REGISTERED NUMBER: 11202370 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

GAO HOVE LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

3,000,000

-

Investment property

5

7,470,000

9,040,000

10,470,000

9,040,000

CURRENT ASSETS

Debtors

6

4,776,511

7,333,236

Cash at bank

1,356

4,061

4,777,867

7,337,297

CREDITORS

Amounts falling due within one year

7

2,424,433

2,372,985

NET CURRENT ASSETS

2,353,434

4,964,312

TOTAL ASSETS LESS CURRENT LIABILITIES

12,823,434

14,004,312

CREDITORS

Amounts falling due after more than one year

8

5,621,514

6,850,144

NET ASSETS

7,201,920

7,154,168

CAPITAL AND RESERVES

Called up share capital

6,487,738

6,487,738

Fair value reserve

265,000

340,000

Retained earnings

449,182

326,430

7,201,920

7,154,168

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 August 2026 and were signed on its behalf by:

C A Dwyer-Smith - Director

1.	STATUTORY INFORMATION

GAO Hove Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11202370

Registered office:

51 Dyke Road Avenue

Hove

East Sussex

BN3 6QD

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.

Turnover

Turnover is measured at the fair value of the rental income receivable, excluding discounts, rebates, value added tax and other sales.

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. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve

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.

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

The average number of employees during the year was 2 (2025 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

3,000,000

At 31 March 2026

3,000,000

NET BOOK VALUE

At 31 March 2026

3,000,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

9,040,000

Additions

24,000

Disposals

(1,520,000

)

Revaluations

(74,000

)

At 31 March 2026

7,470,000

NET BOOK VALUE

At 31 March 2026

7,470,000

At 31 March 2025

9,040,000

6.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Amounts owed by related party

4,637,847

4,793,236

Other debtors

138,664

40,000

4,776,511

4,833,236

Amounts falling due after more than one year:

Other debtors

-

2,500,000

Aggregate amounts

4,776,511

7,333,236

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to related party

1,389,925

1,416,197

Taxation and social security

48,712

85,024

Other creditors

985,796

871,764

2,424,433

2,372,985

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

5,621,514

6,850,144

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

5,621,514

6,850,144

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

5,621,514

6,850,144

Bank loans are secured on the investment properties.