2023-03-31 2024-03-30 false Capium Accounts Production 1.1 09337487 bus:AbridgedAccounts 2023-03-31 2024-03-30 09337487 bus:FRS102 2023-03-31 2024-03-30 09337487 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-30 09337487 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-30 09337487 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 09337487 2023-03-31 2024-03-30 09337487 2024-03-30 09337487 bus:RegisteredOffice 2023-03-31 2024-03-30 09337487 core:WithinOneYear 2024-03-30 09337487 core:AfterOneYear 2024-03-30 09337487 bus:Director1 2023-03-31 2024-03-30 09337487 bus:Director1 2024-03-30 09337487 bus:Director1 2022-03-31 2023-03-30 09337487 2022-03-31 09337487 bus:LeadAgentIfApplicable 2023-03-31 2024-03-30 09337487 2022-03-31 2023-03-30 09337487 2023-03-30 09337487 core:WithinOneYear 2023-03-30 09337487 core:AfterOneYear 2023-03-30 09337487 bus:EntityAccountantsOrAuditors 2022-03-31 2023-03-30 09337487 core:LandBuildings 2023-03-31 2024-03-30 09337487 core:LandBuildings 2024-03-30 09337487 core:LandBuildings 2023-03-30 09337487 core:PlantMachinery 2023-03-31 2024-03-30 09337487 core:PlantMachinery 2024-03-30 09337487 core:PlantMachinery 2023-03-30 09337487 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-30 09337487 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-30 09337487 core:CostValuation core:Non-currentFinancialInstruments 2024-03-30 09337487 core:CostValuation core:Non-currentFinancialInstruments 2023-03-30 09337487 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-30 09337487 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-30 09337487 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-30 09337487 core:Non-currentFinancialInstruments 2024-03-30 09337487 core:Non-currentFinancialInstruments 2023-03-30 09337487 core:ShareCapital 2024-03-30 09337487 core:ShareCapital 2023-03-30 09337487 core:RetainedEarningsAccumulatedLosses 2024-03-30 09337487 core:RetainedEarningsAccumulatedLosses 2023-03-30 09337487 dpl:Item1 2023-03-31 09337487 dpl:Item1 2024-03-30 09337487 dpl:Item1 2022-03-31 09337487 dpl:Item1 2023-03-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09337487
England and Wales

 

 

 

GLE MARYLEBONE LANE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 31 March 2023

End date: 30 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 38,834    65,677 
38,834    65,677 
Current assets      
Stocks 8,309    4,610 
Debtors 56,938    188,478 
Cash at bank and in hand 35,098    21,903 
100,345    214,991 
Creditors: amount falling due within one year (427,398)   (453,058)
Net current assets (327,053)   (238,067)
 
Total assets less current liabilities (288,219)   (172,390)
Creditors: amount falling due after more than one year (33,684)   (39,735)
Net assets (321,903)   (212,125)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (321,904)   (212,126)
Shareholders' funds (321,903)   (212,125)
 


For the year ended 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 November 2024 and were signed on its behalf by:


-------------------------------
Ms Yas Larizadeh
Director
1
General Information
GLE Marylebone Lane Limited is a private company, limited by shares, registered in England and Wales, registration number 09337487, registration address Flat 1, Old Ferry House, 5 Chelsea Embankment, London, SW3 4LF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
At the time of approving the financial statements, the company made a loss of £109,778 (2023: £47,186). At the year-end, the company has net liabilities of £321,903 (2023: £212,125).

The effects of Covid-19 pandemic  followed by contractionary monetary policies aimed at
 reigning in spiralling inflation have adversely impacted the hospitality sector resulting in a reduction of customer numbers which may have a significant impact on the company's operating results. The director considers this is a key uncertainty over which they have no control.

The director reviewed and assessed cash flow forecasts including sensitivity to trading and expenditure plans, and for the potential impact of uncertainties. It is difficult to estimate how long the impact will continue and when trading level will resume to normal level. Given the associated uncertainty within the forecast, the director is aware of certain material uncertainties which may cast a doubt on the companys ability to continue as a going concern.


In order to address its financing requirements, the director has put measures in place to manage the cash flows and thus the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.


The financial statements have been prepared on a going concern basis which assumes that the company will continue to meet its liabilities as they fall due.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.


Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.


Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:


Leasehold land and buildings                         10% Straight Line
Plant & Machinery and Office Equipment       25% Straight Line
Fixtures and fittings                                         20% Straight Line


The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.


Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


Classification of financial liabilities
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.


Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.

Average number of employees


Average number of employees during the year was 5 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 31 March 2023 244,022    76,833    320,855 
Additions   120    120 
Disposals   (350)   (350)
At 30 March 2024 244,022    76,603    320,625 
Depreciation
At 31 March 2023 183,166    72,012    255,178 
Charge for year 24,542    2,071    26,613 
On disposals    
At 30 March 2024 207,708    74,083    281,791 
Net book values
Closing balance as at 30 March 2024 36,314    2,520    38,834 
Opening balance as at 31 March 2023 60,856    4,821    65,677 


4.

Restated 2023 comparatives

Bank loan for 2023 comparatives have been restated for less than and more than 1 year.
2