Company No: OC445272 (England and Wales)

Contents

• Statement of Financial Position
• Reconciliation of Members' Interests
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	2,075		1,103
Investments	5	2,277,407		972,986
		2,279,482		974,089
Current assets
Debtors	6	31,056		110,177
Cash at bank and in hand		1,740,560		19,157
		1,771,616		129,334
Creditors: amounts falling due within one year	7	( 484,096)		( 41,921)
Net current assets		1,287,520		87,413
Total assets less current liabilities		3,567,002		1,061,502
Net assets attributable to members		3,567,002		1,061,502
Represented by
Loans and other debts due to members within one year
Other amounts		3,567,002		1,061,502
		3,567,002		1,061,502
Total members' interests
Loans and other debts due to members		3,567,002		1,061,502
		3,567,002		1,061,502

For the financial period ending 31 January 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, 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 LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of GKA Advisors LLP (registered number: OC445272) were approved and authorised for issue by the members. They were signed on its behalf by:

G Kadare 1 Ltd Designated member

22 October 2026

	DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Other amounts	Total
	£	£
Amounts due to members	499,771
Balance at 01 February 2024	499,771	499,771
Members' remuneration charged as an expense, including employment and retirement benefit costs	1,213,263	1,213,263
Members' interest after result for the financial period	1,713,034	1,713,034
Drawings	(651,532)	(651,532)
Amounts due to members	1,061,502
Balance at 31 January 2025	1,061,502	1,061,502
Members' remuneration charged as an expense, including employment and retirement benefit costs	3,341,697	3,341,697
Members' interest after result for the financial period	4,403,199	4,403,199
Drawings	(836,197)	(836,197)
Amounts due to members	3,567,002
Balance at 31 January 2026	3,567,002	3,567,002

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

1. Accounting policies

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

General information and basis of accounting

GKA Advisors LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 3 Clancarty Road, London, SW6 3AH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

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

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

The LLP only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the LLP during the year	0		0

3. Members' remuneration

Profits are shared among the directors in accordance with agreed profit sharing arrangements. Members are required to make their own provision for pensions from their profit shares.

	2026		2025
	Number		Number
Average number of members during the financial period	2		2

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	2,711		2,711
Additions	2,667		2,667
At 31 January 2026	5,378		5,378
Accumulated depreciation
At 01 February 2025	1,608		1,608
Charge for the financial period	1,695		1,695
At 31 January 2026	3,303		3,303
Net book value
At 31 January 2026	2,075		2,075
At 31 January 2025	1,103		1,103

5. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 February 2025	972,986		972,986
Additions	1,289,371		1,289,371
Movement in fair value	15,050		15,050
At 31 January 2026	2,277,407		2,277,407
Carrying value at 31 January 2026	2,277,407		2,277,407
Carrying value at 31 January 2025	972,986		972,986

6. Debtors

	2026		2025
	£		£
Trade debtors	30,000		72,505
Prepayments and accrued income	245		31,454
Other debtors	811		6,218
	31,056		110,177

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to related parties	202		52
Accruals and deferred income	481,037		4,600
Other taxation and social security	2,857		16,019
Other creditors	0		21,250
	484,096		41,921

8. Related party transactions

The designated members of the LLP are considered to be key management responsible for planning, directing and controlling the activities of the LLP. Transactions with the designated members are shown in the Reconciliation of Members Interests.