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REGISTERED NUMBER: 09667988 (England and Wales)















GLYNN'S PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






GLYNN'S PROPERTIES LIMITED (REGISTERED NUMBER: 09667988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLYNN'S PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R Glynn
T M Glynn





REGISTERED OFFICE: Unit 7 Atlas Office Park
Balby Carr Bank
Doncaster
DN4 5JT





REGISTERED NUMBER: 09667988 (England and Wales)






GLYNN'S PROPERTIES LIMITED (REGISTERED NUMBER: 09667988)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,022 40,028
Investments 5 100 100
Investment property 6 4,060,390 4,060,390
4,092,512 4,100,518

CURRENT ASSETS
Debtors 7 8,027 200,376
Cash at bank and in hand 149,301 40,979
157,328 241,355
CREDITORS
Amounts falling due within one year 8 3,414,194 3,470,666
NET CURRENT LIABILITIES (3,256,866 ) (3,229,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,646

871,207

CREDITORS
Amounts falling due after more than one
year

9

(671,893

)

(755,273

)

PROVISIONS FOR LIABILITIES (27,406 ) (27,406 )
NET ASSETS 136,347 88,528

CAPITAL AND RESERVES
Called up share capital 103 103
Share premium 297 297
Revaluation reserve 11 82,218 82,218
Retained earnings 53,729 5,910
136,347 88,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

GLYNN'S PROPERTIES LIMITED (REGISTERED NUMBER: 09667988)

BALANCE SHEET - continued
30 JUNE 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 24 September 2024 and were signed on its behalf by:





R Glynn - Director


GLYNN'S PROPERTIES LIMITED (REGISTERED NUMBER: 09667988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Glynn'S 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

GLYNN'S PROPERTIES LIMITED (REGISTERED NUMBER: 09667988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 88,954
DEPRECIATION
At 1 July 2023 48,926
Charge for year 8,006
At 30 June 2024 56,932
NET BOOK VALUE
At 30 June 2024 32,022
At 30 June 2023 40,028

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 4,060,390
NET BOOK VALUE
At 30 June 2024 4,060,390
At 30 June 2023 4,060,390

GLYNN'S PROPERTIES LIMITED (REGISTERED NUMBER: 09667988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 109,624
Cost 3,950,766
4,060,390

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,970 -
Other debtors 5,057 200,376
8,027 200,376

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,979 36,880
Taxation and social security 20,766 1,741
Other creditors 3,372,449 3,432,045
3,414,194 3,470,666

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 671,893 755,273

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 566,431 489,164

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 692,872 792,153

Bank loans and mortgages are secured over the properties held in the business.

GLYNN'S PROPERTIES LIMITED (REGISTERED NUMBER: 09667988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 82,218