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REGISTERED NUMBER: 04555000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

G L N H (INVESTMENTS) LIMITED

G L N H (INVESTMENTS) LIMITED (REGISTERED NUMBER: 04555000)






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


G L N H (INVESTMENTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr N Hassan
Mr H G Hassan





SECRETARY: Mr H G Hassan





REGISTERED OFFICE: 4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 04555000 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

G L N H (INVESTMENTS) LIMITED (REGISTERED NUMBER: 04555000)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investment Properties 5 3,000,000 2,810,677
3,000,000 2,810,677

CURRENT ASSETS
Debtors 6 54,260 54,260
Cash at bank 2,398 4,524
56,658 58,784
CREDITORS
Amounts falling due within one year 7 117,185 117,157
NET CURRENT LIABILITIES (60,527 ) (58,373 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,939,473

2,752,304

CREDITORS
Amounts falling due after more than one
year

8

1,710,354

1,786,804
NET ASSETS 1,229,119 965,500

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 159,943 -
Retained earnings 11 1,069,076 965,400
SHAREHOLDERS' FUNDS 1,229,119 965,500

G L N H (INVESTMENTS) LIMITED (REGISTERED NUMBER: 04555000)

BALANCE SHEET - continued
31 MARCH 2023


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.

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 24 October 2023 and were signed on its behalf by:





Mr N Hassan - Director


G L N H (INVESTMENTS) LIMITED (REGISTERED NUMBER: 04555000)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

G L N H (Investments) 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.

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 represents rent receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being written off
evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investment properties
Investment properties are 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 70,000
AMORTISATION
At 1 April 2022
and 31 March 2023 70,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

G L N H (INVESTMENTS) LIMITED (REGISTERED NUMBER: 04555000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 April 2022 2,810,677
Additions 29,380
Revaluations 159,943
At 31 March 2023 3,000,000
NET BOOK VALUE
At 31 March 2023 3,000,000
At 31 March 2022 2,810,677

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 159,943
Cost 2,840,057
3,000,000

Investment properties were valued on an open market basis on 31 March 2023 by the Directors' .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deposit - Property 54,260 54,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank Loans and Overdrafts (see note 9) 80,052 80,052
Trade Creditors 2,750 2,750
Corporation Tax 24,230 28,789
Director's Loan Account 8,473 4,006
Other Creditors & Accruals 1,680 1,560
117,185 117,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other Loans (see note 9) 1,040,874 1,137,704
Amount due to Associate Company 669,480 649,100
1,710,354 1,786,804

G L N H (INVESTMENTS) LIMITED (REGISTERED NUMBER: 04555000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank Loans 80,052 80,052

Amounts falling due between one and two years:
Bank Loans 357,874 424,704
Directors' Loan Account 683,000 713,000
1,040,874 1,137,704

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 965,400 - 965,400
Profit for the year 103,676 103,676
Revaluation - 159,943 159,943
At 31 March 2023 1,069,076 159,943 1,229,019