Registration number: 15225315

GIL (Louth) Investment Properties Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 8

GIL (Louth) Investment Properties Limited

Company Information

Directors

A C Grantham S H Grantham P C Grantham D H Grantham

Registered office

Warwick Road Fairfield Industrial Estate Louth Lincolnshire LN11 0YB

GIL (Louth) Investment Properties Limited

(Registration number: 15225315)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	198,054	220,347
Investment property	5	2,365,000	2,365,000
		2,563,054	2,585,347
Current assets
Debtors	6	158,930	90,392
Cash at bank and in hand		4,783	366
		163,713	90,758
Creditors: Amounts falling due within one year	7	(248,759)	(192,663)
Net current liabilities		(85,046)	(101,905)
Total assets less current liabilities		2,478,008	2,483,442
Creditors: Amounts falling due after more than one year	7	(1,298,158)	(1,337,810)
Net assets		1,179,850	1,145,632
Capital and reserves
Called up share capital		1,191,348	1,191,348
Retained earnings		(11,498)	(45,716)
Shareholders' funds		1,179,850	1,145,632

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2026 and signed on its behalf by:
 

......................................... S H Grantham Director

GIL (Louth) Investment Properties Limited

Statement of Changes in Equity for the year ended 31 January 2026

	Share capital £	Retained earnings £	Total £
At 1 February 2025	1,191,348	(45,716)	1,145,632
Profit for the year	-	34,218	34,218
At 31 January 2026	1,191,348	(11,498)	1,179,850

	Share capital £	Retained earnings £	Total £
Loss for the year	-	(45,716)	(45,716)
New share capital subscribed	1,191,348	-	1,191,348
At 31 January 2025	1,191,348	(45,716)	1,145,632

GIL (Louth) Investment Properties Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 15225315.

The address of its registered office is:
Warwick Road
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0YB

These financial statements were authorised for issue by the Board on 30 October 2026.

The financial statements cover the individual entity, GIL (Louth) Investment Properties Limited.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

At the balance sheet date the company had a strong net asset position. The directors have prepared forecasts for a period of 12 months from the date of approval of these financial statements which show the company continuing to generate profits. At the time of signing these accounts, the directors have considered the going concern position and remain confident that the company will be able to operate within the resources available to it.

On that basis, the directors have prepared these financial statements on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the letting of property in the ordinary course of the Company’s activities. Turnover is shown net of value added tax.

The Company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

GIL (Louth) Investment Properties Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

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 the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

GIL (Louth) Investment Properties Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 4 (2025 - 4).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2025	226,347	226,347
At 31 January 2026	226,347	226,347
Amortisation
At 1 February 2025	6,000	6,000
Amortisation charge	22,293	22,293
At 31 January 2026	28,293	28,293
Carrying amount
At 31 January 2026	198,054	198,054
At 31 January 2025	220,347	220,347

5	Investment properties

	2026 £
At 1 February 2025	2,365,000
At 31 January 2026	2,365,000

The value of the investment property represents the open market value for existing use as per the professional valuation prepared in 2023. The directors have reviewed the valuation at 31 January 2026 and it has not materially changed.

6

Debtors

Current	2026 £	2025 £
Trade debtors	46,293	32,175
Prepayments and accrued income	18,980	14,837
Other debtors	93,657	43,380
	158,930	90,392

Details of non-current trade and other debtors

£6,237 (2025 - £9,037) of prepayments is classified as non current.

GIL (Louth) Investment Properties Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Bank loans and overdrafts	8	39,652	36,794
Trade creditors		9,783	-
Taxation and social security		9,288	7,688
Accruals and deferred income		27,481	28,881
Other creditors		162,555	119,300
		248,759	192,663

Creditors due within one year include bank loans which are secured of £39,652 (2025 - £36,794). Bank loans are secured by a fixed and floating charge over the assets of the company.

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	1,298,158	1,337,810

	2026 £	2025 £
Due after more than five years
After more than five years by instalments	1,106,015	1,189,881

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