REGISTERED NUMBER: 09343018 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Gusto Estates Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

8,368,800

4,153,295

CURRENT ASSETS

Debtors

5

36,000

3,731

Investments

6

247,465

247,465

Cash at bank

30,295

572,975

313,760

824,171

CREDITORS

Amounts falling due within one year

7

117,008

24,246

NET CURRENT ASSETS

196,752

799,925

TOTAL ASSETS LESS CURRENT LIABILITIES

8,565,552

4,953,220

CREDITORS

Amounts falling due after more than one year

8

(8,200,000

)

(4,900,000

)

PROVISIONS FOR LIABILITIES

-

(6,819

)

NET ASSETS

365,552

46,401

CAPITAL AND RESERVES

Called up share capital

9

10

10

Fair value reserve

10

23,603

23,603

Retained earnings

341,939

22,788

SHAREHOLDERS' FUNDS

365,552

46,401

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 director acknowledges his 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 director and authorised for issue on 13 August 2026 and were signed by:

S N Wright - Director

1.	STATUTORY INFORMATION

Gusto Estates Limited 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:

09343018

Registered office:

Gusto House

Green Way

Collingham

Newark

Nottinghamshire

NG23 7DX

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

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

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

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

4,153,295

Additions

4,215,505

At 31 March 2026

8,368,800

NET BOOK VALUE

At 31 March 2026

8,368,800

At 31 March 2025

4,153,295

Fair value at 31 March 2026 is represented by:

£

Valuation in 2023

29,140

Valuation in 2024

(1,894,502

)

Cost

10,234,162

8,368,800

If investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

10,234,162

6,018,657

A valuation was carried out by Brown & Co on 9th October 2024 valuing Gusto House as £1,500,000. The valuation was undertaken by John Elliott Bsc (Hons) MRICS ACIArb, a member of the Royal Institute of Chartered Surveyors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

31,500

-

Other debtors

4,500

3,731

36,000

3,731

6.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Other

247,465

247,465

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,690

16,124

Taxation and social security

88,568

-

Other creditors

26,750

8,122

117,008

24,246

National Westminster Bank PLC holds a fixed and floating charge over all the property or undertaking of the company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

8,200,000

4,900,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

10

Ordinary

£1

10

10

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

23,603

11.	RELATED PARTY DISCLOSURES

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.

12.	PARENT UNDERTAKING

The company's parent undertaking is Gusto Homes (Collingham) Limited. The registered office and business address of the parent undertaking is Gusto House, Green Way, Collingham, Newark NG23 7DX.