GS Land Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15766541

GS Land Limited

Filleted Unaudited Financial Statements

31 March 2026

GS Land Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Current assets

Stocks		1,963,608	758,979
Debtors	4	9,490	9,431
Cash at bank and in hand		4,750	55,041
		------------	---------
		1,977,848	823,451

Creditors: amounts falling due within one year	5	2,095,908	851,344
		------------	---------
Net current liabilities		118,060	27,893
		---------	--------
Total assets less current liabilities		( 118,060)	( 27,893)
		---------	--------
Net liabilities		( 118,060)	( 27,893)
		---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 118,160)	( 27,993)
	---------	--------
Shareholders deficit	( 118,060)	( 27,893)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

GS Land Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 21 July 2026 , and are signed on behalf of the board by:

Mr M Singh

Director

Company registration number: 15766541

GS Land Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 120 Ross Walk, Leicester, LE4 5HH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Revenue recognition

Revenue from rental income is recognised on a straight-line basis over the lease term, in accordance with the lease agreements in place. Rental income is recognised only when it is probable that the economic benefits associated with the lease will flow to the entity, and the amount of income can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2026	2025
	£	£
Trade debtors	59	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	100	100
Other debtors	9,331	9,331
	-------	-------
	9,490	9,431
	-------	-------

5. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	1,107	5,316
Amounts owed to group undertakings and undertakings in which the company has a participating interest	59,000	–
Other creditors	2,035,801	846,028
	------------	---------
	2,095,908	851,344
	------------	---------

6. Going concern

The company's balance sheet shows an insolvent position, it is the intention of the companies directors to continue to support the company to enable it to meet it's day to day funding requirements and therefore the financial statements have been prepared on a going concern basis. The liabilities exceed the assets by £118,060 at the balance sheet date. (2025: £27,893)

7. Related party transactions

At the balance sheet date, the company owes £2,033,881 (2024: £846,028)to a related party.The amount is included within other creditors. The balance is interst-free and repayable on demand.