GMTL Investments Limited

(Registration number: 13450486)
Balance Sheet as at 30 June 2026

Approved and authorised by the Board on 17 September 2026 and signed on its behalf by:
 

......................................... Dr S W King Director

......................................... Mrs L M King Director

GMTL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
30 Lillington Road
Leamington Spa
CV32 5YY

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents dividend income from investments in listed shares and is recognised when the right to receive payment is established.

Turnover also comprises the fair value of the consideration received or receivable from the rental property in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measure; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

GMTL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate.The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments comprise of quoted equity instruments. Where an active market exists, they are valued at closing mid-market price on the reporting date. Where an active market does not exist, they are valued by the application of an appropriate valuation method. Changes in value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

GMTL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

GMTL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 July 2025	629	629
At 30 June 2026	629	629
Depreciation
At 1 July 2025	126	126
Charge for the year	126	126
At 30 June 2026	252	252
Carrying amount
At 30 June 2026	377	377
At 30 June 2025	503	503

5	Investment properties

	2026 £
At 1 July 2025	900,000
At 30 June 2026	900,000

The investment property is measured at fair value. Fair value has been determined by the director at 30 June 2026 using market evidence of transaction prices for similar properties in the local area.

GMTL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

6	Other financial assets

	Financial assets at fair value through profit and loss £	Financial assets at cost less impairment £	Total £
Cost or valuation
At 1 July 2025	1,292,867	-	1,292,867
Additions	219,206	100,000	319,206
Disposals	(111,820)	-	(111,820)
Fair value adjustments	57,547	-	57,547
At 30 June 2026	1,457,800	100,000	1,557,800

7

Debtors

Current	2026 £	2025 £
Prepayments	418	1,287
Other debtors	-	4,261
	418	5,548

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	2,431,510	2,151,198
Accruals and deferred income		3,946	1,374
		2,435,456	2,152,572

GMTL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

9	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Other borrowings	2,430,032	2,150,032
Directors loan account	1,478	1,166
	2,431,510	2,151,198

 

10	Related party transactions

Summary of transactions with other related parties

GMTL Advisory Limited is a company under the control of the directors, Dr S W King and Mrs L M King throughout the current and previous yesr.

At 30 June 2026, the amount owed by the company to GMTL Advisory Limited, included within other borrowings, was £2,330,032 (2025: £2,150,032). The balance is unsecured, interest free and repayable on demand.

In addition, at 30 June 2026 the directors loan account showed a net balance due to the directors of £1,478 (2025: £1,166), which is unsecured, interest free and repayable on demand