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REGISTERED NUMBER: 05140643 (England and Wales)










Unaudited Financial Statements

for the Period 1 June 2023 to 31 October 2024

for

Glanaber Estates Limited

Glanaber Estates Limited (Registered number: 05140643)






Contents of the Financial Statements
for the Period 1 June 2023 to 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glanaber Estates Limited

Company Information
for the Period 1 June 2023 to 31 October 2024







DIRECTOR: R M Timmis





SECRETARY: Mrs J C Timmis





REGISTERED OFFICE: Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU





REGISTERED NUMBER: 05140643 (England and Wales)





ACCOUNTANTS: LB Group Advisory Limited
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Glanaber Estates Limited (Registered number: 05140643)

Balance Sheet
31 October 2024

31.5.23 31.10.24
£    £    Notes £    £   
FIXED ASSETS
2,000,000 Investment property 4 -

CURRENT ASSETS
21,090 Debtors 5 5,331
13,279 Cash at bank 17
34,369 5,348
CREDITORS
96,598 Amounts falling due within one year 6 6,793
(62,229 ) NET CURRENT LIABILITIES (1,445 )
1,937,771 TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,445

)

CREDITORS
1,001,257 Amounts falling due after more than one
year

7

-
936,514 NET (LIABILITIES)/ASSETS (1,445 )

CAPITAL AND RESERVES
1,000 Called up share capital 1,003
935,514 Retained earnings (2,448 )
936,514 SHAREHOLDERS' FUNDS (1,445 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

Glanaber Estates Limited (Registered number: 05140643)

Balance Sheet - continued
31 October 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 director and authorised for issue on 20 November 2024 and were signed by:





R M Timmis - Director


Glanaber Estates Limited (Registered number: 05140643)

Notes to the Financial Statements
for the Period 1 June 2023 to 31 October 2024

1. STATUTORY INFORMATION

Glanaber Estates 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 represents net invoiced rent and service charges, excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 2,000,000
Disposals (2,000,000 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 May 2023 2,000,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.5.23
£    £   
Trade debtors - 13,416
Other debtors 5,331 7,674
5,331 21,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.5.23
£    £   
Bank loans and overdrafts - 38,400
Trade creditors - 12,252
Taxation and social security 6,793 17,350
Other creditors - 28,596
6,793 96,598

Glanaber Estates Limited (Registered number: 05140643)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.5.23
£    £   
Bank loans - 734,452
Other creditors - 266,805
- 1,001,257

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - 541,226

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.5.23
£    £   
Bank loans - 772,852

The bank loan from Santander is secured by fixed and floating charges over the freehold property.