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REGISTERED NUMBER: 01877518 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Glendower Ltd

Glendower Ltd (Registered number: 01877518)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glendower Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A Ford
Mrs E A Ford
E J Ford
J P Cowdrey





SECRETARY: Mrs E A Ford





REGISTERED OFFICE: The Mill
Abercych
Pembrokeshire
SA37 0EX





REGISTERED NUMBER: 01877518 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Glendower Ltd (Registered number: 01877518)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,764 9,556

CURRENT ASSETS
Stocks 20,000 30,000
Debtors 5 53,376 77,842
Investments 6 330 330
Cash at bank and in hand 243,996 249,757
317,702 357,929
CREDITORS
Amounts falling due within one year 7 160,669 262,156
NET CURRENT ASSETS 157,033 95,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,797

105,329

PROVISIONS FOR LIABILITIES 1,475 -
NET ASSETS 163,322 105,329

CAPITAL AND RESERVES
Called up share capital 1,005 1,005
Retained earnings 162,317 104,324
163,322 105,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Glendower Ltd (Registered number: 01877518)

Balance Sheet - continued
31 March 2023


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 2 November 2023 and were signed on its behalf by:





A Ford - Director


Glendower Ltd (Registered number: 01877518)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Glendower 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.

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.

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 etc - 20% on reducing balance and 10% on reducing balance

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

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.

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 10 (2022 - 10 ) .

Glendower Ltd (Registered number: 01877518)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 31,212
DEPRECIATION
At 1 April 2022 21,656
Charge for year 1,792
At 31 March 2023 23,448
NET BOOK VALUE
At 31 March 2023 7,764
At 31 March 2022 9,556

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 30,643 42,413
Other debtors 22,733 35,429
53,376 77,842

6. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Unlisted investments 330 330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 75,552 189,318
Taxation and social security 16,108 1,867
Other creditors 69,009 70,971
160,669 262,156

Glendower Ltd (Registered number: 01877518)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A Ford and Mrs E A Ford
Balance outstanding at start of year (74,975 ) (72,973 )
Amounts advanced 8,062 1,906
Amounts repaid (6,100 ) (3,908 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (73,013 ) (74,975 )