GN Properties (Midlands) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07492795

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		617		726

			617		726
CURRENT ASSETS
Debtors	5	61,224		85,499
Cash at bank and in hand		1,846		-

		63,070		85,499
Creditors: Amounts Falling Due Within One Year	6	(8,862 )		(26,548 )

NET CURRENT ASSETS (LIABILITIES)			54,208		58,951

TOTAL ASSETS LESS CURRENT LIABILITIES			54,825		59,677

Creditors: Amounts Falling Due After More Than One Year	7		(11,760 )		(14,346 )

NET ASSETS			43,065		45,331

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			43,064		45,330

SHAREHOLDERS' FUNDS			43,065		45,331

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GN Properties (Midlands) Limited

Balance Sheet (continued)

As At 31 January 2026

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

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

The director acknowledges his 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 Profit and Loss Account.

On behalf of the board

Mr Glenn Noakes

Director

14 July 2026

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

1. General Information

GN Properties (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07492795 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	15% Reducing Balance

2.4. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

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GN Properties (Midlands) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	1,250	1,445	1,442	4,137

As at 31 January 2026	1,250	1,445	1,442	4,137

Depreciation
As at 1 February 2025	1,122	847	1,442	3,411
Provided during the period	19	90	-	109

As at 31 January 2026	1,141	937	1,442	3,520

Net Book Value
As at 31 January 2026	109	508	-	617

As at 1 February 2025	128	598	-	726

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	-	8,935
Corporation tax recoverable assets	5,694	-
VAT	-	1,486
Director's loan account	55,530	75,078

	61,224	85,499

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	2,409	2,409
Corporation tax	-	8,236
Other taxes and social security	755	-
VAT	4,888	-
Other creditors	-	15,093
Accruals and deferred income	810	810

	8,862	26,548

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

	2026	2025
	£	£
Bank loans	11,760	14,346

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GN Properties (Midlands) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

At the balance sheet date, the director owed the company £55,530 (2025: £75,078). The amount is unsecured, interest-free, and repayable within 9 months.

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