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COMPANY REGISTRATION NUMBER: 04981351
GAIRLOCH PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2025
GAIRLOCH PROPERTY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2025
CONTENTS
PAGE
Officers and professional advisers
1
Directors' report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
6
The following pages do not form part of the financial statements
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
10
GAIRLOCH PROPERTY LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr R P Atkins
Mrs K L Atkins
Company secretary
Mrs K L Atkins
Registered office
Fulford Lodge
1 Heslington Lane
Fulford
York
YO10 4HW
Accountants
Townends Accountants LLP
Chartered Accountants
Fulford Lodge
1 Heslington Lane
Fulford
York
YO10 4HW
Bankers
HSBC Bank Plc
13 Parliament Street
York
YO1 8XS
GAIRLOCH PROPERTY LIMITED
DIRECTORS' REPORT
YEAR ENDED 31 DECEMBER 2025
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2025 .
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was that of property investment and management.
DIRECTORS
The directors who served the company during the year were as follows:
Mr R P Atkins
Mrs K L Atkins
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 6 October 2026 and signed on behalf of the board by:
Mrs K L Atkins
Director
Registered office:
Fulford Lodge
1 Heslington Lane
Fulford
York
YO10 4HW
GAIRLOCH PROPERTY LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED 31 DECEMBER 2025
2025
2024
Note
£
£
TURNOVER
19,949
21,471
--------
--------
GROSS PROFIT
19,949
21,471
Administrative expenses
9,675
3,185
--------
--------
OPERATING PROFIT
10,274
18,286
Interest payable and similar expenses
5
–
7
--------
--------
PROFIT BEFORE TAXATION
10,274
18,279
Tax on profit
1,952
3,473
--------
--------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME
8,322
14,806
--------
--------
Dividends paid and payable
( 1,000)
( 1,000)
RETAINED EARNINGS AT THE START OF THE YEAR
111,852
98,046
----------
----------
RETAINED EARNINGS AT THE END OF THE YEAR
119,174
111,852
----------
----------
All the activities of the company are from continuing operations.
GAIRLOCH PROPERTY LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2025
2025
2024
Note
£
£
£
FIXED ASSETS
Intangible assets
6
135,963
135,963
CURRENT ASSETS
Cash at bank and in hand
20,548
21,420
CREDITORS: amounts falling due within one year
8
36,337
44,531
--------
--------
NET CURRENT LIABILITIES
15,789
23,111
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
120,174
112,852
----------
----------
NET ASSETS
120,174
112,852
----------
----------
GAIRLOCH PROPERTY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2025
2025
2024
Note
£
£
£
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
119,174
111,852
----------
----------
SHAREHOLDERS FUNDS
120,174
112,852
----------
----------
These financial statements have been prepared 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'.
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 .
These financial statements were approved by the board of directors and authorised for issue on 6 October 2026 , and are signed on behalf of the board by:
Mr R P Atkins
Director
Company registration number: 04981351
GAIRLOCH PROPERTY LIMITED
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 Fulford Lodge, 1 Heslington Lane, Fulford, York, YO10 4HW.
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 certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
Revenue recognition
The revenue shown in the profit and loss account, represents income receivable from rental properties held in the period.
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.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in its fair value is recognised in the profit or loss At December 2020, the investment property is Unit 7, Pyramid Court, Ouseacres, York YO26 5NB. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties..
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.
4. EMPLOYEES AND DIRECTORS
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. INTEREST PAYABLE AND SIMILAR EXPENSES
2025
2024
£
£
Interest on banks loans and overdrafts
–
7
----
----
6. INTANGIBLE ASSETS
Intangible asset user defined 1
£
Cost
At 1 January 2025 and 31 December 2025
135,963
----------
Amortisation
At 1 January 2025 and 31 December 2025
–
----------
Carrying amount
At 31 December 2025
135,963
----------
At 31 December 2024
135,963
----------
7. TANGIBLE ASSETS
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in its fair value is recognised in the profit or loss At December 2020, the investment property is Unit 7, Pyramid Court, Ouseacres, York YO26 5NB. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
8. CREDITORS: amounts falling due within one year
2025
2024
£
£
Corporation tax
1,952
3,473
Social security and other taxes
2,139
1,895
Directors loan account
25,011
36,827
Other creditors
7,235
2,336
--------
--------
36,337
44,531
--------
--------
9. RELATED PARTY TRANSACTIONS
During the year the directors had a loan account with the company. The balance owing to the directors at 31 December 2025 was £ 25,011 (2024: £ 36,827 ). This loan was interest free and repayable upon demand.
GAIRLOCH PROPERTY LIMITED
MANAGEMENT INFORMATION
YEAR ENDED 31 DECEMBER 2025
The following pages do not form part of the financial statements.
GAIRLOCH PROPERTY LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GAIRLOCH PROPERTY LIMITED
YEAR ENDED 31 DECEMBER 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gairloch Property Limited for the year ended 31 December 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Gairloch Property Limited, as a body, in accordance with the terms of our engagement letter dated 14 August 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Gairloch Property Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gairloch Property Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Gairloch Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gairloch Property Limited. You consider that Gairloch Property Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Gairloch Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Townends Accountants LLP Chartered Accountants
Fulford Lodge 1 Heslington Lane Fulford York YO10 4HW
6 October 2026