G C Interiors Construction Limited


G C INTERIORS CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2025



































Company Registration Number: 08684058

G C INTERIORS CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

G C INTERIORS CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2025


DIRECTORS

Gareth Chalmers
Nicola Chalmers


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

146 Cumnor Hill
Oxford
OX2 9PW


COMPANY REGISTRATION NUMBER

08684058 England and Wales

G C INTERIORS CONSTRUCTION LIMITED

BALANCE SHEET
AS AT 31 AUGUST 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Investments	6		2,333,612		950,000

CURRENT ASSETS
Debtors	7	51		20
Cash at bank and in hand		4,701		1,521


		4,752		1,541

CREDITORS: Amounts falling due within one year	8	514,487		476,554
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(509,735)		(475,013)


TOTAL ASSETS LESS CURRENT LIABILITIES			1,823,877		474,987

CREDITORS: Amounts falling due after more than one year	9		360,856		402,077
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			2,139		2,139


NET ASSETS			1,460,882		70,771


CAPITAL AND RESERVES
Called up share capital			201		2
Share premium account			1,383,508		-
Distributable profit and loss account			68,054		61,650
Non distributable profit and loss account			9,119		9,119


SHAREHOLDERS' FUNDS			1,460,882		70,771

G C INTERIORS CONSTRUCTION LIMITED

BALANCE SHEET
AS AT 31 AUGUST 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




Gareth Chalmers						Nicola Chalmers
Director						Director

Date approved by the board: 28 May 2026

G C INTERIORS CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


1	GENERAL INFORMATION

	G C Interiors Construction Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	146 Cumnor Hill
	Oxford
	OX2 9PW

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its bank £401,438 and its subsidiary £470,800, both of which could be required for repayment without notice. The company is therefore dependent upon the continued support of the bank and its subsidiary. The directors do not consider the support of the bank and its subsidiary likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents the value of rent receivable. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Investment properties

	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

	Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

G C INTERIORS CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Investments

	Investments in subsidiaries are shown at fair value less accumulated impairment losses.

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

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

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

G C INTERIORS CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.


	Current and deferred tax assets and liabilities are not discounted.

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The directors have made key assumptions in determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

4	EMPLOYEES

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

		2025	2024
	Average number of employees	2	2

G C INTERIORS CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


6	FIXED ASSET INVESTMENTS
		Investment property	Investment in subsidiary	Total
		£	£	£
	Cost
	At 1 September 2024	950,000	-	950,000

	Additions	-	1,383,612	1,383,612


	At 31 August 2025	950,000	1,383,612	2,333,612


	Net book value
	At 1 September 2024	950,000	-	950,000


	At 31 August 2025	950,000	1,383,612	2,333,612


	In the opinion of the directors, the investment property has been stated at fair value.

7	DEBTORS
			2025	2024
			£	£
	Other debtors		51	20


8	CREDITORS: Amounts falling due within one year
			2025	2024
			£	£
	Bank loans and overdrafts		40,582	37,911
	Taxation and social security		1,502	304
	Accruals and deferred income		1,603	1,602
	Other creditors		470,800	436,737


			514,487	476,554


9	CREDITORS: Amounts falling due after more than one year
			2025	2024
			£	£
	Bank loans and overdrafts		360,856	402,077


	Included in the amounts falling due after more than one year are the following amounts which are due in more
	than five years:
			2025	2024
			£	£
	Bank loans and overdrafts		166,995	218,741

G C INTERIORS CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


10	SECURED DEBTS

	The company has a bank loan with Barclays Bank PLC which is secured on the investment property 146 Cumnor Hill. The interest rate was 6.5% as at 31 August 2025.

11	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	G C Interiors Oxford Limited		Wholly own subsidiary

	During the year, the following transactions with related parties took place:

	G and N Chalmers
	Directors			2025	2024
				£	£
	Directors loan accounts	Amounts loaned to the company		-	29,752


	G C Homes Oxford Limited
	Associated company			2025	2024
				£	£
	Intercompany account	Amounts owed by associated company		20	20