Company No: 10482696 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	30,340		30,355
Investments	4	5,601		231,620
		35,941		261,975
Current assets
Debtors
- due within one year	5	1,719,524		1,478,783
- due after more than one year	5	0		681,044
Cash at bank and in hand		6,698		1,491
		1,726,222		2,161,318
Creditors: amounts falling due within one year	6	( 221,082)		( 158,106)
Net current assets		1,505,140		2,003,212
Total assets less current liabilities		1,541,081		2,265,187
Creditors: amounts falling due after more than one year	7	( 140,881)		( 280,800)
Net assets		1,400,200		1,984,387
Capital and reserves
Called-up share capital	8	152		152
Profit and loss account		1,400,048		1,984,235
Total shareholders' funds		1,400,200		1,984,387

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Gunwharf Holdings Limited (registered number: 10482696) were approved and authorised for issue by the Board of Directors on 25 August 2026. They were signed on its behalf by:

Mr P Bailey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gunwharf Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 December 2024	30,280		75		30,355
At 30 November 2025	30,280		75		30,355
Accumulated depreciation
At 01 December 2024	0		0		0
Charge for the financial year	0		15		15
At 30 November 2025	0		15		15
Net book value
At 30 November 2025	30,280		60		30,340
At 30 November 2024	30,280		75		30,355

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 December 2024	231,620		231,620
At 30 November 2025	231,620		231,620
Provisions for impairment
At 01 December 2024	0		0
Impairment	226,019		226,019
At 30 November 2025	226,019		226,019
Carrying value at 30 November 2025	5,601		5,601
Carrying value at 30 November 2024	231,620		231,620

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Amounts owed by own subsidiaries	447,093		662,762
Amounts owed by connected companies	531,103		0
Amounts owed by directors	528,919		610,652
Prepayments and accrued income	53,269		45
Other debtors	159,140		205,324
	1,719,524		1,478,783
Debtors: amounts falling due after more than one year
Amounts owed by connected companies	0		681,044

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		45
Amounts owed to own subsidiaries	10,220		0
Taxation and social security	21,853		76,307
Other creditors	189,009		81,754
	221,082		158,106

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	140,881		280,800

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
7,550 Ordinary A shares of £ 0.01 each	75.50		75.50
7,550 Ordinary B shares of £ 0.01 each	75.50		75.50
	151.00		151.00

All shares rank pari passu in all respects, but shall constitute a separate class of shares.

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed by directors	528,919		610,652

Other related party transactions

	2025		2024
	£		£
Amounts owed from Penlee Point Properties Limited	447,092		662,761
Amounts owed to Minnadhu Investments Limited	(10,220)		0

During the current year, a loan existed between Gunwharf Holdings Limited and Penlee Point Properties Limited. The balance is repayable on demand and no interest was charged during the year. At the balance sheet date, the amount due to Gunwharf Holdings Limited was £447,092 (2024: £445,892).

During the current year, a loan existed between Gunwharf Holdings Limited and Minnadhu Investments Limited. The balance is repayable on demand and no interest was charged during the year. At the balance sheet date, the amount due (to)/fromGunwharf Holdings Limited was (£10,220) (2024: £216,869).