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REGISTERED NUMBER: 11845669 (England and Wales)











Glynian Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Glynian Ltd (Registered number: 11845669)






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


Glynian Ltd

Company Information
for the Year Ended 29 February 2024







Directors: I P Braddock
G A Braddock





Registered office: Woodland View
Manchester Road
Partington
Greater Manchester
M31 4DJ





Registered number: 11845669 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Glynian Ltd (Registered number: 11845669)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
Fixed assets
Investment property 4 95,000 95,000

Current assets
Cash at bank 3,247 338

Creditors
Amounts falling due within one year 5 (56,970 ) (55,864 )
Net current liabilities (53,723 ) (55,526 )
Total assets less current liabilities 41,277 39,474

Creditors
Amounts falling due after more than one
year

6

(25,894

)

(25,894

)

Provisions for liabilities 7 (6,458 ) (6,458 )
Net assets 8,925 7,122

Capital and reserves
Called up share capital 8 2 2
Fair value reserve 9 27,529 27,529
Retained earnings (18,606 ) (20,409 )
Shareholders' funds 8,925 7,122

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 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.

Glynian Ltd (Registered number: 11845669)

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 Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





I P Braddock - Director


Glynian Ltd (Registered number: 11845669)

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

1. Statutory information

Glynian 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.

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.

The financial statements have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Glynian Ltd (Registered number: 11845669)

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

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Investment property
Total
£   
Fair value
At 1 March 2023
and 29 February 2024 95,000
Net book value
At 29 February 2024 95,000
At 28 February 2023 95,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 95,000

If investment property had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 61,013 61,013

Investment property was valued on an open market basis on 29 February 2024 by the directors .

5. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 7,231 7,231
Directors' current accounts 48,599 48,123
Accrued expenses 1,140 510
56,970 55,864

6. Creditors: amounts falling due after more than one year
29.2.24 28.2.23
£    £   
Bank loans - 2-5 years 25,894 25,894

Glynian Ltd (Registered number: 11845669)

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

7. Provisions for liabilities
29.2.24 28.2.23
£    £   
Deferred tax 6,458 6,458

Deferred
tax
£   
Balance at 1 March 2023 6,458
Balance at 29 February 2024 6,458

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

9. Reserves
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 27,529