GYG PROPERTIES LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC544058

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		152,340		152,340

			152,340		152,340
CURRENT ASSETS
Cash at bank and in hand		41,852		29,081

		41,852		29,081
Creditors: Amounts Falling Due Within One Year	5	(124,514 )		(124,640 )

NET CURRENT ASSETS (LIABILITIES)			(82,662 )		(95,559 )

TOTAL ASSETS LESS CURRENT LIABILITIES			69,678		56,781

NET ASSETS			69,678		56,781

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			69,578		56,681

SHAREHOLDERS' FUNDS			69,678		56,781

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GYG PROPERTIES LTD

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms J Yu

Director

25 May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GYG PROPERTIES LTD is a private company, limited by shares, incorporated in Åland Islands, registered number SC544058 . The registered office is 21 Honeywell Avenue, Glasgow, G33 6HS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.

2.3. Investment Properties

All investment properties are propeties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition:

1) Invesment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Changes in fair value are recognised in the profit and loss account.

2) No depreciation is provided for.

The company's commercial invesmtent properties are valued by the director based on her understanding of property market conditions and the specific properties concerned using income capitalisation method, requiring the application of an appropriate market based yield to net operating income.

2.4. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 instruments

Other creditors

Trade creditors and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument.

2.5. Taxation

Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is expected tax payable or receivable on the taxable income or loss for the year, using rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

2.6. Acquisitions and disposals of properties

Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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GYG PROPERTIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 September 2024	152,340

As at 31 August 2025	152,340

Net Book Value
As at 31 August 2025	152,340

As at 1 September 2024	152,340

Cost or valuation as at 31 August 2025 represented by:

	Investment Properties
	£
At valuation	152,340

	152,340

The company's investment properties are included in the Financial Statements at Director's valuation.

The company's residential property valued using a sales valuation approach, derived from recent comparable transactions in the market, adjusted by applying discounts to reflect status of occupation and condition.

The company's commercial property valued using the income capitalisation method, requiring the application of an appropriate market based yield to net operating income. Adjustments are made to allow for voids when less than five years are left under the current tenancy and to reflect market rent at the point of lease expiry or rent review.

The historical cost of investment properties are £152,340.

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	3,025	3,185
Other creditors	120,089	120,055
Accruals and deferred income	1,400	1,400

	124,514	124,640

Other creditors include amounts aggregating £100,952 (2024: £100,952) due to the director of the company. The loans are interest free and repayable on demand.

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100

7. Ultimate Controlling Party

The company's ultimate controlling party is J Yu by virtue of his ownership of 100% of the issued share capital in the company.

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GYG PROPERTIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Accounting estimates and judgements

1) Property valuations

The valuation of the company's property portfolio is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

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