GLB PROPERTY LTD

Company Registration Number:
NI657862 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

GLB PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

GLB PROPERTY LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 293,852 395,647
Total fixed assets: 293,852 395,647
Current assets
Stocks: 344,159 517,347
Debtors:   15,978 23,585
Cash at bank and in hand: 8,735 13,730
Total current assets: 368,872 554,662
Creditors: amounts falling due within one year:   (594,401) (683,031)
Net current assets (liabilities): (225,529) (128,369)
Total assets less current liabilities: 68,323 267,278
Creditors: amounts falling due after more than one year:   (122,805) (109,159)
Total net assets (liabilities): (54,482) 158,119
Capital and reserves
Called up share capital: 200 200
Revaluation reserve:453,74053,740
Profit and loss account: (108,422) 104,179
Shareholders funds: (54,482) 158,119

The notes form part of these financial statements

GLB PROPERTY LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 November 2024
and signed on behalf of the board by:

Name: GARY BEACOM
Status: Director

The notes form part of these financial statements

GLB PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLB PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 9 11

GLB PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 536,997
Additions 1,534
Disposals (72,258)
At 31 March 2024 466,273
Depreciation
At 01 April 2023 141,350
Charge for year 33,961
On disposals (2,890)
At 31 March 2024 172,421
Net book value
At 31 March 2024 293,852
At 31 March 2023 395,647

GLB PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Revaluation reserve

2024
£
Balance at 01 April 2023 53,740
Surplus or deficit after revaluation 0
Balance at 31 March 2024 53,740