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Company No: 11022693 (England and Wales)

GLANSO HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

GLANSO HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

GLANSO HOLDINGS LIMITED

BALANCE SHEET

As at 31 March 2024
GLANSO HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 120 10,170
120 10,170
Current assets
Debtors 4 155,269 109,764
Cash at bank and in hand 535 535
155,804 110,299
Creditors: amounts falling due within one year 5 ( 50,335) ( 2,938)
Net current assets 105,469 107,361
Total assets less current liabilities 105,589 117,531
Net assets 105,589 117,531
Capital and reserves
Called-up share capital 100 100
Profit and loss account 105,489 117,431
Total shareholders' funds 105,589 117,531

For the financial 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.

Directors' responsibilities:

The financial statements of Glanso Holdings Limited (registered number: 11022693) were approved and authorised for issue by the Board of Directors on 08 November 2024. They were signed on its behalf by:

Dr M KMolyneux
Director
Dr N J Rasburn
Director
GLANSO HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
GLANSO HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Glanso Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Atherton House, Hollybush Lane, Bristol, BS9 1JB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 10,170
Disposals ( 10,050)
At 31 March 2024 120
Carrying value at 31 March 2024 120
Carrying value at 31 March 2023 10,170

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.03.2024
Ownership
31.03.2023
Held
Global Anaesthetic Solutions Limited PO Box 416, Atherton House, Hollybush Lane, Bristol, BS9 1JB Dormant Ordinary 0.00% 100.00% Direct
Glanso UK Limited PO Box 416, Atherton House, Hollybush Lane, Bristol, BS9 1JB Medical practice activities A Ordinary 75.00% 75.00% Direct

4. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 0 109,764
Other debtors 155,269 0
155,269 109,764

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 47,295 0
Other creditors 3,040 2,938
50,335 2,938

6. Related party transactions

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2023, the balance owed by Dr N Rasburn was £nil. During the year, £155,269 was advanced to the director. At 31 March 2024, the balance owed by the director was £155,269.