REGISTERED NUMBER: SC581191 (Scotland)

Unaudited Financial Statements

For The Year Ended 30 April 2026

for

GNG Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

L Macintyre

G Whyte

REGISTERED OFFICE:

24 Westfield Drive

Bearsden

Glasgow

G61 1HZ

REGISTERED NUMBER:

SC581191 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

1,029,134

961,369

CURRENT ASSETS

Debtors

5

82,205

104,738

CREDITORS

Amounts falling due within one year

6

524,477

558,189

NET CURRENT LIABILITIES

(442,272

)

(453,451

)

TOTAL ASSETS LESS CURRENT LIABILITIES

586,862

507,918

CREDITORS

Amounts falling due after more than one year

7

568,580

582,518

NET ASSETS/(LIABILITIES)

18,282

(74,600

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

18,281

(74,601

)

18,282

(74,600

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

L Macintyre - Director

1.	STATUTORY INFORMATION

GNG Property Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

The Financial Statements have been prepared on a going concern basis and the company is reliant on the support of the bank.

Turnover

Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Short leasehold

-

33% on cost

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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 are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

Computer

property

leasehold

machinery

equipment

Totals

£

£

£

£

£

COST

At 1 May 2025

1,022,493

20,806

4,566

3,074

1,050,939

Additions

-

-

-

1,920

1,920

At 30 April 2026

1,022,493

20,806

4,566

4,994

1,052,859

DEPRECIATION

At 1 May 2025

72,976

13,408

1,644

1,542

89,570

Charge for year

(72,976

)

5,548

584

999

(65,845

)

At 30 April 2026

-

18,956

2,228

2,541

23,725

NET BOOK VALUE

At 30 April 2026

1,022,493

1,850

2,338

2,453

1,029,134

At 30 April 2025

949,517

7,398

2,922

1,532

961,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

1,176

41,258

Other debtors

81,029

63,480

82,205

104,738

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans and overdrafts

13,246

13,559

Finance leases

1,849

5,548

Trade creditors

12,313

34,511

Taxation and social security

11,143

3,244

Other creditors

485,926

501,327

524,477

558,189

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans

12,368

15,875

Finance leases

-

1,849

Other creditors

556,212

564,794

568,580

582,518

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

989

Other loans more 5yrs instal

513,730

525,714

513,730

526,703

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.26

30.4.25

£

£

Other loans

564,795

572,690

The Royal Bank of scotland hold the following securities:

1. 1 Strathaven Terrace - SC58 1191 0002

2. Floating charge over all properties - SC 58 1191 0001

Shawbrook bank holds the following security:

1. 14 B Dalintart Drive- SC58 1191 0003

The mortgage Lender holds the following security:

1.123 Cadder Road - SC58 1191 0004

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GNG Property Ltd for the year ended 30 April 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of GNG Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GNG Property Ltd and state those matters that we have agreed to state to the Board of Directors of GNG Property Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GNG Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GNG Property Ltd. You consider that GNG Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GNG Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

28 May 2026