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REGISTERED NUMBER: 12316480 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

GLG (NW) Ltd

GLG (NW) Ltd (Registered number: 12316480)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLG (NW) Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: G L Greaves





SECRETARY: Mrs L Greaves





REGISTERED OFFICE: 26 Lichfield Road
Radcliffe
Manchester
Radcliffe
Greater Manchester
M26 3LZ





REGISTERED NUMBER: 12316480 (England and Wales)





ACCOUNTANTS: PKW LLP Chartered Accountants
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

GLG (NW) Ltd (Registered number: 12316480)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 291,875 175,875

CURRENT ASSETS
Debtors 5 287 -
Cash at bank 7,680 13,583
7,967 13,583
CREDITORS
Amounts falling due within one year 6 151,056 120,321
NET CURRENT LIABILITIES (143,089 ) (106,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,786

69,137

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 148,774 69,125
148,786 69,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





G L Greaves - Director


GLG (NW) Ltd (Registered number: 12316480)

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

1. STATUTORY INFORMATION

GLG (NW) Ltd 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.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 December 2023 - 175,875 175,875
Additions - 116,000 116,000
Reclassification/transfer 291,875 (291,875 ) -
At 30 November 2024 291,875 - 291,875
NET BOOK VALUE
At 30 November 2024 291,875 - 291,875
At 30 November 2023 - 175,875 175,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 287 -

GLG (NW) Ltd (Registered number: 12316480)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 151,056 120,321

Included within creditors due less than one year is a £150,314 (2023: £119,600) loan from S&D Investments (North West) Limited. This loan is interest free and repayable on demand.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting end date, directors of the company owed £287. This balance is interest free and repayable on demand.