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REGISTERED NUMBER: 02658108 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Gladnor Estates Limited

Gladnor Estates Limited (Registered number: 02658108)






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


Gladnor Estates Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N Hensher
Mrs J Hensher





REGISTERED OFFICE: Unit 11 Hornet Close
Pysons Road Industrial Estate
Broadstairs
Kent
CT10 2YD





REGISTERED NUMBER: 02658108 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Gladnor Estates Limited (Registered number: 02658108)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220 259
Investment property 5 800,000 800,000
800,220 800,259

CURRENT ASSETS
Debtors 6 150 4,201
Cash at bank 25,957 13,386
26,107 17,587
CREDITORS
Amounts falling due within one year 7 120,876 2,085
NET CURRENT (LIABILITIES)/ASSETS (94,769 ) 15,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,451

815,761

CREDITORS
Amounts falling due after more than one
year

8

(45,990

)

(121,834

)

PROVISIONS FOR LIABILITIES (27,262 ) (27,262 )
NET ASSETS 632,199 666,665

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 341,125 341,125
Retained earnings 291,072 325,538
SHAREHOLDERS' FUNDS 632,199 666,665

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 directors acknowledge their 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.

Gladnor Estates Limited (Registered number: 02658108)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:





N Hensher - Director


Gladnor Estates Limited (Registered number: 02658108)

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

1. STATUTORY INFORMATION

Gladnor 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.

Going Concern

The company's day to day working capital is met through a loan account with the directors. The directors have given their undertaking not to draw down on the loan to the detriment of the company and the directors therefore considers it appropriate to prepare the financial statements on a going concern basis.

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.
Plant and machinery etc - 15% 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.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of this, which might have otherwise been charged, cannot be separately identified or quantified.

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.

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.

Gladnor Estates Limited (Registered number: 02658108)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 3,484
DEPRECIATION
At 1 May 2023 3,225
Charge for year 39
At 30 April 2024 3,264
NET BOOK VALUE
At 30 April 2024 220
At 30 April 2023 259

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 800,000
NET BOOK VALUE
At 30 April 2024 800,000
At 30 April 2023 800,000

The valuation of the investment properties was made on 30 April 2022 by the directors on an open market basis. The historical cost of the properties is £800,000 (2021: £656,515).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 150 4,201

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,530 -
Taxation and social security 1,755 (610 )
Other creditors 117,591 2,695
120,876 2,085

Gladnor Estates Limited (Registered number: 02658108)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 45,990 121,834

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 341,125

10. RELATED PARTY DISCLOSURES

Two of the directors of Gladnor Estates Limited are also directors and shareholders of Priory Self Store Limited and Priory Property Investment Company Ltd. At the year end the Company owed £40,150 (2023 £10,150) to Priory Self Store Limited & £5,840 ( 2023 - £Nil) to Priory Property Investment Company Ltd.