REGISTERED NUMBER: 10852186 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

George Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G A Adams

REGISTERED OFFICE:

The Warehouse

Silver Street

Malmesbury

Wiltshire

SN16 9BU

REGISTERED NUMBER:

10852186 (England and Wales)

FIXED ASSETS

Tangible assets

4

33,806

35,823

Investment property

5

15,390,000

13,465,800

15,423,806

13,501,623

CURRENT ASSETS

Debtors

6

223,365

175,447

Cash at bank

1,591,320

292,935

1,814,685

468,382

CREDITORS

Amounts falling due within one year

7

1,936,701

1,950,220

NET CURRENT LIABILITIES

(122,016

)

(1,481,838

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,301,790

12,019,785

CREDITORS

Amounts falling due after more than one year

8

(944,250

)

(1,230,083

)

PROVISIONS FOR LIABILITIES

(1,084,740

)

(528,475

)

NET ASSETS

13,272,800

10,261,227

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Share premium

4,209,968

4,209,968

Other reserves

3,221,719

1,333,759

Retained earnings

5,741,113

4,617,500

SHAREHOLDERS' FUNDS

13,272,800

10,261,227

The 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.

The financial statements were approved by the director and authorised for issue on 20 October 2026 and were signed by:

G A Adams - Director

1.	STATUTORY INFORMATION

George Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income receivable excluding applicable Value Added Tax. Rental income is recognised in accordance with the terms of tenants' leases.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

12.5% on a straight line basis

Fixtures and fittings

-

20% on straight line basis

Computer equipment

-

20% on straight line basis

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

92,916

27,952

1,503

122,371

Additions

6,815

-

-

6,815

Disposals

-

(87

)

-

(87

)

At 31 March 2026

99,731

27,865

1,503

129,099

DEPRECIATION

At 1 April 2025

57,447

27,695

1,406

86,548

Charge for year

8,478

257

97

8,832

Eliminated on disposal

-

(87

)

-

(87

)

At 31 March 2026

65,925

27,865

1,503

95,293

NET BOOK VALUE

At 31 March 2026

33,806

-

-

33,806

At 31 March 2025

35,469

257

97

35,823

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

13,465,800

Additions

66,920

Disposals

(660,000

)

Revaluations

2,517,280

At 31 March 2026

15,390,000

NET BOOK VALUE

At 31 March 2026

15,390,000

At 31 March 2025

13,465,800

Fair value at 31 March 2026 is represented by:

£

Valuation in 2021

(393,000

)

Valuation in 2022

(80,669

)

Valuation in 2023

(427,862

)

Valuation in 2024

187,365

Valuation in 2025

2,492,511

Valuation in 2026

2,517,280

Cost

11,094,375

15,390,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

11,094,375

11,687,455

Investment property was valued on an open market basis on 31 March 2026 by Cushman & Wakefield .

6.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

153,664

108,354

Prepayments and accrued income

55,325

58,236

208,989

166,590

Amounts falling due after more than one year:

Prepayments and accrued income

14,376

8,857

Aggregate amounts

223,365

175,447

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans

1,117,959

1,137,903

Trade creditors

24,784

78,295

Tax

311,951

275,072

Social security and other taxes

3,948

3,589

VAT

85,952

65,142

Other creditors

219,275

206,724

Deferred income

141,879

151,849

Accrued expenses

30,953

31,646

1,936,701

1,950,220

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans - 1-2 years

-

75,000

Other loans - 2-5 years

944,250

1,155,083

944,250

1,230,083

Other loans falling due after one year includes a loan of £944,250 (2025: £1,230,083). The loan is repayable over a period of 5 years, with interest payable in line with the Bank of England base rate and is secured against investment property owned by the company.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Iain Black (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

10.	RELATED PARTY DISCLOSURES

Other loans due within one year includes a loan of £1,117,959 (2025: £1,137,904) from G A Adams. This loan is unsecured, repayable on demand and interest is payable as agreed between the parties from time to time.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is G A Adams.