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Registered number: 11007749
GKM Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Brunel Chartered Certified Accountants
3 Marco Polo House
Cook Way
Taunton
Somerset
TA2 6BJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11007749
2026 2025
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 237,500 167,518
237,500 167,518
CURRENT ASSETS
Cash at bank and in hand 1,176 1,102
1,176 1,102
Creditors: Amounts Falling Due Within One Year 5 (312 ) (8,659 )
NET CURRENT ASSETS (LIABILITIES) 864 (7,557 )
TOTAL ASSETS LESS CURRENT LIABILITIES 238,364 159,961
Creditors: Amounts Falling Due After More Than One Year 6 (278,554 ) (263,296 )
NET LIABILITIES (40,190 ) (103,335 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (40,290 ) (103,435 )
SHAREHOLDERS' FUNDS (40,190) (103,335)
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Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gareth Markham
Director
8 October 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GKM Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11007749 . The registered office is 3 Marco Polo House, Cook Way, Taunton, Somerset, TA2 6BJ.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Investment Property
2026
£
Fair Value
As at 1 April 2025 167,518
Revaluations 69,982
As at 31 March 2026 237,500
5. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 312 600
Other creditors - 8,059
312 8,659
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6. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 188,000 188,000
Other creditors 90,554 75,296
278,554 263,296
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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