REGISTERED NUMBER: SC261279 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

GBY HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4

DIRECTOR:

K Kelly

REGISTERED OFFICE:

512 Blochairn Road

Glasgow

G21 2DZ

REGISTERED NUMBER:

SC261279 (Scotland)

ACCOUNTANTS:

Donachie Chartered Accountants

2nd Floor

Templeton House

62 Templeton Street

Glasgow

G40 1DA

SOLICITORS:

Wright, Johnston & Mackenzie LLP

319 St Vincent St

Glasgow

G2 5RZ

FIXED ASSETS

Investment property

4

1,600,000

1,600,000

CURRENT ASSETS

Cash at bank

151,229

56,802

CREDITORS

Amounts falling due within one year

5

94,341

70,281

NET CURRENT ASSETS/(LIABILITIES)

56,888

(13,479

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,656,888

1,586,521

CREDITORS

Amounts falling due after more than one year

6

123,350

162,471

NET ASSETS

1,533,538

1,424,050

CAPITAL AND RESERVES

Called up share capital

8

50,000

50,000

Retained earnings

1,483,538

1,374,050

SHAREHOLDERS' FUNDS

1,533,538

1,424,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 16 September 2026 and were signed by:

K Kelly - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 May 2024

50,000

698,398

748,398

Changes in equity

Dividends

-

(53,000

)

(53,000

)

Total comprehensive income

-

728,652

728,652

Balance at 30 April 2025

50,000

1,374,050

1,424,050

Changes in equity

Total comprehensive income

-

109,488

109,488

Balance at 30 April 2026

50,000

1,483,538

1,533,538

1.	STATUTORY INFORMATION

GBY Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 measurement of investment property at fair value.

Turnover

Rental income is recognised when the company is entitled to receive income based on the contractual agreement in force.

Investments in subsidiaries

Investments in subsidiary undertakings are stated at cost less accumulated impairment losses.

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.

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.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

and 30 April 2026

1,600,000

NET BOOK VALUE

At 30 April 2026

1,600,000

At 30 April 2025

1,600,000

The investment property was valued on an open market value basis on 30 April 2026 by the director.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

45,000

45,000

Corporation tax

36,496

12,583

VAT

8,095

9,698

Accrued expenses

4,750

3,000

94,341

70,281

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

45,000

45,000

Bank loans - 2-5 years

78,350

117,471

123,350

162,471

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

168,350

207,471

The company’s bank loan is secured by a first standard security over the investment property at 91 Jessie Street, Polmadie, Glasgow, together with a bond and floating charge over the company’s assets.

At the balance sheet date, the amount outstanding under the secured term loan with The Royal Bank of Scotland plc was £168,350 (2025: £207,471).

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

50,000

Ordinary

£1

50,000

50,000

9.	RELATED PARTY DISCLOSURES

The director is considered to be the company’s key management personnel.

10.	ULTIMATE CONTROLLING PARTY

The company’s immediate and ultimate parent undertaking is GBY Investments Ltd, a company incorporated in Scotland. The ultimate controlling party is K Kelly by virtue of his controlling interest in GBY Investments Ltd.