Limited
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GHCS Properties Limited for the period ended 31 October 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the b oard of d irectors of GHCS Properties Limited, as a body, in accordance with the terms of our engagement letter dated 5 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of GHCS Properties Limited and state those matters that we have agreed to state to the b oard of d irectors of GHCS Properties Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GHCS Properties Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that GHCS Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GHCS Properties Limited. You consider that GHCS Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of GHCS Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Condie & Co Limited trading as Dains
Chartered Accountants
10 Abbey Park Place
Dunfermline
Fife
KY12 7NZ
12 March 2026
GHCS PROPERTIES LIMITED
Statement Of Financial Position
As At 31 October 2025
- 2 -
2025
Notes
£
£
Fixed assets
Investments
4
1,135,000
Current assets
Stocks
59,523
Debtors
6
55,215
Cash at bank and in hand
7,471
122,209
Creditors: amounts falling due within one year
7
(84,692)
Net current assets
37,517
Net assets
1,172,517
Capital and reserves
Called up share capital
8
1,135,000
Profit and loss reserves
37,517
Total equity
1,172,517

For the financial period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 12 March 2026
Mr G J Hepburn
Director
Company registration number SC826513 (Scotland)
GHCS PROPERTIES LIMITED
Notes To The Financial Statements
For The Period Ended 31 October 2025
- 3 -
1
Accounting policies
Company information

GHCS Properties Limited is a private company limited by shares incorporated in Scotland. The registered office is Lochlands Viaduct, Larbert, Stirlingshire, FK5 3NN.

1.1
Basis of preparation

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 a mounts 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 has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

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 statement of financial position 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.

GHCS PROPERTIES LIMITED
Notes To The Financial Statements (Continued)
For The Period Ended 31 October 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. 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. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

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.

1.7
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

GHCS PROPERTIES LIMITED
Notes To The Financial Statements (Continued)
For The Period Ended 31 October 2025
- 5 -
3
Employees

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

2025
Number
Total
0
4
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
1,135,000
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 21 October 2024
-
Additions
4,150,020
Disposals
(3,015,020)
At 31 October 2025
1,135,000
Carrying amount
At 31 October 2025
1,135,000
GHCS PROPERTIES LIMITED
Notes To The Financial Statements (Continued)
For The Period Ended 31 October 2025
- 6 -
5
Subsidiaries

Details of the company's subsidiaries at 31 October 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Hescott Holdings Limited
Lochlands Viaduct
Larbert
Stirlingshire
FK5 3NN
Purchase of investment property
Ordinary
100.00
6
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
55,001
Other debtors
214
55,215
7
Creditors: amounts falling due within one year
2025
£
Trade creditors
601
Corporation tax
8,151
Other creditors
75,940
84,692
8
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary B shares of £1 each
1,135,000
1,135,000

The company was incorporated with one £1 Ordinary share. On 25 October 2024, 15,034,999 £1 Ordinary shares were allotted. On 28 October 2024 these shares were reclassified to 13,900,000 Ordinary A shares of £1 each and 1,135,000 Ordinary B shares of £1 each. On 28 October 2024 all of the £1 Ordinary A shares were cancelled leaving issued share capital of 1,135,000 Ordinary B shares of £1 each.

9
Related party transactions

The company has taken advantage of Section 1AC35 of FRS 102 whereby only material transactions which are not under the normal market conditions need to be disclosed.

GHCS PROPERTIES LIMITED
Notes To The Financial Statements (Continued)
For The Period Ended 31 October 2025
- 7 -
10
Director's transactions
Advances
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Gavin Hepburn
-
-
(35,000)
(35,000)
-
(35,000)
(35,000)

The balance due to the director, which is included in other creditors, is interest free and repayable on demand.

2025-10-31 2024-10-21 false false false 12 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr G J Hepburn SC826513 2024-10-21 2025-10-31 SC826513 2025-10-31 SC826513 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 SC826513 core:WithinOneYear 2025-10-31 SC826513 core:CurrentFinancialInstruments 2025-10-31 SC826513 core:ShareCapital 2025-10-31 SC826513 core:RetainedEarningsAccumulatedLosses 2025-10-31 SC826513 core:ShareCapitalOrdinaryShareClass2 2025-10-31 SC826513 bus:Director1 2024-10-21 2025-10-31 SC826513 core:Subsidiary1 2024-10-21 2025-10-31 SC826513 core:Subsidiary1 1 2024-10-21 2025-10-31 SC826513 bus:OrdinaryShareClass2 2024-10-21 2025-10-31 SC826513 bus:OrdinaryShareClass2 2025-10-31 SC826513 bus:PrivateLimitedCompanyLtd 2024-10-21 2025-10-31 SC826513 bus:SmallCompaniesRegimeForAccounts 2024-10-21 2025-10-31 SC826513 bus:FRS102 2024-10-21 2025-10-31 SC826513 bus:AuditExemptWithAccountantsReport 2024-10-21 2025-10-31 SC826513 bus:FullAccounts 2024-10-21 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP