ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 15290002

GANCO (MH) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

GANCO (MH) LIMITED

REGISTERED NUMBER: 15290002

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note	£	£	£	£

Fixed assets
Investment property	4		-		3,725,770
Current assets
Debtors: amounts falling due within one year	5	100		12,863
Cash at bank and in hand	6	-		43,217
		100		56,080
Creditors: amounts falling due within one year	7	-		(2,008,615)
Net current assets/(liabilities)			100		(1,952,535)
Total assets less current liabilities			100		1,773,235
Creditors: amounts falling due after more than one year	8		-		(1,750,000)

Net assets			100		23,235

Capital and reserves
Called up share capital	11	100	100
Profit and loss account		-	23,135
		100	23,235

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GANCO (MH) LIMITED

REGISTERED NUMBER: 15290002

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 September 2026.

M S Gani

Director

The notes on pages 3 to 7 form part of these financial statements.

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GANCO (MH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Ganco (MH) Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Ground Floor, Melrose House, 42 Dingwall Road, Croydon, England, CR0 2NE.
The company specialises in property investment and property development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

Following a group restructure, the company's investment property has been transferred to other group companies. As a result, the Directors have no future plans for the Company and have ceased operations. The Directors, therefore, do not consider that the going concern basis is appropriate for these financial statements and have prepared the financial statements on a basis other than going concern. This basis included all assets at their recoverable amounts rather than their historical costs and makes provisions for the costs of disposals of the assets. All assets and liabilities are treated as recoverable and payable within one year.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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GANCO (MH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Borrowing costs

All borrowing costs are recognised in Statement of comprehensive income in the year in which they are incurred.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in Statement of comprehensive income.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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GANCO (MH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Employees

The average monthly number of employees, including directors, during the year was 4 (period ended 31 March 2025 - 4).

4.	Investment property

		Freehold investment property
		£

	At 1 April 2025	3,725,770
	Additions at cost	49,536
	Disposals	(3,775,306)
	At 31 March 2026	-

Debtors

					2026	2025
					£	£


Amounts owed by group undertakings	100	-
Other debtors	-	468
Prepayments and accrued income	-	12,395
	100	12,863

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	-	43,217
	-	43,217

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GANCO (MH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Amounts owed to group undertakings	-	1,298,968
Corporation tax	-	74
Other creditors	-	709,573
	-	2,008,615

8.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	-	1,750,000
	-	1,750,000

The bank loans are secured by a fixed and floating charge against the assets of the company.



Amounts falling due 2-5 years
Bank loans	-	1,750,000

	-	1,750,000

10.	Deferred taxation

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GANCO (MH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

10.Deferred taxation (continued)

		2026
		£

	Charged to profit or loss	(302,483)
	Utilised in year - transfer to group company	302,483
	At end of year	-

11.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

12.

Related party transactions

Included within amounts due from (period ended 31 March 2025 - due to) group undertakings is an amount of £100 due from (period ended 31 March 2025 - £1,298,968 due to) another wholly owned subsidiary company of the group. During the year, the investment property was also sold to another company within the group for its market value of £5,000,000.
During the year, the company was charged management charges from a company under common control. The management charges included in the Statement of comprehensive income were £2,834 (2025 - £Nil).

13.	Controlling party

Up to 5 November 2024, the company was wholly owned by Mr. N A and Mrs. R N Gani.
From 5 November 2024, the immediate and ultimate parent undertaking was Ganco Assets Ltd (formerly known as Newell Limited) by virtue of its 100% shareholding in the company.

Throughout the year, the company was controlled by Mr. N A and Mrs. R N Gani, directors.

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