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REGISTERED NUMBER: 03220210 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

G & C Wastepaper Company Limited

G & C Wastepaper Company Limited (Registered number: 03220210)

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

Statement of Financial Position | 1 |

Notes to the Financial Statements | 3 |

G & C Wastepaper Company Limited (Registered number: 03220210)

Statement of Financial Position

31 July 2025

| 31.7.25 | 31.7.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 1,292,097 |  | 1,376,178 |  |

CURRENT ASSETS

Inventories | 10,000 |  | 10,000 |  |

Debtors | 5 | 5,139,752 |  | 4,653,373 |  |

Cash at bank | 391,126 |  | 609,381 |  |

5,540,878 |  | 5,272,754 |  |

CREDITORS

Amounts falling due within one year | 6 | 525,834 |  | 457,946 |  |

NET CURRENT ASSETS | 5,015,044 |  | 4,814,808 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,307,141 |  | 6,190,986 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (406,364 | ) | (527,571 | ) |

PROVISIONS FOR LIABILITIES | (209,011 | ) | (230,031 | ) |

NET ASSETS | 5,691,766 |  | 5,433,384 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Revaluation reserve | 8 | 571,866 |  | 571,866 |  |

Retained earnings | 5,119,800 |  | 4,861,418 |  |

SHAREHOLDERS' FUNDS | 5,691,766 |  | 5,433,384 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

G & C Wastepaper Company Limited (Registered number: 03220210)

Statement of Financial Position - continued

31 July 2025

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2026 and were signed by:

Mr Gerard Jerzy Littwin - Director

G & C Wastepaper Company Limited (Registered number: 03220210)

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| G & C Wastepaper Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 03220210

| Registered office: | Unit H R D Park,

| Stephenson Close,

| Hoddesdon

| Hertfordshire

| EN11 0BW

| The presentation currency of the financial statements is the Pound Sterling (£).

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

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

G & C Wastepaper Company Limited (Registered number: 03220210)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loads from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| 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.

| Impairment

| A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

G & C Wastepaper Company Limited (Registered number: 03220210)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| Employee benefits

| The cost of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognise as part of the cost of stock or fixed assets.

| The cost of any material unused holiday entitlement is recognised in a period in which the employees services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment or to provide termination benefits.

| Lease and hire purchase

| Assets held under hire purchase or lease purchase agreements, and assets held under financial leases, which confer rights and obligations similar to those attaching to owned assets, are capitalised as tangible fixed assets and deprecated in accordance with the above tangible fixed asset note. The capital element of future finance lease obligation and hire purchase or lease purchase obligations is recorded as a liability, while the interest element is charged to the profit and loss account over the period of the agreement in proportion to capital balance outstanding.

| Rentals under operating leases are charged to the profit and loss account as they fall due.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2024 - 10 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Freehold |  | Plant and |  | Motor |  | Office |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 August 2024 | 1,485,412 |  | 958,279 |  | 770,142 |  | 12,778 |  | 3,226,611 |  |

| Additions | - |  | - |  | - |  | 343 |  | 343 |  |

| At 31 July 2025 | 1,485,412 |  | 958,279 |  | 770,142 |  | 13,121 |  | 3,226,954 |  |

| DEPRECIATION

| At 1 August 2024 | 405,125 |  | 830,076 |  | 604,421 |  | 10,811 |  | 1,850,433 |  |

| Charge for year | 23,186 |  | 19,231 |  | 41,430 |  | 577 |  | 84,424 |  |

| At 31 July 2025 | 428,311 |  | 849,307 |  | 645,851 |  | 11,388 |  | 1,934,857 |  |

| NET BOOK VALUE

| At 31 July 2025 | 1,057,101 |  | 108,972 |  | 124,291 |  | 1,733 |  | 1,292,097 |  |

| At 31 July 2024 | 1,080,287 |  | 128,203 |  | 165,721 |  | 1,967 |  | 1,376,178 |  |

G & C Wastepaper Company Limited (Registered number: 03220210)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade debtors | 210,116 |  | 203,885 |  |

| Amounts owed by participating interests | 4,929,636 |  | 4,444,988 |  |

| Other debtors | - |  | 4,500 |  |

5,139,752 |  | 4,653,373 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans and overdrafts | 169,200 |  | 191,614 |  |

| Hire purchase contracts | - |  | 5,089 |  |

| Trade creditors | 59,746 |  | 27,953 |  |

| Taxation and social security | 181,216 |  | 179,799 |  |

| Other creditors | 115,672 |  | 53,491 |  |

525,834 |  | 457,946 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans | 406,364 |  | 527,571 |  |

8. | RESERVES

| Revaluation

| reserve

£ |

| At 1 August 2024

| and 31 July 2025 | 571,866 |  |