REGISTERED NUMBER: 09846517 (England and Wales)

G. J. HANDY (PROPERTIES) LTD

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH NOVEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

Mr S A Belcher

Mr D L Belcher

REGISTERED OFFICE:

Handy Distribution

Murdock Road

Dorcan

SWINDON

Wiltshire

SN3 5HY

REGISTERED NUMBER:

09846517 (England and Wales)

AUDITORS:

Morris Owen

Statutory Auditors

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

FIXED ASSETS

Property, plant and equipment

4

4,358,077

4,000,000

CURRENT ASSETS

Debtors

5

162,310

169,021

CREDITORS

Amounts falling due within one year

6

414,476

80,919

NET CURRENT (LIABILITIES)/ASSETS

(252,166

)

88,102

TOTAL ASSETS LESS CURRENT LIABILITIES

4,105,911

4,088,102

PROVISIONS FOR LIABILITIES

7

318,102

318,102

NET ASSETS

3,787,809

3,770,000

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

1,548,649

1,493,909

Retained earnings

2,239,060

2,275,991

SHAREHOLDERS' FUNDS

3,787,809

3,770,000

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st July 2026 and were signed on its behalf by:

Mr S A Belcher - Director

1.	STATUTORY INFORMATION

G.J. Handy (Properties) Limited is a private company limited by shares and incorporated in England and Wales.

The registered office address is Murdock Road, Dorcan, Swindon, Wiltshire SN3 5HY.

The financial statements are presented in British Pounds (GBP), which is the company's functional and presentational currency.

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.

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.

Significant judgements and estimates

- Determine whether leases entered into by the company as a lessee are operating leases or finance

leases. These decisions depend on an assessment of whether the risks and rewards of ownership

have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order

to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

Turnover

Revenue consists of rental charged and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on buildings/not provided on land

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. The only advanced instruments recognised by the company are derivatives. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in arriving at profit before tax. Any derivative assets would be included in other debtors and derivative liabilities would be included included in other creditors.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

property

£

COST OR VALUATION

At 1st December 2024

4,000,000

Additions

358,077

At 30th November 2025

4,358,077

DEPRECIATION

Charge for year

54,740

Revaluation adjustments

(54,740

)

At 30th November 2025

-

NET BOOK VALUE

At 30th November 2025

4,358,077

At 30th November 2024

4,000,000

Included in cost or valuation of land and buildings is freehold land of £ 1,263,000 (2024 - £ 1,263,000 ) which is not depreciated.

In accordance with section 16.4A of Amendments to Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Triennial Review 2017, the company has chosen to apply the cost or revaluation model to a property that is rented to another group entity.

The carrying value of this property that is rented to another group entity is noted above.

During the year, the company commenced work on extending the property. The works will be complete during the next financial year, at which time the directors will seek another formal valuation.

Cost or valuation at 30th November 2025 is represented by:

Freehold

property

£

Valuation in 2019

600,000

Valuation in 2021

487,587

Valuation in 2023

528,969

Valuation in 2024

(84,484

)

Cost

2,826,005

4,358,077

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

2,826,005

2,383,444

Aggregate depreciation

117,652

117,652

Value of land in freehold land and buildings

1,263,000

1,263,000

Freehold land and buildings were valued on an open market basis on 17th July 2024 by Lovedays, Chartered Surveyors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

162,310

169,021

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

73,040

-

Amounts owed to group undertakings

251,788

-

Corporation tax

89,593

80,919

Accruals and deferred income

55

-

414,476

80,919

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Property revaluations

318,102

318,102

Deferred

tax

£

Balance at 1st December 2024

318,102

Balance at 30th November 2025

318,102

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Alan John Barlow (Senior Statutory Auditor)

for and on behalf of Morris Owen

10.	RELATED PARTY DISCLOSURES

G. J. Handy (Trading) Ltd

During the year, rent of £359,500 was charged to G. J. Handy (Trading) Ltd.

£366,110 was transferred from G. J. Handy (Trading) Ltd to cover costs such as bank charges, corporation tax and property extension costs.

11.	ULTIMATE CONTROLLING PARTY

G.J. Handy (Holdings) Limited is the company's immediate and ultimate parent company. The address from where financial statements for the company can be obtained is Murdock Road, Dorcan, Swindon, Wiltshire SN3 5HY.

The ultimate controlling party at the year end is considered to be Mr S A Belcher, being the majority shareholder of G.J. Handy (Holdings) Limited.