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REGISTERED NUMBER: 10275178 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Glenn Group Ltd

Glenn Group Ltd (Registered number: 10275178)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glenn Group Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs L Mencia-Martinez
J Glennon





REGISTERED OFFICE: 10 Abbey Court
Fraser Road
Priory Business Park
Bedford
MK44 3WH





REGISTERED NUMBER: 10275178 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Glenn Group Ltd (Registered number: 10275178)

Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 68,274 68,274
Investments 6 68,705 69,368
136,979 137,642

CURRENT ASSETS
Debtors 7 144,683 143,643
Cash at bank 609,997 519,888
754,680 663,531
CREDITORS
Amounts falling due within one year 8 3,118 2,080
NET CURRENT ASSETS 751,562 661,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,541

799,093

PROVISIONS FOR LIABILITIES 3,223 2,778
NET ASSETS 885,318 796,315

CAPITAL AND RESERVES
Called up share capital 102 100
Fair value reserve 6,980 8,344
Retained earnings 878,236 787,871
885,318 796,315

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

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

Glenn Group Ltd (Registered number: 10275178)

Balance Sheet - continued
31 May 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





J Glennon - Director


Glenn Group Ltd (Registered number: 10275178)

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

1. STATUTORY INFORMATION

Glenn Group 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Investments
Fixed asset investments are stated at fair value.

4. EMPLOYEES AND DIRECTORS

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

Glenn Group Ltd (Registered number: 10275178)

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

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2022
and 31 May 2023 68,274
NET BOOK VALUE
At 31 May 2023 68,274
At 31 May 2022 68,274

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 100 69,268 69,368
Additions - 259 259
Revaluations - (922 ) (922 )
At 31 May 2023 100 68,605 68,705
NET BOOK VALUE
At 31 May 2023 100 68,605 68,705
At 31 May 2022 100 69,268 69,368

Cost or valuation at 31 May 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 15,195 15,195
Cost 100 53,410 53,510
100 68,605 68,705

If other fixed asset investments had not been revalued they would have been included at the following historical cost:

31/5/23 31/5/22
£    £   
Cost 53,410 53,410

Other fixed asset investments were valued on an open market basis on 31 March 2023 by the investment fund manager .

Glenn Group Ltd (Registered number: 10275178)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Amounts owed by group undertakings 43,683 42,643
Other debtors 101,000 101,000
144,683 143,643

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Other creditors 3,118 2,080

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £89,692 (2022 - £85,692) were paid to the directors .

At the balance sheet date the company owed £3,118 (2022: £2,080) to the directors.