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REGISTERED NUMBER: 14534949 (England and Wales)















Financial Statements

for the Period 12 December 2022 to 31 December 2023

for

Glenwood Properties Limited

Glenwood Properties Limited (Registered number: 14534949)






Contents of the Financial Statements
for the Period 12 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glenwood Properties Limited

Company Information
for the Period 12 December 2022 to 31 December 2023







DIRECTORS: Mrs S Hanson
M Hanson





REGISTERED OFFICE: Richmond House, Lawnswood Business Park
Redvers Close
Leeds
United Kingdom
LS16 6QY





REGISTERED NUMBER: 14534949 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Glenwood Properties Limited (Registered number: 14534949)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Investment property 4 794,263

CURRENT ASSETS
Debtors 5 1,306
Cash at bank and in hand 4,320
5,626
CREDITORS
Amounts falling due within one year 6 318,631
NET CURRENT LIABILITIES (313,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,258

CREDITORS
Amounts falling due after more than one year 7 502,613
NET LIABILITIES (21,355 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (21,455 )
(21,355 )

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

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

Glenwood Properties Limited (Registered number: 14534949)

Balance Sheet - continued
31 December 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 Income and Retained Earnings has not been delivered.

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




M Hanson - Director



Mrs S Hanson - Director


Glenwood Properties Limited (Registered number: 14534949)

Notes to the Financial Statements
for the Period 12 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Glenwood Properties 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.

The company is considered a going concern due to the support of the directors.

Turnover
Turnover comprises of rent and other recharges received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Glenwood Properties Limited (Registered number: 14534949)

Notes to the Financial Statements - continued
for the Period 12 December 2022 to 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 794,263
At 31 December 2023 794,263
NET BOOK VALUE
At 31 December 2023 794,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 21,721
Other creditors 296,910
318,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 502,613

8. SECURED DEBTS

Lloyds Bank PLC holds a fixed and floating charge over the property and undertakings of the company, This contains a negative pledge.