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REGISTERED NUMBER: 13233754 (England and Wales)

| GES ESTATES LTD |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2026 |

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

GES ESTATES LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2026

| DIRECTORS: | M J Salter

| T A Banos

| REGISTERED OFFICE: | 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

| REGISTERED NUMBER: | 13233754 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

STATEMENT OF FINANCIAL POSITION

28 FEBRUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 260 |  | 520 |  |

Investment property | 5 | 1,487,750 |  | 1,576,966 |  |

1,488,010 |  | 1,577,486 |  |

CURRENT ASSETS

Debtors | 6 | 12,216 |  | 13,763 |  |

Cash at bank | 30,721 |  | 3,906 |  |

42,937 |  | 17,669 |  |

CREDITORS

Amounts falling due within one year | 7 | 457,947 |  | 7,995 |  |

NET CURRENT (LIABILITIES)/ASSETS | (415,010 | ) | 9,674 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,073,000 |  | 1,587,160 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 1,082,866 |  | 1,607,418 |  |

NET LIABILITIES | (9,866 | ) | (20,258 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | (9,966 | ) | (20,358 | ) |

SHAREHOLDERS' FUNDS | (9,866 | ) | (20,258 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

STATEMENT OF FINANCIAL POSITION - continued

28 FEBRUARY 2026

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:

M J Salter - Director

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1. | STATUTORY INFORMATION

| GES Estates 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.

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.

| The statement of financial position shows net liabilities of £9,866 (2025: £20,258). The directors have considered the position and confirmed that they will continue to support the company for the foreseeable future and the financial statements should be prepared on a going concern basis.

| Revenue

| Revenue represents invoiced rental income. Revenue is recognised in the period in which the properties are let.

| Tangible fixed assets

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

| Property, plant and equipment - 20% straight line balance

| Property, plant and equipment is 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 or 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 the income statement.

| Financial instruments

| The company has chosen to adopt the FRS102 1A in respect of financial instruments.

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| 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 statement of financial position date.

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2025 - 1 ).

4. | PROPERTY, PLANT AND EQUIPMENT

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2025

| and 28 February 2026 | 1,300 |  |

| DEPRECIATION

| At 1 March 2025 | 780 |  |

| Charge for year | 260 |  |

| At 28 February 2026 | 1,040 |  |

| NET BOOK VALUE

| At 28 February 2026 | 260 |  |

| At 28 February 2025 | 520 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2025 | 1,576,966 |  |

| Disposals | (89,216 | ) |

| At 28 February 2026 | 1,487,750 |  |

| NET BOOK VALUE

| At 28 February 2026 | 1,487,750 |  |

| At 28 February 2025 | 1,576,966 |  |

| Fair value at 28 February 2026 is represented by:

£ |

| Valuation in 2026 | 1,487,750 |  |

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

5. | INVESTMENT PROPERTY - continued

| 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.

| The company's investment properties were valued by Mark Salter, the director, on an open market basis.

6. | DEBTORS

2026 | 2025 |

£ | £ |

| Amounts falling due within one year:

| Other debtors | 1,686 |  | 1,856 |  |

| Amounts falling due after more than one year:

| Other debtors | 10,530 |  | 11,907 |  |

| Aggregate amounts | 12,216 |  | 13,763 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 260 |  | - |  |

| Taxation and social security | 2,000 |  | 1,000 |  |

| Other creditors | 455,687 |  | 6,995 |  |

457,947 |  | 7,995 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans | 1,034,207 |  | 1,103,227 |  |

| Other creditors | 48,659 |  | 504,191 |  |

1,082,866 |  | 1,607,418 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 1,034,207 |  | 1,103,227 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 1,034,207 |  | 1,103,227 |  |

| Bank loans are secured over the company's assets.

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 60 | A - Ordinary | £1 | 60 |  | 60 |  |

| 20 | B - Ordinary | £1 | 20 |  | 20 |  |

| 20 | C - Ordinary | £1 | 20 |  | 20 |  |

100 |  | 100 |  |