ACCOUNTS - Final Accounts preparation

Registered number: 03595103

G PROPERTY ASSET MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

G PROPERTY ASSET MANAGEMENT LIMITED

REGISTERED NUMBER: 03595103

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	5		1,912,447		1,912,447
			1,912,447		1,912,447
Current assets
Debtors: amounts falling due within one year	6	19,893		19,730
Cash at bank and in hand		438,954		263,107
		458,847		282,837
Creditors: amounts falling due within one year	7	(122,375)		(169,223)
Net current assets			336,472		113,614
Total assets less current liabilities			2,248,919		2,026,061

Net assets			2,248,919		2,026,061

Capital and reserves
Called up share capital	1	1
Profit and loss account	2,248,918	2,026,060
	2,248,919	2,026,061

Page 1

G PROPERTY ASSET MANAGEMENT LIMITED

REGISTERED NUMBER: 03595103

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A Allaway

Director

Date: 21 July 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2

G PROPERTY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

G property Asset Management Limited is a private company, limited by shares, registered in England and Wales.

	Registered number	03595103

	Registered office address	The Warehouse Wyndham Arcade,
		St Mary Street,
		Cardiff, Wales,
		CF10 1FH

The presentation curreny of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Related party exemption

The company has taken advantage of exemption, under the terms of Financial reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.

2.3

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported relating to the fair value of investment properties. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Page 3

G PROPERTY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

G PROPERTY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	Taxation

		2025	2024
		£	£

Corporation tax
Current tax on profits for the year	74,286	77,339

Total current tax	74,286	77,339

Page 5

G PROPERTY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2025	1,912,447
	At 31 December 2025	1,912,447

The company's freehold property is treated as an investment property under Section 1A "small entities" of Financial Reporting Standard 102.

The 2025 valuations were made by Mr T C C Griffith, on an open market value basis.

The historical cost at the balance sheet date is £1,912,447 (2024 - £1,912,447).

Debtors

					2025	2024
					£	£


Trade debtors	16,500	16,500
Prepayments and accrued income	3,393	3,230
	19,893	19,730

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	1,614	2,059
Corporation tax	37,416	77,339
Other taxation and social security	14,450	12,250
Accruals and deferred income	68,895	77,575
	122,375	169,223

Page 6

G PROPERTY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Controlling party

The parent company is G Capital Limited, a company incorporated in England and Wales. The ultimate controlling parties of G Capital Limited are A Allaway and Geldards Trust Corporation Ltd.

Page 7