Company registration number 09793503 (England and Wales)
GOWRIE PROPERTIES LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GOWRIE PROPERTIES LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
GOWRIE PROPERTIES LTD
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
31 December 2025
31 March 2025
Notes
£
£
£
£
Fixed assets
Investment property
4
2,043,157
2,043,157
Current assets
Debtors
5
2,571
23,228
Cash at bank and in hand
2,613
63,805
5,184
87,033
Creditors: amounts falling due within one year
6
(577,645)
(687,616)
Net current liabilities
(572,461)
(600,583)
Total assets less current liabilities
1,470,696
1,442,574
Provisions for liabilities
(9,345)
(9,345)
Net assets
1,461,351
1,433,229
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
7
1,461,251
1,433,129
Total equity
1,461,351
1,433,229

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 August 2026 and are signed on its behalf by:
Mr S Hathi
Director
Company registration number 09793503 (England and Wales)
GOWRIE PROPERTIES LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2023
100
1,374,980
1,375,080
Period ended 31 March 2025:
Profit and total comprehensive income
-
58,149
58,149
Balance at 31 March 2025
100
1,433,129
1,433,229
Period ended 31 December 2025:
Profit and total comprehensive income
-
28,122
28,122
Balance at 31 December 2025
100
1,461,251
1,461,351
GOWRIE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Gowrie Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 23 Wadsworth Road, Perivale, UB6 7JD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
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.

1.3
Reporting period

The entity has shortened its accounting period from 31 March 2026 to 31 December 2025. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.4
Turnover

Turnover comprises revenue recognised by the company in respect of rental income receivable.

1.5
Investment properties

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GOWRIE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

GOWRIE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Judgements and key sources of estimation uncertainty

The p reparation of the financial statements require management to make significant judgements and estimates. The items within the financial statements where these judgements and estimates have been made include:

Valuation of investment properties - The directors have valued the properties based on current market values.

3
Employees

The average monthly number of persons (excludin g directors) employed by the company during the period was:

2025
2025
Number
Number
Total
0
0
4
Investment property
2025
£
Fair value
At 1 April 2025 and 31 December 2025
2,043,157

The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 11 December 2023 by Ellis & Co, 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.

In the opinion of the directors, the market value at the balance sheet date is not materially different to this valuation.

5
Debtors
2025
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,250
23,202
Other debtors
1,321
26
2,571
23,228
GOWRIE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2025
£
£
Amounts owed to group undertakings
551,410
650,000
Corporation tax
9,447
19,456
Other creditors
16,788
18,160
577,645
687,616
7
Profit and loss reserves
2025
2025
£
£
At the beginning of the period
1,433,129
1,374,980
Profit for the period
28,122
58,149
At the end of the period
1,461,251
1,433,129
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Harsheel Dodhia
Statutory Auditor:
KLSA LLP
Date of audit report:
13 August 2026
9
Related party transactions

The Company has taken advantage of the exemption available in FRS 102 (Section 33 "Related Party Disclosure") that disclosures need not be given of transactions that have taken place between two or more members of group, provided that any subsidiary which a party to the transaction is wholly owned by such a member.

10
Parent company
GOWRIE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
10
Parent company
(Continued)
- 7 -

The immediate and ultimate parent company is Gowrie Holdings Limited, a company incorporated in the Isle of Man.

As at 31 December 2025, the ultimate controlling party was Mr. S Hathi, by virtue of his ownership of the shares of Gowrie Holdings Limited. In April 2026, there was a restructure of the shareholding of Gowrie Holdings Limited, such that there is no longer an ultimate controlling party.

2025-12-31 2025-04-01 false false false 13 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr G Hathi Mr S Hathi Mrs A Hathi 09793503 2025-04-01 2025-12-31 09793503 2025-12-31 09793503 2025-03-31 09793503 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 09793503 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09793503 core:CurrentFinancialInstruments 2025-12-31 09793503 core:CurrentFinancialInstruments 2025-03-31 09793503 core:ShareCapital 2025-12-31 09793503 core:ShareCapital 2025-03-31 09793503 core:RetainedEarningsAccumulatedLosses 2025-12-31 09793503 core:RetainedEarningsAccumulatedLosses 2025-03-31 09793503 core:ShareCapital 2023-09-30 09793503 core:RetainedEarningsAccumulatedLosses 2023-09-30 09793503 core:RetainedEarningsAccumulatedLosses 2025-03-31 09793503 bus:Director2 2025-04-01 2025-12-31 09793503 core:RetainedEarningsAccumulatedLosses 2023-10-01 2025-03-31 09793503 2023-10-01 2025-03-31 09793503 core:RetainedEarningsAccumulatedLosses 2025-04-01 2025-12-31 09793503 2025-03-31 09793503 bus:PrivateLimitedCompanyLtd 2025-04-01 2025-12-31 09793503 bus:FRS102 2025-04-01 2025-12-31 09793503 bus:Audited 2025-04-01 2025-12-31 09793503 bus:Director1 2025-04-01 2025-12-31 09793503 bus:Director3 2025-04-01 2025-12-31 09793503 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2025-12-31 09793503 bus:FullAccounts 2025-04-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP