Company registration number 15484028 (England and Wales)
GIBAIR HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
GIBAIR HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr N S Gibbard
Mr J R Denman
Mr B Snookes
Company number
15484028
Registered office
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
Accountants
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
GIBAIR HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
GIBAIR HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GIBAIR HOLDINGS LIMITED FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gibair Holdings Limited for the year ended 31 March 2026 which comprise, the balance sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Gibair Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Gibair Holdings Limited and state those matters that we have agreed to state to the b oard of d irectors of Gibair Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gibair Holdings Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Gibair Holdings Limited 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 Gibair Holdings Limited. You consider that Gibair Holdings Limited 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 Gibair Holdings Limited. 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 f inancial statements.

Malcolm Piper & Company Limited
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
B44 8LS
United Kingdom
18 May 2026
GIBAIR HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
4
237,438
237,438
Current assets
Debtors
6
128,320
-
0
Cash at bank and in hand
18,786
8,035
147,106
8,035
Creditors: amounts falling due within one year
7
(183,511)
(182,780)
Net current liabilities
(36,405)
(174,745)
Net assets
201,033
62,693
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
200,933
62,593
Total equity
201,033
62,693

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 May 2026 and are signed on its behalf by:
Mr N S Gibbard
Director
Company registration number 15484028 (England and Wales)
GIBAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Gibair Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, United Kingdom, B44 8LS.

1.1
Reporting period

[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for property rental and services provided in the normal course of business, and is shown gross of VAT and other sales related taxes.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GIBAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. A m ounts 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.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

GIBAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
3
3
4
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
237,438

Investment property comprises industrial units and commercial premises held for rental purposes. The fair value of the investment properties has been considered by the directors and they are of the opinion that the value is not materially different to its carrying value which represents its original acquisition cost.

5
Subsidiaries

Details of the company's subsidiaries at 31 March 2026 are as follows:

GIBAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
5
Subsidiaries
(Continued)
- 6 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Gibair Limited
Kingsnorth House, Blenheim Way, Birmingham, West Midlands, England, B44 8LS
Ordinary A, B and C
100.00
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
128,320
-
0
7
Creditors: amounts falling due within one year
2026
2025
£
£
Taxation and social security
3,027
533
Other creditors
180,484
182,247
183,511
182,780
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
70
70
70
70
Ordinary B of £1 each
20
20
20
20
Ordinary C of £1 each
10
10
10
10
100
100
100
100
2026-03-31 2025-04-01 false false false 18 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr N S Gibbard Mr J R Denman Mr B Snookes 15484028 2025-04-01 2026-03-31 15484028 bus:Director1 2025-04-01 2026-03-31 15484028 bus:Director2 2025-04-01 2026-03-31 15484028 bus:Director3 2025-04-01 2026-03-31 15484028 bus:RegisteredOffice 2025-04-01 2026-03-31 15484028 2026-03-31 15484028 2025-03-31 15484028 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 15484028 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15484028 core:CurrentFinancialInstruments 2026-03-31 15484028 core:CurrentFinancialInstruments 2025-03-31 15484028 core:ShareCapital 2026-03-31 15484028 core:ShareCapital 2025-03-31 15484028 core:RetainedEarningsAccumulatedLosses 2026-03-31 15484028 core:RetainedEarningsAccumulatedLosses 2025-03-31 15484028 core:ShareCapitalOrdinaryShareClass1 2026-03-31 15484028 core:ShareCapitalOrdinaryShareClass1 2025-03-31 15484028 core:ShareCapitalOrdinaryShareClass2 2026-03-31 15484028 core:ShareCapitalOrdinaryShareClass2 2025-03-31 15484028 core:ShareCapitalOrdinaryShareClass3 2026-03-31 15484028 core:ShareCapitalOrdinaryShareClass3 2025-03-31 15484028 core:ShareCapitalOrdinaryShares 2026-03-31 15484028 core:ShareCapitalOrdinaryShares 2025-03-31 15484028 2024-02-12 2025-03-31 15484028 2025-03-31 15484028 core:Subsidiary1 2025-04-01 2026-03-31 15484028 core:Subsidiary1 1 2025-04-01 2026-03-31 15484028 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 15484028 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 15484028 bus:OrdinaryShareClass3 2025-04-01 2026-03-31 15484028 bus:OrdinaryShareClass1 2026-03-31 15484028 bus:OrdinaryShareClass1 2025-03-31 15484028 bus:OrdinaryShareClass2 2026-03-31 15484028 bus:OrdinaryShareClass2 2025-03-31 15484028 bus:OrdinaryShareClass3 2026-03-31 15484028 bus:OrdinaryShareClass3 2025-03-31 15484028 bus:AllOrdinaryShares 2026-03-31 15484028 bus:AllOrdinaryShares 2025-03-31 15484028 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 15484028 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 15484028 bus:FRS102 2025-04-01 2026-03-31 15484028 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 15484028 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP