Registered number
04433980
Glynwood House (Residential) Limited
Unaudited Filleted Accounts
31 December 2023
Glynwood House (Residential) Limited
Registered number: 04433980
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34,250 34,250
Current assets
Debtors 4 100 70
Creditors: amounts falling due within one year 5 (32,623) (32,676)
Net current liabilities (32,523) (32,606)
Net assets 1,727 1,644
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,726 1,643
Shareholder's funds 1,727 1,644
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M. A. Cranham
Director
Approved by the board on 28 July 2024
Glynwood House (Residential) Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the ground rents charged by the company, which is not registered for VAT purposes.
Tangible fixed assets
The directors consider that the difference between the carry value and the residual value of the investment property as at the 31st December 2023 is immaterial. Therefore no revaluation adjustment has been included the financial period.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 34,250
At 31 December 2023 34,250
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 34,250
At 31 December 2022 34,250
4 Debtors 2023 2022
£ £
Other debtors 100 70
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings 32,606 32,676
Taxation and social security costs 17 -
32,623 32,676
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 16,170 16,380
7 Other information
Glynwood House (Residential) Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Perdersen & Company
Temple House, 17 Dukes Ride
Crowthorne
Berkshire
RG45 6LZ
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