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Company Registration No. 13466183 (England and Wales)
GLZT LTD Unaudited accounts for the year ended 30 June 2024
GLZT LTD Unaudited accounts Contents
Page
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GLZT LTD Company Information for the year ended 30 June 2024
Directors
Xin GUO Han NI
Company Number
13466183 (England and Wales)
Registered Office
4 Nobles Way Egham Surrey TW20 9RJ England
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GLZT LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,343,935 
1,331,935 
Current assets
Debtors
11,700 
11,700 
Cash at bank and in hand
21,575 
61,204 
33,275 
72,904 
Creditors: amounts falling due within one year
(42,091)
(23,551)
Net current (liabilities)/assets
(8,816)
49,353 
Total assets less current liabilities
1,335,119 
1,381,288 
Creditors: amounts falling due after more than one year
(1,314,950)
(1,364,950)
Net assets
20,169 
16,338 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,069 
16,238 
Shareholders' funds
20,169 
16,338 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Xin GUO Director Company Registration No. 13466183
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GLZT LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
GLZT LTD is a private company, limited by shares, registered in England and Wales, registration number 13466183. The registered office is 4 Nobles Way, Egham, Surrey, TW20 9RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
1,331,935 
Additions
12,000 
At 30 June 2024
1,343,935 
In the opinion of the directors, the fair value of the investment property at 30 June 2024 approximates the carrying value.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
11,700 
11,700 
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GLZT LTD Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,573 
2,032 
Taxes and social security
6,200 
5,300 
Other creditors
12,700 
11,700 
Loans from directors
17,170 
3,295 
Accruals
2,448 
1,224 
42,091 
23,551 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
914,950 
914,950 
Loans from directors
400,000 
450,000 
1,314,950 
1,364,950 
Aggregate of amounts that fall due for payment after five years
914,950 
914,950 
Bank loans are secured on company's investment properties. Bank loans are interest only and repayable in year 2042.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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