GM77 Property Limited

GM77 Property Limited
Contents Page
For the year ended 31 May 2026

Company Information	1
Directors' Report	2
Accountants' Report	3
Statement of Financial Position	4
Notes to the Financial Statements	5

GM77 Property Limited
Company Information
For the year ended 31 May 2026

Directors	Graeme Reid Michelle Kelly
Registered Number	SC811198
Registered Office	23 Scholars Wynd ML3 8RE
Accountants	FBD Consultancy, Accounts & Tax Ltd 2 Glasgow Road Dennyloanhead FK4 1QF

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GM77 Property Limited
Directors' Report
For the year ended 31 May 2026

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 31 May 2026.

Directors

The directors who served the company throughout the year were as follows:

Graeme Reid

Michelle Kelly

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Graeme Reid
Director

Date approved: 06 October 2026

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GM77 Property Limited Accountants' Report For the year ended 31 May 2026
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GM77 Property Limited for the year ended 31 May 2026. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GM77 Property Limited for the year ended 31 May 2026 the which comprise the Profit and Loss Account, the Balance Sheet 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of GM77 Property Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of GM77 Property Limited and state those matters that we have agreed to state to the Board of Directors of GM77 Property Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GM77 Property Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that GM77 Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GM77 Property Limited . You consider that GM77 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 accounts of GM77 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 accounts dated 31 May 2026. .................................................... FBD Consultancy, Accounts & Tax Ltd 2 Glasgow Road Dennyloanhead FK4 1QF 06 October 2026 3

GM77 Property Limited
Accountants' Report
For the year ended 31 May 2026

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GM77 Property Limited for the year ended 31 May 2026.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GM77 Property Limited for the year ended 31 May 2026 the which comprise the Profit and Loss Account, the Balance Sheet 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of GM77 Property Limited , as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of GM77 Property Limited and state those matters that we have agreed to state to the Board of Directors of GM77 Property Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GM77 Property Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that GM77 Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GM77 Property Limited .

You consider that GM77 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 accounts of GM77 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 accounts dated 31 May 2026.

....................................................

FBD Consultancy, Accounts & Tax Ltd
2 Glasgow Road

Dennyloanhead
FK4 1QF
06 October 2026

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Registered Number: SC811198 GM77 Property Limited
Statement of Financial Position
As at 31 May 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	110,000	110,000
		110,000	110,000
Current assets
Cash at bank and in hand		892	269
Creditors: amount falling due within one year		(43,503)	(55,401)
Net current assets		(42,611)	(55,132)

Total assets less current liabilities		67,389	54,868
Creditors: amount falling due after more than one year		(79,286)	(63,000)
Provisions for liabilities	4	(1,652)	(1,652)
Net assets		(13,549)	(9,784)

Capital and reserves
Called up share capital		50	50
Profit and loss account		(13,599)	(9,834)
Shareholders' funds		(13,549)	(9,784)

For the year ended 31 May 2026 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 accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 06 October 2026 and were signed on its behalf by:

-------------------------------
Graeme Reid
Director

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GM77 Property Limited
Notes to the Financial Statements
For the year ended 31 May 2026

General Information

GM77 Property Limited is a private company, limited by shares, registered in Scotland, registration number SC811198, registration address 23 Scholars Wynd, ML3 8RE.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 0 (2025 : 0).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 June 2025	110,000	110,000
Additions	-	-
Disposals	-	-
At 31 May 2026	110,000	110,000
Depreciation
At 01 June 2025	-	-
Charge for year	-	-
On disposals	-	-
At 31 May 2026	-	-
Net book values
Closing balance as at 31 May 2026	110,000	110,000
Opening balance as at 01 June 2025	110,000	110,000

4.

Provisions for liabilities

	2026 £	2025 £
Deferred Tax	1,652	-
Charged to Profit & Loss	-	1,652
	1,652	1,652

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