REGISTERED NUMBER: 02916434 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2026

for

G.Walker Properties Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

G S Walker

D A Jones

Registered office:

Graham Walker Limited

Unit 28 Bumpers Lane

Sealand Road Industrial Estate

Chester

CH1 4LT

Registered number:

02916434 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

25,849

12,629

Investment property

5

14,017,993

13,225,695

14,043,842

13,238,324

Current assets

Debtors

6

1,066,091

1,097,833

Cash at bank and in hand

455,246

296,571

1,521,337

1,394,404

Creditors

Amounts falling due within one year

7

628,618

625,327

Net current assets

892,719

769,077

Total assets less current liabilities

14,936,561

14,007,401

Creditors

Amounts falling due after more than one year

8

(673,454

)

(1,093,217

)

Provisions for liabilities

10

(364,353

)

(174,433

)

Net assets

13,898,754

12,739,751

Capital and reserves

Called up share capital

100

100

Revaluation reserve

11

2,813,653

2,300,259

Retained earnings

11,085,001

10,439,392

13,898,754

12,739,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 15 July 2026 and were signed on its behalf by:

G S Walker - Director

1.	Statutory information

G.Walker Properties Ltd 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.

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.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Revenue from property rental is recognised on an accruals basis.

Tangible fixed assets

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

Fixtures and fittings

-

20% reducing balance

Motor vehicles

-

25% reducing balance

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

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.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 4 (2025 - 5 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 June 2025

45,479

19,553

65,032

Additions

18,250

-

18,250

At 31 May 2026

63,729

19,553

83,282

Depreciation

At 1 June 2025

37,943

14,460

52,403

Charge for year

3,757

1,273

5,030

At 31 May 2026

41,700

15,733

57,433

Net book value

At 31 May 2026

22,029

3,820

25,849

At 31 May 2025

7,536

5,093

12,629

5.	Investment property

Total

£

Fair value

At 1 June 2025

13,225,695

Revaluations

792,298

At 31 May 2026

14,017,993

Net book value

At 31 May 2026

14,017,993

At 31 May 2025

13,225,695

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit in fair value is recognised as profit or loss in the Income Statement.

6.

Debtors: amounts falling due within one year

31/5/26

31/5/25

£

£

Trade debtors

30,845

19,001

Other debtors

1,035,246

1,078,832

1,066,091

1,097,833

7.

Creditors: amounts falling due within one year

31/5/26

31/5/25

£

£

Bank loans and overdrafts

150,000

125,000

Trade creditors

10,594

1,995

Taxation and social security

169,008

231,702

Other creditors

299,016

266,630

628,618

625,327

8.

Creditors: amounts falling due after more than one year

31/5/26

31/5/25

£

£

Bank loans

673,454

1,093,217

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

493,217

9.	Secured debts

The following secured debts are included within creditors:

31/5/26

31/5/25

£

£

Bank loans

823,454

1,218,217

Bank loans are secured by way of fixed and floating charges against the related properties.

10.	Provisions for liabilities

31/5/26

31/5/25

£

£

Deferred tax

Accelerated capital allowances

6,462

3,157

Revaluation gains

357,891

171,276

364,353

174,433

Deferred

tax

£

Balance at 1 June 2025

174,433

Charge to Income Statement during year

189,920

Balance at 31 May 2026

364,353

11.

Reserves

Under FRS 102 surpluses on the revaluation of investment property are treated as fair value adjustments and are recognised in the statement of income. However under company law, these surpluses are not distributable. In these financial statements, the cumulative revaluation surpluses have been included in other reserves under Revaluation reserve. On disposal of an investment property, any revaluation surplus realised on disposal is transferred to distributable reserves.

12.	Related party disclosures

The directors have made loans to the company. The balance on these loans at 31 May 2026 was £52,301 (2025 - £33,983). The loans are interest free, unsecured and repayable on demand.