GMS 2016 PROPERTY LTD


Directors	SUGARMAN, Grant Michael
	SUGARMAN, Peter Lewis


Registered Address	Kinetic Business Centre
	Theobald Street
	Borehamwood
	WD6 4PJ


Registered Number	10225849 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	31 Dec 2025		30 Jun 2024
		£	£	£	£
Fixed assets
Investments	3		-		340,000
			-		340,000
Current assets
Cash at bank and on hand		250		-
		250		-
Creditors amounts falling due within one year	4	(10,397)		(76,798)
Net current assets (liabilities)			(10,147)		(76,798)
Total assets less current liabilities			(10,147)		263,202
Creditors amounts falling due after one year	5		(55,347)		(319,287)
Net assets			(65,494)		(56,085)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(65,495)		(56,086)
Shareholders' funds			(65,494)		(56,085)

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 20 May 2026, and are signed on its behalf by:

SUGARMAN, Grant Michael
Director
Registered Company No. 10225849

GMS 2016 PROPERTY LTD

Notes to the Financial Statements
for the period ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. 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).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments
	The investment property shown in the balance sheet has been recorded at cost of acquisition plus attributable costs. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 July 24	340,000
	Revaluations	(17,500)
	Disposals	(322,500)
	Net book value
	At 31 December 25	-
	At 30 June 24	340,000

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	6,000
Bank borrowings and overdrafts	-	2
Other creditors	8,597	68,997
Accrued liabilities and deferred income	1,800	1,799
Total	10,397	76,798

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	263,796
Other creditors	55,347	55,491
Total	55,347	319,287