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Company Registration No. 13806084 (England and Wales)
Glenwood Place Ltd Unaudited accounts for the year ended 31 December 2023
Glenwood Place Ltd Unaudited accounts Contents
Page
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Glenwood Place Ltd Company Information for the year ended 31 December 2023
Director
Jiaying Fang
Company Number
13806084 (England and Wales)
Registered Office
International House 307 Cotton Exchange, Old Hall Street Liverpool L3 9LQ United Kingdom
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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Glenwood Place Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
263 
350 
Current assets
Inventories
60,719 
50,698 
Debtors
680 
7,055 
Cash at bank and in hand
6,628 
15,080 
68,027 
72,833 
Creditors: amounts falling due within one year
(86,577)
(81,046)
Net current liabilities
(18,550)
(8,213)
Net liabilities
(18,286)
(7,862)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(18,287)
(7,863)
Shareholders' funds
(18,286)
(7,862)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
Jiaying Fang Director Company Registration No. 13806084
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Glenwood Place Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Glenwood Place Ltd is a private company, limited by shares, registered in England and Wales, registration number 13806084. The registered office is International House, 307 Cotton Exchange, Old Hall Street, Liverpool, L3 9LQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
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Glenwood Place Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
437 
At 31 December 2023
437 
Depreciation
At 1 January 2023
87 
Charge for the year
87 
At 31 December 2023
174 
Net book value
At 31 December 2023
263 
At 31 December 2022
350 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
398 
- 
Accrued income and prepayments
282 
375 
680 
375 
Amounts falling due after more than one year
Trade debtors
- 
6,680 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
71,555 
62,354 
Taxes and social security
- 
4,295 
Other creditors
1,197 
1,197 
Loans from directors
13,625 
13,000 
Accruals
200 
200 
86,577 
81,046 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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