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REGISTERED NUMBER: 06219530 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Glenbarrow Limited

Glenbarrow Limited (Registered number: 06219530)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glenbarrow Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S M Dunne





SECRETARY: Mrs L B Dunne





REGISTERED OFFICE: Higher Bury Street
Stockport
Cheshire
SK4 1BJ





REGISTERED NUMBER: 06219530 (England and Wales)





ACCOUNTANTS: Clayton and Clayton Accountants LLP
Chartered Certified Accountants
64 Market Street
New Mills
HIGH PEAK
SK22 4AA

Glenbarrow Limited (Registered number: 06219530)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 288,899 300,165
Investment property 5 115,391 115,391
404,290 415,556

CURRENT ASSETS
Stocks 6 5,000 10,000
Debtors 7 48,870 125,573
Cash at bank and in hand 106,335 72,070
160,205 207,643
CREDITORS
Amounts falling due within one year 8 72,949 87,911
NET CURRENT ASSETS 87,256 119,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,546

535,288

CREDITORS
Amounts falling due after more than
one year

9

(43,700

)

(68,100

)

PROVISIONS FOR LIABILITIES (50,683 ) (57,031 )
NET ASSETS 397,163 410,157

Glenbarrow Limited (Registered number: 06219530)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 397,063 410,057
SHAREHOLDERS' FUNDS 397,163 410,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 19 September 2024 and were signed by:





S M Dunne - Director


Glenbarrow Limited (Registered number: 06219530)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Glenbarrow Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Glenbarrow Limited (Registered number: 06219530)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

Glenbarrow Limited (Registered number: 06219530)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 718,163 7,870 726,033
Additions 93,050 - 93,050
Disposals (19,000 ) - (19,000 )
At 30 April 2024 792,213 7,870 800,083
DEPRECIATION
At 1 May 2023 418,800 7,068 425,868
Charge for year 96,099 201 96,300
Eliminated on disposal (10,984 ) - (10,984 )
At 30 April 2024 503,915 7,269 511,184
NET BOOK VALUE
At 30 April 2024 288,298 601 288,899
At 30 April 2023 299,363 802 300,165

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 96,000
DEPRECIATION
At 1 May 2023 24,000
Charge for year 18,000
At 30 April 2024 42,000
NET BOOK VALUE
At 30 April 2024 54,000
At 30 April 2023 72,000

Glenbarrow Limited (Registered number: 06219530)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 115,391
NET BOOK VALUE
At 30 April 2024 115,391
At 30 April 2023 115,391

6. STOCKS
30.4.24 30.4.23
£    £   
Work-in-progress 5,000 10,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 8,154 77,884
CIS debtor 8,253 24,524
Tax 14,789 14,789
VAT 1,629 -
Prepayments and accrued income 16,045 8,376
48,870 125,573

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 14,400 14,400
Trade creditors 48,022 54,254
VAT - 8,533
Pension creditor 166 235
Directors' current accounts 361 489
72,949 87,911

Glenbarrow Limited (Registered number: 06219530)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
Hire purchase contracts 31,200 45,600
43,700 68,100

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

The controlling party is S M Dunne.

The ultimate controlling party is S M Dunne.