Company No: 16212832 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Andrew James Day (Appointed 28 January 2025)
	Janice Louise Day (Appointed 28 January 2025)

REGISTERED OFFICE	25 St. Thomas Street
	Winchester
	SO23 9HJ
	United Kingdom

COMPANY NUMBER

16212832 (England and Wales)

ACCOUNTANT	Martin and Company
	25 St Thomas Street
	Winchester
	Hampshire
	SO23 9HJ

	Note	31.01.2026
		£
Fixed assets
Investment property	3	288,956
		288,956
Current assets
Debtors	4	340,027
Cash at bank and in hand	5	21,205
		361,232
Creditors: amounts falling due within one year	6	( 645,525)
Net current liabilities		(284,293)
Total assets less current liabilities		4,663
Net assets		4,663
Capital and reserves
Called-up share capital	7	200
Profit and loss account		4,463
Total shareholders' funds		4,663

For the financial period ending 31 January 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 financial statements for the financial period 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Giorno Limited (registered number: 16212832) were approved and authorised for issue by the Board of Directors on 21 October 2026. They were signed on its behalf by:

Andrew James Day Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Giorno Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 25 St. Thomas Street, Winchester, SO23 9HJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 28.01.2025 to 31.01.2026
	Number
Monthly average number of persons employed by the Company during the period, including directors	0

3. Investment property

	Investment property
	£
Valuation
As at 28 January 2025	0
Additions	288,956
As at 31 January 2026	288,956

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	31.01.2026
	£
Historic cost	288,956

4. Debtors

	31.01.2026
	£
Prepayments	340,027

5. Cash and cash equivalents

	31.01.2026
	£
Cash at bank and in hand	21,205

6. Creditors: amounts falling due within one year

	31.01.2026
	£
Amounts owed to directors	642,228
Accruals	2,250
Taxation and social security	1,047
	645,525

7. Called-up share capital

	31.01.2026
	£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each	100
100 Ordinary B shares of £ 1.00 each	100
	200

On 28 January 2025 100 Ordinary A shares of £1 each and 100 Ordinary B shares of £1 each were allotted. Total consideration of £100 was received the the Ordinary A shares and £100 for the Ordinary B shares.

8. Related party transactions

Transactions with the entity's directors

	31.01.2026
	£
Transfer of property into the Company	270,000
Other transactions with directors	372,228

During the period, the shareholders of the Company transferred a property into the Company at an agreed value of £270,000, being its open market value at the date of transfer. The transfer completed on 31 March 2025.

In addition, during the period the directors incurred costs personally on behalf of the Company, principally in relation to the acquisition of investment properties completing after the year end. The amounts remained outstanding as a credit balance due to the directors at the Balance Sheet date.

The consideration left outstanding as a loan due to the directors is unsecured, interest free and has no fixed repayment terms. At 31 January 2026 £642,228 was due to the directors and is included within creditors.

9. Events after the Balance Sheet date

On 9 February 2026, the Company completed the acquisition of further residential investment properties, financed through bank borrowings.