GTS Holdings Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2024	100	245,784	245,884
Profit for the year and total comprehensive income	-	10,286	10,286

Dividends paid	-	(2,000)	(2,000)

As at 31 December 2024 and 1 January 2025	100	254,070	254,170


Profit for the year and total comprehensive income	-	6,682	6,682

Dividends paid	-	(2,000)	(2,000)

As at 31 December 2025	100	258,752	258,852

1. General Information

GTS Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05648063 . The registered office is St. David's House, New Road, Newtown, Powys, Wales, SY16 1RB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

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GTS Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investments

	Other
	£
Cost or Valuation
As at 1 January 2025	1,273,643
Disposals	(166,834 )

As at 31 December 2025	1,106,809

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1,106,809

As at 1 January 2025	1,273,643

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GTS Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	18,000
Prepayments and accrued income	755	-
Amounts owed by group undertakings	377,598	195,884

	378,353	213,884

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	120
Corporation tax	1,596	3,251
Accruals and deferred income	1,020	960
Director's loan account	1,229,684	1,262,994

	1,232,300	1,267,325

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

Horsehay Ltd

A company in which Mr Peter Davies is director.

At the year end, GTS Holdings Ltd was owed £166,834 by Horsehay Ltd (2024 - £Nil owed by).

GTS Tradeslink Limited

A company in which Mr Peter Davies is director.

At the year end, GTS Holdings Ltd was owed £Nil by GTS Tradeslink Limited (2024 - £1,000 owed by). Trade debtors included balances due from GTS Tradeslink Limited of £Nil (2024: £18,000).

Peartree Bridge Homes Ltd

A company in which Mr Peter Davies and Mrs Louise Davies are directors.

At the year end, GTS Holdings Ltd was owed £177,330.18 by Peartree Bridge Homes Ltd (2024 - £177,450.18 owed by).

St David's Business Centre Ltd

A company in which Mr Peter Davies is director.

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GTS Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

At the year end, GTS Holdings Ltd was owed £33,434 by St David's Business Centre Ltd (2024 - £17,434 owed by).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,106,809		1,273,643

			1,106,809		1,273,643
CURRENT ASSETS
Debtors	5	378,353		213,884
Cash at bank and in hand		5,990		33,968

		384,343		247,852
Creditors: Amounts Falling Due Within One Year	6	(1,232,300 )		(1,267,325 )

NET CURRENT ASSETS (LIABILITIES)			(847,957 )		(1,019,473 )

TOTAL ASSETS LESS CURRENT LIABILITIES			258,852		254,170

NET ASSETS			258,852		254,170

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			258,752		254,070

SHAREHOLDERS' FUNDS			258,852		254,170