REGISTERED NUMBER: 10902005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

GERARD BROTHERS TRADING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Gerard

O Gerard

REGISTERED OFFICE:

c/o S&W Partners

17 Queens Lane

Newcastle Upon Tyne

NE1 1RN

REGISTERED NUMBER:

10902005 (England and Wales)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Q Court

3 Quality Street

Edinburgh

EH4 5BP

FIXED ASSETS

Investment property

4

1,900,000

1,750,000

CURRENT ASSETS

Debtors

5

87,845

86,907

Cash at bank and in hand

63,015

111,734

150,860

198,641

CREDITORS

Amounts falling due within one year

6

(20,125

)

(39,978

)

NET CURRENT ASSETS

130,735

158,663

TOTAL ASSETS LESS CURRENT LIABILITIES

2,030,735

1,908,663

PROVISIONS FOR LIABILITIES

7

(12,500

)

-

NET ASSETS

2,018,235

1,908,663

CAPITAL AND RESERVES

Called up share capital

1,891,740

1,891,740

Fair value reserve

37,500

-

Retained earnings

88,995

16,923

SHAREHOLDERS' FUNDS

2,018,235

1,908,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

P M Gerard - Director

1.	STATUTORY INFORMATION

Gerard Brothers Trading Ltd 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

Rental income is measured at the fair value of the consideration received or receivable. Income is recognised in line with the period covered by the rent with any amounts received in advance recognised as a liability.

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.

Investment property is reviewed annually for impairment.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument 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 related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

1,750,000

Additions

2,640

Revaluations

147,360

At 31 October 2025

1,900,000

NET BOOK VALUE

At 31 October 2025

1,900,000

At 31 October 2024

1,750,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2019

(100,000

)

Valuation in 2025

147,360

Cost

1,852,640

1,900,000

The property was valued at 31 October 2025 by the directors at open market value based on recent property transactions in the same location.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,863

Other debtors

87,845

85,044

87,845

86,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

888

-

Taxation and social security

15,211

35,964

Other creditors

4,026

4,014

20,125

39,978

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

12,500

-

Deferred

tax

£

Charge to Income Statement during year

12,500

Balance at 31 October 2025

12,500

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

P M Gerard

Balance outstanding at start of year

22,157

21,701

Amounts advanced

23,331

490

Amounts repaid

(22,502

)

(34

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,986

22,157

O Gerard

Balance outstanding at start of year

25,119

24,565

Amounts advanced

23,442

554

Amounts repaid

(22,502

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,059

25,119

Interest is charged at a rate of 3.75% per annum. There are no fixed terms of repayment.