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REGISTERED NUMBER: 04820397 (England and Wales)

| G & B PROJECTS LTD |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 OCTOBER 2025 |

G & B PROJECTS LTD (REGISTERED NUMBER: 04820397)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 6

G & B PROJECTS LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | G W Barton

| B Barton

| SECRETARY: | B Barton

| REGISTERED OFFICE: | Hall Farm

| Saundby

| Retford

| Nottinghamshire

| DN22 9ER

| REGISTERED NUMBER: | 04820397 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 14 London Road

| Newark

| Nottinghamshire

| NG24 1TW

G & B PROJECTS LTD (REGISTERED NUMBER: 04820397)

STATEMENT OF FINANCIAL POSITION

31 OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 65,651 |  | 48,000 |  |

Investment property | 5 | 895,000 |  | 811,606 |  |

960,651 |  | 859,606 |  |

CURRENT ASSETS

Stocks | 1,000 |  | 1,000 |  |

Debtors | 6 | 562 |  | 1,597 |  |

Cash at bank | 34,554 |  | 28,511 |  |

36,116 |  | 31,108 |  |

CREDITORS

Amounts falling due within one year | 7 | 219,317 |  | 199,943 |  |

NET CURRENT LIABILITIES | (183,201 | ) | (168,835 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 777,450 |  | 690,771 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (310,000 | ) | (320,000 | ) |

PROVISIONS FOR LIABILITIES | (70,352 | ) | (50,553 | ) |

NET ASSETS | 397,098 |  | 320,218 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 10,000 |  | 10,000 |  |

Fair value reserve | 11 | 219,973 |  | 157,428 |  |

Retained earnings | 167,125 |  | 152,790 |  |

SHAREHOLDERS' FUNDS | 397,098 |  | 320,218 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

G & B PROJECTS LTD (REGISTERED NUMBER: 04820397)

STATEMENT OF FINANCIAL POSITION - continued

31 OCTOBER 2025

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 27 May 2026 and were signed on its behalf by:

G W Barton - Director

G & B PROJECTS LTD (REGISTERED NUMBER: 04820397)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| G & B Projects Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue is recognised when the significant risks and rewards have passed to the customer, 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 that the costs incurred, or to be incurred, in respect of the transaction, can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance and 15% on reducing balance

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

G & B PROJECTS LTD (REGISTERED NUMBER: 04820397)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 November 2024 | 108,085 |  |

| Additions | 40,000 |  |

| Disposals | (23,000 | ) |

| At 31 October 2025 | 125,085 |  |

| DEPRECIATION

| At 1 November 2024 | 60,085 |  |

| Charge for year | 19,790 |  |

| Eliminated on disposal | (20,441 | ) |

| At 31 October 2025 | 59,434 |  |

| NET BOOK VALUE

| At 31 October 2025 | 65,651 |  |

| At 31 October 2024 | 48,000 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024 | 811,606 |  |

| Revaluations | 83,394 |  |

| At 31 October 2025 | 895,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 895,000 |  |

| At 31 October 2024 | 811,606 |  |

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2019 | 223,611 |  |

| Valuation in 2020 | 66,562 |  |

| Valuation in 2021 | (85,373 | ) |

| Valuation in 2025 | 83,394 |  |

| Cost | 606,806 |  |

895,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 415 |  | 1,134 |  |

| Other debtors | 147 |  | 463 |  |

562 |  | 1,597 |  |

G & B PROJECTS LTD (REGISTERED NUMBER: 04820397)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 20,041 |  | 20,000 |  |

| Trade creditors | 1,316 |  | 1,784 |  |

| Taxation and social security | 6,269 |  | 6,310 |  |

| Other creditors | 191,691 |  | 171,849 |  |

219,317 |  | 199,943 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 310,000 |  | 320,000 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 230,000 |  | 240,000 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 330,000 |  | 340,000 |  |

| The bank loans are secured against investment property

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10,000 | Ordinary | £1 | 10,000 |  | 10,000 |  |

11. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 November 2024 | 157,428 |  |

| Deferred Tax on Investments | (20,849 | ) |

| Revaluations | 83,394 |  |

| At 31 October 2025 | 219,973 |  |

| The aggregate surplus on revaluation of investment properties, net of associated deferred tax, is transferred to a separate non-distributable reserve in order to assist with the identification of those which are available for distribution.