REGISTERED NUMBER: NI623445 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

GVMC Properties Ltd

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

Miss G V McCabrey

REGISTERED OFFICE:

C/O Lynn Drake & Co Ltd

First Floor, 34b-d Main Street

Moira

Co. Armagh

BT67 0LE

REGISTERED NUMBER:

NI623445 (Northern Ireland)

ACCOUNTANTS:

Drake Wells Stewart Limited

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Armagh

BT67 0LE

FIXED ASSETS

Tangible assets

5

19,928

-

Investment property

6

367,368

367,368

387,296

367,368

CURRENT ASSETS

Stocks

7

401,481

254,796

Debtors

8

-

375,000

Cash and cash equivalents

2,286

49

403,767

629,845

CREDITORS

Amounts falling due within one year

9

306,339

557,317

NET CURRENT ASSETS

97,428

72,528

TOTAL ASSETS LESS CURRENT LIABILITIES

484,724

439,896

CREDITORS

Amounts falling due after more than one year

10

(60,167

)

(60,167

)

PROVISIONS FOR LIABILITIES

12

(3,786

)

-

NET ASSETS

420,771

379,729

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

420,671

379,629

SHAREHOLDERS' FUNDS

420,771

379,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2026 and were signed by:

Miss G V McCabrey - Director

1.	STATUTORY INFORMATION

GVMC Properties Ltd is a private company, limited by shares , registered in Northern Ireland. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on cost

Tangible Fixed Assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase , cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged,obsolete and slow-moving stock where appropriate.

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

8,780

-

8,780

Additions

-

26,570

26,570

At 31 March 2026

8,780

26,570

35,350

DEPRECIATION

At 1 April 2025

8,780

-

8,780

Charge for year

-

6,642

6,642

At 31 March 2026

8,780

6,642

15,422

NET BOOK VALUE

At 31 March 2026

-

19,928

19,928

At 31 March 2025

-

-

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

367,368

NET BOOK VALUE

At 31 March 2026

367,368

At 31 March 2025

367,368

The company owns four investment properties all based within the UK. The investment properties have been valued at cost plus associated professional fees on purchase.

7.

STOCKS

31.3.26

31.3.25

£

£

Stocks

401,481

254,796

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

-

375,000

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

831

784

Taxation and social security

6,183

50,357

Other creditors

299,325

506,176

306,339

557,317

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

60,167

60,167

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

43,547

43,547

11.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due within one year or on demand:

Other loans

3,328

3,328

Amounts falling due between one and two years:

Other loans - 1-2 years

6,648

6,648

Amounts falling due between two and five years:

Other loans - 2-5 years

9,972

9,972

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

43,547

43,547

12.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

Accelerated capital allowances

3,786

-

Deferred

tax

£

Provided during year

3,786

Balance at 31 March 2026

3,786

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

100

100

100

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss G V McCabrey.