Registered number
13440732
F J Glacier Properties Ltd
Filleted Accounts
30 June 2024
F J Glacier Properties Ltd
Company Information
Directors
C C Renfrew
Mrs S R Renfrew
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
13440732
F J Glacier Properties Ltd
Registered number: 13440732
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 645,000 610,000
Current assets
Cash at bank and in hand 11,474 10,696
Creditors: amounts falling due within one year 4 (2,965) (2,547)
Net current assets 8,509 8,149
Total assets less current liabilities 653,509 618,149
Creditors: amounts falling due after more than one year 5 (519,044) (523,680)
Net assets 134,465 94,469
Capital and reserves
Called up share capital 200 200
Revaluation reserve 6 123,500 88,500
Profit and loss account 10,765 5,769
Shareholders' funds 134,465 94,469
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C C Renfrew Mrs S R Renfrew
Director
Approved by the board on 31 August 2024
F J Glacier Properties Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold property Nil
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Freehold Property
£
Cost
At 1 July 2023 610,000
Surplus on revaluation 35,000
At 30 June 2024 645,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 645,000
At 30 June 2023 610,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 131 -
Taxation and social security costs 1,640 1,353
Other creditors 1,194 1,194
2,965 2,547
5 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan account 293,664 298,300
Mortgage 225,380 225,380
519,044 523,680
6 Revaluation reserve 2024 2023
£ £
At 1 July 2023 88,500 25,000
Gain on revaluation of land and buildings 35,000 63,500
At 30 June 2024 123,500 88,500
7 Controlling party
The company is controlled by the directors.
8 Other information
F J Glacier Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
F J Glacier Properties Ltd 13440732 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 C C Renfrew Mrs S R Renfrew No description of principal activity 13440732 2022-07-01 2023-06-30 13440732 core:RevaluationReserve core:LandBuildings 2022-07-01 2023-06-30 13440732 core:WithinOneYear 2023-06-30 13440732 core:AfterOneYear 2023-06-30 13440732 core:ShareCapital 2023-06-30 13440732 core:OtherReservesSubtotal 2023-06-30 13440732 core:RetainedEarningsAccumulatedLosses 2023-06-30 13440732 core:RevaluationReserve 2022-06-30 13440732 2023-07-01 2024-06-30 13440732 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13440732 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13440732 bus:Director1 2023-07-01 2024-06-30 13440732 bus:Director2 2023-07-01 2024-06-30 13440732 bus:Director40 2023-07-01 2024-06-30 13440732 1 2023-07-01 2024-06-30 13440732 2 2023-07-01 2024-06-30 13440732 core:LandBuildings 2023-07-01 2024-06-30 13440732 core:RevaluationReserve core:LandBuildings 2023-07-01 2024-06-30 13440732 countries:England 2023-07-01 2024-06-30 13440732 bus:FRS102 2023-07-01 2024-06-30 13440732 bus:FilletedAccounts 2023-07-01 2024-06-30 13440732 2024-06-30 13440732 core:WithinOneYear 2024-06-30 13440732 core:AfterOneYear 2024-06-30 13440732 core:ShareCapital 2024-06-30 13440732 core:OtherReservesSubtotal 2024-06-30 13440732 core:RetainedEarningsAccumulatedLosses 2024-06-30 13440732 core:LandBuildings 2024-06-30 13440732 core:RevaluationReserve 2024-06-30 13440732 2023-06-30 13440732 core:LandBuildings 2023-06-30 13440732 core:RevaluationReserve 2023-06-30 iso4217:GBP xbrli:pure