REGISTERED NUMBER: 11575327 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 October 2025

for

Gandtrack Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B M Hirst

Mr G S Hirst

Mr A J Kershaw

REGISTERED OFFICE:

Unit 8

Gladstone Business Park

Gladstone Street

Oldham

Greater Manchester

OL4 1AX

REGISTERED NUMBER:

11575327 (England and Wales)

ACCOUNTANTS:

Fact3

3 Hardman Square

Spinningfields

Manchester

M3 3EB

FIXED ASSETS

Investment property

4

466,663

1,575,000

CURRENT ASSETS

Debtors

5

2,581

-

Cash at bank and in hand

175,141

3,071

177,722

3,071

CREDITORS

Amounts falling due within one year

6

60,590

487,950

NET CURRENT ASSETS/(LIABILITIES)

117,132

(484,879

)

TOTAL ASSETS LESS CURRENT LIABILITIES

583,795

1,090,121

CREDITORS

Amounts falling due after more than one year

7

-

423,944

NET ASSETS

583,795

666,177

CAPITAL AND RESERVES

Called up share capital

300

300

Revaluation reserve

8

111,219

375,369

Retained earnings

472,276

290,508

583,795

666,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

Mr A J Kershaw - Director

1.	STATUTORY INFORMATION

Gandtrack Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

1,575,000

Disposals

(1,108,337

)

At 31 October 2025

466,663

NET BOOK VALUE

At 31 October 2025

466,663

At 31 October 2024

1,575,000

Investment property comprises of Units 8 and 9 at Gladstone Business Park, Gladstone Street, Oldham, OL4 1BE. Units 1 to 7 were disposed of during the financial year.

The fair value of the remaining investment property has been determined by the directors by reference to the valuation carried out on 30 January 2024 by Colliers International Valuation UK LLP, Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The directors are satisfied that the carrying value of the remaining investment property at the year end is not materially different from its fair value, based on their knowledge of the property and reference to market evidence for similar properties.

Fair value at 31 October 2025 is represented by:

£

Valuation in 2024

111,219

Cost

355,444

466,663

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,581

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

64,301

Taxation and social security

60,590

9,459

Other creditors

-

414,190

60,590

487,950

The bank loan, which was secured by a fixed charge over the company’s investment properties, was fully redeemed during the year.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

423,944

The bank loan, which was secured by a fixed charge over the company’s investment properties, was fully redeemed during the year.

8.

RESERVES

Revaluation

reserve

£

At 1 November 2024

375,369

Movement in revaluation reserves on disposal of property

(264,150

)

At 31 October 2025

111,219