ACCOUNTS - Final Accounts

Registered number: 09660344

GANCO ASSETS LIMITED (FORMERLY KNOWN AS NEWELL LIMITED)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

GANCO ASSETS LIMITED (FORMERLY KNOWN AS NEWELL LIMITED)

REGISTERED NUMBER: 09660344

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note	£	£	£	£

Fixed assets
Investments	4		160,002		160,002
Current assets
Debtors: amounts falling due within one year	5	9,364,318		80,000
Net current assets			9,364,318		80,000
Total assets less current liabilities			9,524,320		240,002

Net assets			9,524,320		240,002

Capital and reserves
Called up share capital	6	160,002	160,002
Profit and loss account	7	9,364,318	80,000
		9,524,320	240,002

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GANCO ASSETS LIMITED (FORMERLY KNOWN AS NEWELL LIMITED)

REGISTERED NUMBER: 09660344

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 7 September 2026.

N A Gani

Director

The notes on pages 3 to 4 form part of these financial statements.

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GANCO ASSETS LIMITED (FORMERLY KNOWN AS NEWELL LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Ganco Assets Limited (formerly known as Newell 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 acts as the holding company to a group.

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 company is exempt from the requirement to prepare consolidated accounts as the group qualifies for the small companies regime, under Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost and net book value
	At 1 April 2025	160,002
	At 31 March 2026	160,002

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GANCO ASSETS LIMITED (FORMERLY KNOWN AS NEWELL LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Amounts owed by group undertakings	9,364,318	80,000
	9,364,318	80,000

6.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

79,701 (2025 - Nil) Ordinary A shares of £1 each	79,701	-
79,701 (2025 - Nil) Ordinary B shares of £1 each	79,701	-
600 (2025 - Nil) Ordinary G shares of £1 each	600	-
Nil (2025 - 160,002) Ordinary shares of £1 each	-	160,002

	160,002	160,002

On 4 April 2025, 160,002 Ordinary shares of £1 each were re-designated as 79,701 Ordinary A shares of £1 each, 79,701 Ordinary B shares of £1 each and 600 Ordinary G shares of £1 each.

Reserves

Profit & loss account

Included in the profit and loss account is an amount of £5,375,077 (2025 - £Nil) of non-distributable reserves.

8.	Related party transactions
	The company has taken advantage of the exemption allowed by Financial Reporting Standard 102 not to disclose transactions with any wholly owned subsidiaries.

9.	Controlling party

The company is controlled by the directors by virtue of their shareholdings.

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