G & J Steels Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 03340528

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		395,000		395,000
Investments	6		100		100

			395,100		395,100
Creditors: Amounts Falling Due Within One Year	7	(88,267 )		(88,267 )

NET CURRENT ASSETS (LIABILITIES)			(88,267 )		(88,267 )

TOTAL ASSETS LESS CURRENT LIABILITIES			306,833		306,833

PROVISIONS FOR LIABILITIES
Deferred Taxation			(49,859 )		(49,859 )

NET ASSETS			256,974		256,974

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		222,608		222,608
Profit and Loss Account			34,266		34,266

SHAREHOLDERS' FUNDS			256,974		256,974

Page 1

Page 2

G & J Steels Limited

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 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 Profit and Loss Account.

On behalf of the board

M A Skinner

Director

21 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

G & J Steels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03340528 . The registered office is 1 Canal Street, Sheffield, S4 7ZE.

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. 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 profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tax on Profit

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	19.0%	19.0%	-	-

	2026	2025
	£	£
Profit before tax	48,000	96,000

Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate)	9,120	18,240
Expenses not deductible for tax purposes	(9,120 )	(18,240 )

Total tax charge for the period	-	-

5. Investment Property

	2026
	£
Fair Value
As at 1 June 2025 and 31 May 2026	395,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	122,533	122,533
Accumulated depreciation and impairment	58,800	56,350

Carrying amount	63,733	66,183

Page 3

Page 4

G & J Steels Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 June 2025	100

As at 31 May 2026	100

Provision
As at 1 June 2025	-

As at 31 May 2026	-

Net Book Value
As at 31 May 2026	100

As at 1 June 2025	100

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Amounts owed to group undertakings	13,267	2,738
Other creditors	75,000	85,529

	88,267	88,267

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 June 2025	222,608	34,266
Profit for the year and total comprehensive income	-	48,000

Dividends paid	-	(48,000)

As at 31 May 2026	222,608	34,266