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REGISTERED NUMBER: 13941024 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Glacky Limited

Glacky Limited (Registered number: 13941024)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glacky Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: X Gu





REGISTERED OFFICE: 4th Floor 30 Charing Cross Road
London
United Kingdom
WC2H 0DE





REGISTERED NUMBER: 13941024 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
30 Charing Cross Road
London
London
WC2H 0DE

Glacky Limited (Registered number: 13941024)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,088 963
Investment property 5 292,849 292,849
295,937 293,812

CURRENT ASSETS
Debtors 6 984 168
Cash at bank 5,804 26,139
6,788 26,307
CREDITORS
Amounts falling due within one year 7 306,032 324,010
NET CURRENT LIABILITIES (299,244 ) (297,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,307

)

(3,891

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (3,308 ) (3,892 )
SHAREHOLDERS' FUNDS (3,307 ) (3,891 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Glacky Limited (Registered number: 13941024)

Balance Sheet - continued
29 February 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 director and authorised for issue on 19 September 2024 and were signed by:





X Gu - Director


Glacky Limited (Registered number: 13941024)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Glacky 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Glacky Limited (Registered number: 13941024)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 979
Additions 2,702
At 29 February 2024 3,681
DEPRECIATION
At 1 March 2023 16
Charge for year 577
At 29 February 2024 593
NET BOOK VALUE
At 29 February 2024 3,088
At 28 February 2023 963

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 292,849
NET BOOK VALUE
At 29 February 2024 292,849
At 28 February 2023 292,849

The company purchased one investment properties as follows:-

Investment property: Flat 1, Snow Rose House, Oakdale Walk, Headington, Oxford, OX3 9FX purchased on 30/11/2022 for £292,849.08 (legal cost £1080).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Prepayments and accrued income 984 168

Glacky Limited (Registered number: 13941024)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 215,191 215,250
Other creditors 3,519 1,673
Directors' current accounts 86,574 106,713
Accrued expenses 748 374
306,032 324,010

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 March 2023 (3,892 )
Profit for the year 584
At 29 February 2024 (3,308 )