Company No: 04005019 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	G Bacheta
	A Bacheta

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

04005019 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	30.04.2025		30.04.2024
		£		£
Fixed assets
Tangible assets	3	1,699		0
Investment property	4	6,142,500		6,142,500
		6,144,199		6,142,500
Current assets
Debtors	5	29,032		235,530
Cash at bank and in hand		77,015		97,327
		106,047		332,857
Creditors: amounts falling due within one year	6	( 221,057)		( 242,246)
Net current (liabilities)/assets		(115,010)		90,611
Total assets less current liabilities		6,029,189		6,233,111
Creditors: amounts falling due after more than one year	7	( 1,228,509)		( 1,280,213)
Provision for liabilities		( 815,975)		( 815,975)
Net assets		3,984,705		4,136,923
Capital and reserves
Called-up share capital		200		200
Profit and loss account		3,984,505		4,136,723
Total shareholders' funds		3,984,705		4,136,923

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of B & G Properties (GB) Limited (registered number: 04005019) were approved and authorised for issue by the Board of Directors on 23 April 2026. They were signed on its behalf by:

G Bacheta Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

B & G Properties (GB) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

These financial statements have been prepared to 30 April 2025, a period of 12 months. The comparative financial statements cover an 11 month period ending 30 April 2024, therefore figures are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental income provided in the normal course of business.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	4 years straight line
Computer equipment	3 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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 payments 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. Amounts 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Year ended 30.04.2025		Period from 01.06.2023 to 30.04.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 May 2024	21,421		0		21,421
Additions	0		1,699		1,699
Disposals	( 21,421)		0		( 21,421)
At 30 April 2025	0		1,699		1,699
Accumulated depreciation
At 01 May 2024	21,421		0		21,421
Disposals	( 21,421)		0		( 21,421)
At 30 April 2025	0		0		0
Net book value
At 30 April 2025	0		1,699		1,699
At 30 April 2024	0		0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 May 2024	6,142,500
As at 30 April 2025	6,142,500

The fair value of the investment properties have been arrived at on the basis of valuations undertaken by the directors of the company, who have recent experience in the locations and classes of the investment properties being valued. The valuations were made on an open market basis by reference to market evidence of transaction prices for similar properties and the directors consider the carrying amount of the investment properties approximates to their fair value.

5. Debtors

	30.04.2025		30.04.2024
	£		£
Trade debtors	0		1,500
Amounts owed by connected companies	0		750
Other debtors	29,032		233,280
	29,032		235,530

6. Creditors: amounts falling due within one year

	30.04.2025		30.04.2024
	£		£
Bank loans	10,484		10,225
Trade creditors	1,572		1,403
Amounts owed to connected companies	50,906		65,442
Corporation tax	33,652		109,688
Other taxation and social security	17,679		124
Other creditors	106,764		55,364
	221,057		242,246

7. Creditors: amounts falling due after more than one year

	30.04.2025		30.04.2024
	£		£
Bank loans	1,228,509		1,280,213

The Bank of Cyprus UK has charges against certain properties held by the company that restrict the company from creating further security that ranks equally or ahead of their charge.

8. Related party transactions

Other related party transactions

At the year end, the company was owed £5,365 (2024 - £16,756) by G Bacheta, the director of the company, in respect of a loan bearing 2.25% interest. The loan was repaid within 9 months of the year end.

The company was owed £18,010 (2024 - £109,807) by B & G Partnership, a partnership jointly controlled by the directors G Bacheta and A Bacheta.

The company owed £48,554 (2024 - £65,442) to Bachetta Ltd, a company controlled by the director A Bacheta.

The company owed £2,352 to (2024- was owed £750 by) Tradelink (Ilford) Limited, a company controlled by the director G Bacheta.