REGISTERED NUMBER: OC364232 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

GK INVESTMENT PROPERTIES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

C A Ims

G D Read

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

OC364232 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property investment.

REVIEW OF BUSINESS

Stable year in a challenging environment, controlling costs. Rent was lower but has 100% occupancy. Results were in line with expectations.

DESIGNATED MEMBERS

The designated members during the year under review were:

C A Ims

G D Read

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £7,964 (2025 - £17,523 loss).

MEMBERS' INTERESTS

The members participate fully in the firm's profit, share the risks and subscribe the firm's capital.

There is no opportunity for appreciation in the value of capital subscribed. Capital introduced by new members and capital repaid to retiring members is done at par.

The drawings policy of the LLP allows each member to draw in advance a proportion of their annual profit share and any capital introduced in regular instalments, subject to the cash requirements of the business and the agreement of the other members. Each member is responsible for the payment of their respective tax liability based on their final profit share for the year. Undrawn profits at the end of the year may be drawn in subsequent periods subject to the cash requirements of the business and the agreement of the other members.

ON BEHALF OF THE MEMBERS:

C A Ims - Designated member

13 July 2026

TURNOVER

79,962

83,811

Cost of sales

(5,105

)

(4,514

)

GROSS PROFIT

74,857

79,297

Administrative expenses

(30,366

)

(53,260

)

44,491

26,037

Other operating income

-

5,519

OPERATING PROFIT

44,491

31,556

Interest payable and similar expenses

(36,527

)

(49,079

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

7,964

(17,523

)

FIXED ASSETS

Investment property

4

985,705

985,000

CURRENT ASSETS

Cash at bank

1,375

10,510

CREDITORS

Amounts falling due within one year

5

6,105

6,540

NET CURRENT (LIABILITIES)/ASSETS

(4,730

)

3,970

TOTAL ASSETS LESS CURRENT LIABILITIES

980,975

988,970

CREDITORS

Amounts falling due after more than one year

6

684,363

685,689

NET ASSETS ATTRIBUTABLE TO MEMBERS

296,612

303,281

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

144,571

151,240

MEMBERS' OTHER INTERESTS

Non-distributable reserves

9

152,041

152,041

296,612

303,281

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

144,571

151,240

Members' other interests

152,041

152,041

296,612

303,281

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 13 July 2026 and were signed by:

C A Ims - Designated member

G D Read - Designated member

1.	STATUTORY INFORMATION

GK Investment Properties LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The members have made an assessment about the ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents rental income from the investment property.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

985,000

Additions

705

At 31 March 2026

985,705

NET BOOK VALUE

At 31 March 2026

985,705

At 31 March 2025

985,000

The freehold properties have been valued at 31 March 2026 by the members of the LLP. The valuation is considered to be the current market value for the properties concerned taking into account the current rental status of the properties and the income arising.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2015

208,296

Valuation in 2016

74,636

Valuation in 2021

141,028

Valuation in 2023

(150,000

)

Valuation in 2024

(100,000

)

Valuation in 2025

(21,919

)

Cost

833,664

985,705

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

833,664

832,959

Investment property was valued on an open market basis on 31 March 2026 by the designated members .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

1,326

5,220

Accrued expenses

4,779

1,320

6,105

6,540

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

1,326

Bank loans more 5 yr by instal

684,363

684,363

684,363

685,689

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

684,363

684,363

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

684,363

684,363

Onesavings Bank plc trading as Kent Reliance Banking Services hold a fixed charge over the LLP's investment property being 20 Cannon Street Preston PR1 3NR.

Lendinvest Btl Limited holds a fixed charge over the LLP's investment properties at 3,5,6, and 7 St Wilfred Street Preston PR1 2US.

Birmingham Bank Limited holds a fixed charge over the LLP's investment properties at 3,5,6 and 7 St Wilfred Street Preston PR1 2US.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The amounts shown in 'Loans and other debts due to members' would rank after other unsecured creditors in the event of a winding up.

9.

RESERVES

Non-distribut

reserves

£

At 1 April 2025

152,041

At 31 March 2026

152,041