GIWI PROPERTIES LTD

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 10996760

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		191		255
Investment Properties	5		385,700		375,950

			385,891		376,205
CURRENT ASSETS
Debtors	6	2,021		5,400
Cash at bank and in hand		9,953		4,700

		11,974		10,100
Creditors: Amounts Falling Due Within One Year	7	(137,638 )		(144,970 )

NET CURRENT ASSETS (LIABILITIES)			(125,664 )		(134,870 )

TOTAL ASSETS LESS CURRENT LIABILITIES			260,227		241,335

Creditors: Amounts Falling Due After More Than One Year	8		(197,205 )		(196,677 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,136 )		(5,692 )

NET ASSETS			55,886		38,966

CAPITAL AND RESERVES
Called up share capital	10		100		100
Income Statement			55,786		38,866

SHAREHOLDERS' FUNDS			55,886		38,966

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GIWI PROPERTIES LTD

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

N Trotter

Director

4 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GIWI PROPERTIES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10996760 . The registered office is 143 Station Road, Hampton, Middlesex, TW12 2AL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% on reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

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GIWI PROPERTIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Fixtures & Fittings
	£
Cost or Valuation
As at 1 April 2025	698

As at 31 March 2026	698

Depreciation
As at 1 April 2025	443
Provided during the period	64

As at 31 March 2026	507

Net Book Value
As at 31 March 2026	191

As at 1 April 2025	255

5. Investment Property

	2026
	£
Fair Value
As at 1 April 2025	375,950
Revaluations	9,750

As at 31 March 2026	385,700

	£
Valuation in 2021	12,727
Valuation in 2024	3,075
Valuation in 2025	10,950
Valuation in 2026	9,750
Cost	349,198

	385,700

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	2,021	5,400

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GIWI PROPERTIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	135,602	143,200
Taxation and social security	2,036	1,770

	137,638	144,970

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	197,205	196,677

9. Secured Creditors

Of the creditors the following amounts are secured.

The mortgage provided by Shawbrook Bank Limited is secured against the freehold interest in the land and properties known as 3F Morven Drive and 33 Peockland Gardens and 146 Rowan Street and 126 Rowan Street by way of fixed and floating charges.

	2026		2025
	£		£
Bank loans and overdrafts	197,205		196,677

10. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

11. Reserves

	Income Statement
	£
As at 1 April 2025	38,866
Profit for the year and total comprehensive income	16,920

As at 31 March 2026	55,786

Reserves include £30,424 which is not distributable. This relates to the unrealised revaluation of an investment property less the deferred tax effects.

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