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REGISTERED NUMBER: 04702292 (England and Wales)















GLEBE ACRES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GLEBE ACRES LIMITED (REGISTERED NUMBER: 04702292)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLEBE ACRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs L Mottershaw
M W Mottershaw





SECRETARY: Mrs L Mottershaw





REGISTERED OFFICE: 16 Jubilee Parkway
Jubilee Business Park
Derby
DE21 4BJ





BUSINESS ADDRESS: The Glebe
5 Little Morton Road
North Wingfield
Chesterfield
Derbyshire
S42 5HL





REGISTERED NUMBER: 04702292 (England and Wales)

GLEBE ACRES LIMITED (REGISTERED NUMBER: 04702292)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,063 1,063
Tangible assets 5 57,752 66,216
58,815 67,279

CURRENT ASSETS
Stocks - 2,600
Debtors 6 - 294
Cash at bank 788 679
788 3,573
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

87,023

87,408
NET CURRENT LIABILITIES (86,235 ) (83,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,420

)

(16,556

)

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (27,422 ) (16,558 )
SHAREHOLDERS' FUNDS (27,420 ) (16,556 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GLEBE ACRES LIMITED (REGISTERED NUMBER: 04702292)

BALANCE SHEET - continued
31 MARCH 2024


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 4 September 2024 and were signed on its behalf by:





M W Mottershaw - Director


GLEBE ACRES LIMITED (REGISTERED NUMBER: 04702292)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Glebe Acres 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

Compliance with accounting standards
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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Buildings - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GLEBE ACRES LIMITED (REGISTERED NUMBER: 04702292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 1,063
NET BOOK VALUE
At 31 March 2024 1,063
At 31 March 2023 1,063

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 21,065 57,550 1,053 30,000 109,668
Disposals - (755 ) - - (755 )
At 31 March 2024 21,065 56,795 1,053 30,000 108,913
DEPRECIATION
At 1 April 2023 - 19,773 798 22,881 43,452
Charge for year - 6,537 39 1,780 8,356
Eliminated on disposal - (647 ) - - (647 )
At 31 March 2024 - 25,663 837 24,661 51,161
NET BOOK VALUE
At 31 March 2024 21,065 31,132 216 5,339 57,752
At 31 March 2023 21,065 37,777 255 7,119 66,216

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 294

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 223 176
Other creditors 86,800 87,232
87,023 87,408

GLEBE ACRES LIMITED (REGISTERED NUMBER: 04702292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. CONTROL

The company is controlled by M W Mottershaw and Mrs L Mottershaw.