REGISTERED NUMBER: 13270962 (England and Wales)

Unaudited Financial Statements

for the Period 1st April 2025 to 31st July 2026

for

G-NEWG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T A Gunn

D M Gunn

P Curran

SECRETARY:

REGISTERED OFFICE:

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

13270962 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

FIXED ASSETS

Tangible assets

4

-

1,704,582

CURRENT ASSETS

Debtors

5

1,250

124,472

Cash at bank

4,639,014

335,625

4,640,264

460,097

CREDITORS

Amounts falling due within one year

6

936,233

2,203,306

NET CURRENT ASSETS/(LIABILITIES)

3,704,031

(1,743,209

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,704,031

(38,627

)

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

3,699,031

(43,627

)

3,704,031

(38,627

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 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 13th August 2026 and were signed on its behalf by:

T A Gunn - Director

1.	STATUTORY INFORMATION

G-Newg 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.

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.

Turnover

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

Tangible fixed assets

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

Aircraft

-

at varying rates on cost

Taxation

Taxation for the period 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 period 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 period was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Aircraft

£

COST

At 1st April 2025

3,701,907

Disposals

(3,701,907

)

At 31st July 2026

-

DEPRECIATION

At 1st April 2025

1,997,325

Eliminated on disposal

(1,997,325

)

At 31st July 2026

-

NET BOOK VALUE

At 31st July 2026

-

At 31st March 2025

1,704,582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/26

31/3/25

£

£

Trade debtors

-

124,472

VAT

1,250

-

1,250

124,472

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/26

31/3/25

£

£

Bank loans and overdrafts (see note 7)

-

1,824,500

Trade creditors

3,000

528

Tax

933,233

298,551

Accrued expenses

-

79,727

936,233

2,203,306

7.

LOANS

An analysis of the maturity of loans is given below:

31/7/26

31/3/25

£

£

Amounts falling due within one year or on demand:

Loan - Tag Aviation (Stantsed) Ltd

-

912,250

Loan - Pat Curran

-

912,250

-

1,824,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/7/26

31/3/25

£

£

Bank loans

-

1,824,500

The bank loan is secured by a fixed charge held by Natwest Plc on the aircraft.