REGISTERED NUMBER: 05218626 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

George Street Builders Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N R Ramsden

REGISTERED OFFICE:

361 Cleethorpe Road

Grimsby

N E Lincolnshire

DN31 3BP

REGISTERED NUMBER:

05218626 (England and Wales)

FIXED ASSETS

Investment property

4

8,823,546

9,478,488

CURRENT ASSETS

Debtors

5

402,510

88,873

Cash at bank

141,007

9,183

543,517

98,056

CREDITORS

Amounts falling due within one year

6

829,759

1,045,151

NET CURRENT LIABILITIES

(286,242

)

(947,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,537,304

8,531,393

CREDITORS

Amounts falling due after more than one year

7

9,082,753

9,164,715

NET LIABILITIES

(545,449

)

(633,322

)

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

9

(308,736

)

(308,736

)

Retained earnings

(236,714

)

(324,587

)

SHAREHOLDERS' FUNDS

(545,449

)

(633,322

)

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2026 and were signed by:

N R Ramsden - Director

1.	STATUTORY INFORMATION

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

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.

Going concern

The financial statements have been prepared on a going concern basis. Whilst the company was in a net liability position at the balance sheet date, Mr N Ramsden has confirmed his continued financial support for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

9,478,488

Disposals

(654,942

)

At 31 January 2026

8,823,546

NET BOOK VALUE

At 31 January 2026

8,823,546

At 31 January 2025

9,478,488

Fair value at 31 January 2026 is represented by:

£

Valuation in 2011

(741,553

)

Valuation in 2012

345,000

Valuation in 2013

(20,000

)

Valuation in 2014

50,000

Valuation in 2015

57,817

Valuation in 2018

(639,065

)

Valuation in 2022

255,837

Valuation in 2024

249,356

Cost

9,266,154

8,823,546

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

53,293

88,732

Other debtors

349,217

141

402,510

88,873

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

225,864

239,369

Trade creditors

227

11,956

Taxation and social security

118,321

105,189

Other creditors

485,347

688,637

829,759

1,045,151

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

3,955,308

4,471,201

Other creditors

5,127,445

4,693,514

9,082,753

9,164,715

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,051,853

3,544,612

Other loans more 5yrs instal

4,673,769

4,302,417

7,725,622

7,847,029

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

4,181,172

4,710,570

Bank loans and overdrafts are secured by way of a floating charge on the Company's assets and fixed charges on its freehold land and its leasehold property and over all its book debts. The bank also holds an unlimited Multilateral Guarantee between D B Ramsden & Company Limited, Ron Ramsdens Limited, George Street Builders Limited and Re-Scan Limited dated 3 January 2013, as approved by the board on 6 March 2013.

9.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

(308,736

)

10.	RELATED PARTY DISCLOSURES

During the year the company had the following related party transactions:

31.1.26

31.1.25

£

£

Purchases made from related parties

66,845

66,845

Rent charged/recharges made to related parties

651,072

651,072

Interest paid to related parties

35,105

238,256

Amounts owed to related parties

5,450,863

4,776,567

Related party trade debtor balances

4,217

4,217

Investment property purchased from related parties

-

The related parties are companies of which Mr N Ramsden is also a director.