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Company Registration No. 13384306 (England and Wales)
GLITTERGLAM PROPERTIES LTD Unaudited accounts for the year ended 31 March 2024
GLITTERGLAM PROPERTIES LTD Unaudited accounts Contents
Page
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GLITTERGLAM PROPERTIES LTD Company Information for the year ended 31 March 2024
Directors
Mr Paolino Mario Nola Mrs Anna Nola
Company Number
13384306 (England and Wales)
Registered Office
34 Cannonbury Ave Pinner Middx HA5 1TS UK
Accountants
Fielding Accountancy Services Ltd 48 Beechcroft Road Bushey Herts WD23 2JU
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GLITTERGLAM PROPERTIES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
308 
384 
Investment property
451,754 
451,754 
452,062 
452,138 
Current assets
Cash at bank and in hand
2,317 
1,403 
Creditors: amounts falling due within one year
(121,208)
(132,236)
Net current liabilities
(118,891)
(130,833)
Total assets less current liabilities
333,171 
321,305 
Creditors: amounts falling due after more than one year
(322,856)
(322,856)
Net assets/(liabilities)
10,315 
(1,551)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,215 
(1,651)
Shareholders' funds
10,315 
(1,551)
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 24 August 2024 and were signed on its behalf by
Mr Paolino Mario Nola Director Company Registration No. 13384306
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GLITTERGLAM PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GLITTERGLAM PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13384306. The registered office is 34 Cannonbury Ave, Pinner, Middx, HA5 1TS, UK.
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 comprises Rental Income from Investment Properties
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:
Investment property
Investment properties are shown at cost or most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities(effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the directors opinion, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. Investment properties were valued on an open market basis on 31st March 2022 by the directors, being at cost value. The company accounts for property acquisitions on exchange of contract.
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GLITTERGLAM PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
300 
300 
600 
At 31 March 2024
300 
300 
600 
Depreciation
At 1 April 2023
108 
108 
216 
Charge for the year
38 
38 
76 
At 31 March 2024
146 
146 
292 
Net book value
At 31 March 2024
154 
154 
308 
At 31 March 2023
192 
192 
384 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
451,754 
At 31 March 2024
451,754 
Three company investment properties were acquired during 2022 and are shown at their original cost. The Director considers that this remains the current market value and as such no revaluation is considered necessary at this time.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,380 
- 
Other creditors
840 
968 
Loans from directors
117,988 
131,268 
121,208 
132,236 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
322,856 
322,856 
Long Term Creditors comprise property Mortgage Loans on an Interest Only Basis hence all such loans are shown as Long Term Liabilities over 5 years.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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GLITTERGLAM PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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