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REGISTERED NUMBER: OC426270 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

GLENLYN GROUP LLP

GLENLYN GROUP LLP (REGISTERED NUMBER: OC426270)






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




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GLENLYN GROUP LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr P Winter
Mrs O Winter
Mr E Winter
Mr D Winter





REGISTERED OFFICE: 159 High Street
Barnet
Hertfordshire
EN5 5SU





REGISTERED NUMBER: OC426270 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

GLENLYN GROUP LLP (REGISTERED NUMBER: OC426270)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,493 7,792
Tangible assets 5 3,267,864 3,319,298
3,274,357 3,327,090

CURRENT ASSETS
Debtors 1,747,770 1,483,436
Cash at bank 6,001 224,005
1,753,771 1,707,441
CREDITORS
Amounts falling due within one year (120,167 ) (118,197 )
NET CURRENT ASSETS 1,633,604 1,589,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,907,961

4,916,334

CREDITORS
Amounts falling due after more than one
year

6

(1,686,552

)

(1,696,552

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,221,409

3,219,782

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,627

-

MEMBERS' OTHER INTERESTS
Capital accounts 3,219,782 3,219,782
3,221,409 3,219,782

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 1,627 -
Members' other interests 3,219,782 3,219,782
Amounts due from members (1,732,082 ) (1,480,936 )
1,489,327 1,738,846

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

GLENLYN GROUP LLP (REGISTERED NUMBER: OC426270)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 November 2024 and were signed by:





Mr P Winter - Designated member

GLENLYN GROUP LLP (REGISTERED NUMBER: OC426270)

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

1. STATUTORY INFORMATION

Glenlyn Group LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill has been recognised on the acquisition of the trade and is being amortised over 10 years, an estimation of its useful economic life, on a straight line basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 13,000
AMORTISATION
At 1 April 2023 5,208
Amortisation for year 1,299
At 31 March 2024 6,507
NET BOOK VALUE

At 31 March 2024 6,493
At 31 March 2023 7,792

GLENLYN GROUP LLP (REGISTERED NUMBER: OC426270)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 3,694,724
Additions 50,047
At 31 March 2024 3,744,771
DEPRECIATION
At 1 April 2023 375,426
Charge for year 101,481
At 31 March 2024 476,907
NET BOOK VALUE
At 31 March 2024 3,267,864
At 31 March 2023 3,319,298

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,669,885 1,669,885