GMG Property Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14629907

GMG Property Ltd

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

GMG Property Ltd

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		6,112,051		1,459,500

Current assets

Debtors: due within one year	6	202,096	255,200
Debtors: due after more than one year	6	100,000	–
Cash at bank and in hand		50,976	396
		---------	---------
		353,072	255,596

Creditors: amounts falling due within one year	7	236,816		47,178
		---------		---------
Net current assets			116,256		208,418
			------------		------------
Total assets less current liabilities			6,228,307		1,667,918

Creditors: amounts falling due after more than one year	8		5,674,835		1,538,800

Provisions	53,747	–
	------------	------------
Net assets	499,725	129,118
	------------	------------

Capital and reserves

Called up share capital	200	200
Investment property revaluation reserve	161,242	–
Profit and loss account	338,283	128,918
	---------	---------
Shareholders funds	499,725	129,118
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GMG Property Ltd

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 28 August 2026 , and are signed on behalf of the board by:

Mr N S Grainger

Director

Company registration number: 14629907

GMG Property Ltd

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mantles Group Ltd, York Way, Royston, Hertfordshire, SG8 5HJ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 March 2024. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.

Revenue recognition

Rental income is recognised on a straight-line basis over the year in whichthe rental relates.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment property

Investment properties are shown at fair value. The gain or loss arising from the annual revaluation is recognised through profit and loss, with any unrealised gains at the balance sheet date being subsequently transferred to a separate non-distributable revaluation reserve.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to nil (2024: nil)

5. Tangible assets

	Freehold investment property
	£
Cost or valuation
At 1 January 2025	1,459,500
Additions	4,437,562
Revaluations	214,989
	------------
At 31 December 2025	6,112,051
	------------
Depreciation
At 1 January 2025 and 31 December 2025	–
	------------
Carrying amount
At 31 December 2025	6,112,051
	------------
At 31 December 2024	1,459,500
	------------

Investment property has been valued at open market value as at the balance sheet date based on the directors' best estimates. The historical cost of freehold investment properties is £5,897,062 (2024: £1,459,500). The company's fixed assets are used as security against borrowings of a related party.

6. Debtors

Debtors falling due within one year are as follows:

	2025	2024
	£	£
Trade debtors	–	60,000
Other debtors	202,096	195,200
	---------	---------
	202,096	255,200
	---------	---------

Debtors falling due after one year are as follows:

	2025	2024
	£	£
Other debtors	100,000	–
	---------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,408	–
Social security and other taxes	118,658	44,178
Other creditors	108,750	3,000
	---------	--------
	236,816	47,178
	---------	--------

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

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,650,560	–
Amounts owed to related undertakings	3,024,275	1,538,800
	------------	------------
	5,674,835	1,538,800
	------------	------------

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

9. Directors' advances, credits and guarantees

The directors owe the company £200 for the initial share capital of the company. No interest is charged on the amounts owed.

10. Related party transactions

At the balance sheet date the company owed £3,024,275 (2024: £1,538,800) to connected undertakings. This balance can be found in creditors amount due after more than one year. No interest is charged on the loans.

11. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 March 2024.

No transitional adjustments were required in equity or profit or loss for the period.