REGISTERED NUMBER: 04820397 (England and Wales)

G & B PROJECTS LTD

UNAUDITED 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

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

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.

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

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 ) .

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

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.