REGISTERED NUMBER: 10919679 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Gannat Group Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

11,046

25,297

Investment property

5

6,788,000

6,390,000

6,799,046

6,415,297

CURRENT ASSETS

Debtors

6

653

-

Cash at bank and in hand

1,335,804

379,744

1,336,457

379,744

CREDITORS

Amounts falling due within one year

7

134,111

124,823

NET CURRENT ASSETS

1,202,346

254,921

TOTAL ASSETS LESS CURRENT LIABILITIES

8,001,392

6,670,218

CREDITORS

Amounts falling due after more than one year

8

(2,944,104

)

(2,973,039

)

PROVISIONS FOR LIABILITIES

(330,750

)

-

NET ASSETS

4,726,538

3,697,179

CAPITAL AND RESERVES

Called up share capital

9

1,100

1,100

Share premium

10

3,409,400

3,409,400

Retained earnings

10

1,316,038

286,679

SHAREHOLDERS' FUNDS

4,726,538

3,697,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 29 August 2026 and were signed on its behalf by:

Dr N Patel - Director

Mrs N Patel - Director

1.	STATUTORY INFORMATION

Gannat Group 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:

10919679

Registered office:

49-51 Colindale Avenue Colindale Avenue

London

NW9 5EP

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.

Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Turnover

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold

2% on cost - buildings only

Plant and machinery

25% on cost

Fixtures, fittings & equipment

25% on cost

Computer equipment

25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying

Investment property

Investment property, which is property held to earn rentals, 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 date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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.

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 payments 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. Amounts 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.

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

60,710

Additions

1,085

At 31 August 2025

61,795

DEPRECIATION

At 1 September 2024

35,413

Charge for year

15,336

At 31 August 2025

50,749

NET BOOK VALUE

At 31 August 2025

11,046

At 31 August 2024

25,297

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

6,390,000

Disposals

(925,000

)

Revaluations

1,323,000

At 31 August 2025

6,788,000

NET BOOK VALUE

At 31 August 2025

6,788,000

At 31 August 2024

6,390,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2025

1,323,000

Cost

5,465,000

6,788,000

The fair value of the investment properties has been arrived at on the basis of valuation carried out at 31 August 2025 by director. The valuation was made on an open market basis by reference to rental yields and market conditions

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

as restated

£

£

Other debtors

653

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

as restated

£

£

Hire purchase contracts

8,588

8,588

Taxation and social security

17,567

15,509

Other creditors

107,956

100,726

134,111

124,823

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

as restated

£

£

Bank loans

2,919,438

2,945,742

Hire purchase contracts

24,666

27,297

2,944,104

2,973,039

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

as restated

£

£

1,100

Ordinary Share

1

1,100

1,100

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 September 2024

(160,621

)

3,409,400

3,248,779

Prior year adjustment

447,300

447,300

286,679

3,696,079

Profit for the year

1,029,359

1,029,359

At 31 August 2025

1,316,038

3,409,400

4,725,438

11.	PROFIT AND LOSS RESERVE

Included with in profit and loss reserve are non-distributable reserves amounting to £992,250 (2024: Nil) which is related to the revaluation of investment property.