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Registered number: 12507732









GLENTHORNE LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
GLENTHORNE LIMITED
REGISTERED NUMBER: 12507732

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
1,527,456
1,509,599

Debtors: amounts falling due within one year
 5 
2,645
900

Cash at bank and in hand
 6 
25,891
33,507

  
1,555,992
1,544,006

Creditors: amounts falling due within one year
 7 
(1,613,348)
(1,588,950)

Net current liabilities
  
 
 
(57,356)
 
 
(44,944)

Total assets less current liabilities
  
(57,356)
(44,944)

  

Net liabilities
  
(57,356)
(44,944)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(57,357)
(44,945)

  
(57,356)
(44,944)


Page 1

 
GLENTHORNE LIMITED
REGISTERED NUMBER: 12507732
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf  30 January 2025.




B Aaron
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GLENTHORNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Glenthorne Limited is a private company limited by shares and incorporated in England and Wales (reg no: 12507732). The registered office is 25a Berkeley Square, London, England, W1J 6HN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase of the property as per completion statement. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
GLENTHORNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Stocks

2024
2023
£
£

Finished goods and goods for resale
1,527,456
1,509,599

1,527,456
1,509,599



5.


Debtors

2024
2023
£
£


Other debtors
2,645
900

2,645
900



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
25,891
33,507

25,891
33,507



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
(8,000)
-

Amounts owed to group undertakings
1,613,188
1,580,790

Other creditors
4,160
4,160

Accruals and deferred income
4,000
4,000

1,613,348
1,588,950


Page 4

 
GLENTHORNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Controlling party

The company is controlled by David Aaron Limited, a company registered in England and Wales whose registered office is 25a Berkeley Square, London, W1J 6HN.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 30 January 2025 by Nicholas Newman (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 5