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REGISTERED NUMBER: 13640282 (England and Wales)















GLV Holdings Ltd

Unaudited Financial Statements for the Year Ended 31 January 2024






GLV Holdings Ltd (Registered number: 13640282)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLV Holdings Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs L J H Hurley
T S Reynolds





REGISTERED OFFICE: Sequel House
The Hart
Farnham
GU9 7HW





REGISTERED NUMBER: 13640282 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

GLV Holdings Ltd (Registered number: 13640282)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,611 3,975
Investment property 5 153,416 153,416
156,027 157,391

CURRENT ASSETS
Debtors 6 8,148 3,300
Cash at bank 16,382 85,245
24,530 88,545
CREDITORS
Amounts falling due within one year 7 21,546 81,546
NET CURRENT ASSETS 2,984 6,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,011

164,390

CREDITORS
Amounts falling due after more than one year 8 166,700 166,700
NET LIABILITIES (7,689 ) (2,310 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,691 ) (2,312 )
(7,689 ) (2,310 )

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

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

GLV Holdings Ltd (Registered number: 13640282)

Balance Sheet - continued
31 January 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 11 June 2024 and were signed on its behalf by:




Mrs L J H Hurley - Director



T S Reynolds - Director


GLV Holdings Ltd (Registered number: 13640282)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

GLV Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the balance sheet date the company had net liabilities. The directors will continue to support the company and therefore they consider the going concern basis to be appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
The investment property is accounted for at fair value. The valuation is reviewed annually by the directors and changes in the market value are transferred to non distributable reserves, unless a deficit (or its reversal) is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

No depreciation is provided on the investment property. Although the Companies Act would normally require systematic annual depreciation of fixed assets, the directors believe that a policy of not providing depreciation is necessary in order for the financial statements to show a true and fair view, since the current value of the investment property and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation.

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.

GLV Holdings Ltd (Registered number: 13640282)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 5,456
DEPRECIATION
At 1 February 2023 1,481
Charge for year 1,364
At 31 January 2024 2,845
NET BOOK VALUE
At 31 January 2024 2,611
At 31 January 2023 3,975

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 153,416
NET BOOK VALUE
At 31 January 2024 153,416
At 31 January 2023 153,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 8,148 3,300

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 21,546 81,546

GLV Holdings Ltd (Registered number: 13640282)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 166,700 166,700

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 166,700 166,700

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 166,700 166,700

The above loan is secured against the investment property held by the company.