2023-07-012024-06-302024-06-30false12073532Glebe House Devon Limited2025-03-19falseiso4217:GBPxbrli:pure120735322023-07-01120735322024-06-30120735322023-07-012024-06-30120735322022-07-01120735322023-06-30120735322022-07-012023-06-3012073532bus:SmallEntities2023-07-012024-06-3012073532bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3012073532bus:FullAccounts2023-07-012024-06-3012073532bus:PrivateLimitedCompanyLtd2023-07-012024-06-3012073532core:WithinOneYear2024-06-3012073532core:AfterOneYear2024-06-3012073532core:WithinOneYear2023-06-3012073532core:AfterOneYear2023-06-3012073532core:ShareCapital2024-06-3012073532core:SharePremium2024-06-3012073532core:RevaluationReserve2024-06-3012073532core:OtherReservesSubtotal2024-06-3012073532core:RetainedEarningsAccumulatedLosses2024-06-3012073532core:ShareCapital2023-06-3012073532core:SharePremium2023-06-3012073532core:RevaluationReserve2023-06-3012073532core:OtherReservesSubtotal2023-06-3012073532core:RetainedEarningsAccumulatedLosses2023-06-3012073532core:LandBuildings2024-06-3012073532core:PlantMachinery2024-06-3012073532core:Vehicles2024-06-3012073532core:FurnitureFittings2024-06-3012073532core:OfficeEquipment2024-06-3012073532core:NetGoodwill2024-06-3012073532core:IntangibleAssetsOtherThanGoodwill2024-06-3012073532core:ListedExchangeTraded2024-06-3012073532core:UnlistedNon-exchangeTraded2024-06-3012073532core:LandBuildings2023-06-3012073532core:PlantMachinery2023-06-3012073532core:Vehicles2023-06-3012073532core:FurnitureFittings2023-06-3012073532core:OfficeEquipment2023-06-3012073532core:NetGoodwill2023-06-3012073532core:IntangibleAssetsOtherThanGoodwill2023-06-3012073532core:ListedExchangeTraded2023-06-3012073532core:UnlistedNon-exchangeTraded2023-06-3012073532core:LandBuildings2023-07-012024-06-3012073532core:PlantMachinery2023-07-012024-06-3012073532core:Vehicles2023-07-012024-06-3012073532core:FurnitureFittings2023-07-012024-06-3012073532core:OfficeEquipment2023-07-012024-06-3012073532core:NetGoodwill2023-07-012024-06-3012073532core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3012073532core:ListedExchangeTraded2023-07-012024-06-3012073532core:UnlistedNon-exchangeTraded2023-07-012024-06-3012073532core:MoreThanFiveYears2023-07-012024-06-3012073532core:Non-currentFinancialInstruments2024-06-3012073532core:Non-currentFinancialInstruments2023-06-3012073532dpl:CostSales2023-07-012024-06-3012073532dpl:DistributionCosts2023-07-012024-06-3012073532core:LandBuildings2023-07-012024-06-3012073532core:PlantMachinery2023-07-012024-06-3012073532core:Vehicles2023-07-012024-06-3012073532core:FurnitureFittings2023-07-012024-06-3012073532core:OfficeEquipment2023-07-012024-06-3012073532dpl:AdministrativeExpenses2023-07-012024-06-3012073532core:NetGoodwill2023-07-012024-06-3012073532core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3012073532dpl:GroupUndertakings2023-07-012024-06-3012073532dpl:ParticipatingInterests2023-07-012024-06-3012073532dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3012073532core:ListedExchangeTraded2023-07-012024-06-3012073532dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3012073532core:UnlistedNon-exchangeTraded2023-07-012024-06-3012073532dpl:CostSales2022-07-012023-06-3012073532dpl:DistributionCosts2022-07-012023-06-3012073532core:LandBuildings2022-07-012023-06-3012073532core:PlantMachinery2022-07-012023-06-3012073532core:Vehicles2022-07-012023-06-3012073532core:FurnitureFittings2022-07-012023-06-3012073532core:OfficeEquipment2022-07-012023-06-3012073532dpl:AdministrativeExpenses2022-07-012023-06-3012073532core:NetGoodwill2022-07-012023-06-3012073532core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3012073532dpl:GroupUndertakings2022-07-012023-06-3012073532dpl:ParticipatingInterests2022-07-012023-06-3012073532dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3012073532core:ListedExchangeTraded2022-07-012023-06-3012073532dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3012073532core:UnlistedNon-exchangeTraded2022-07-012023-06-3012073532core:NetGoodwill2024-06-3012073532core:IntangibleAssetsOtherThanGoodwill2024-06-3012073532core:LandBuildings2024-06-3012073532core:PlantMachinery2024-06-3012073532core:Vehicles2024-06-3012073532core:FurnitureFittings2024-06-3012073532core:OfficeEquipment2024-06-3012073532core:AfterOneYear2024-06-3012073532core:WithinOneYear2024-06-3012073532core:ListedExchangeTraded2024-06-3012073532core:UnlistedNon-exchangeTraded2024-06-3012073532core:ShareCapital2024-06-3012073532core:SharePremium2024-06-3012073532core:RevaluationReserve2024-06-3012073532core:OtherReservesSubtotal2024-06-3012073532core:RetainedEarningsAccumulatedLosses2024-06-3012073532core:NetGoodwill2023-06-3012073532core:IntangibleAssetsOtherThanGoodwill2023-06-3012073532core:LandBuildings2023-06-3012073532core:PlantMachinery2023-06-3012073532core:Vehicles2023-06-3012073532core:FurnitureFittings2023-06-3012073532core:OfficeEquipment2023-06-3012073532core:AfterOneYear2023-06-3012073532core:WithinOneYear2023-06-3012073532core:ListedExchangeTraded2023-06-3012073532core:UnlistedNon-exchangeTraded2023-06-3012073532core:ShareCapital2023-06-3012073532core:SharePremium2023-06-3012073532core:RevaluationReserve2023-06-3012073532core:OtherReservesSubtotal2023-06-3012073532core:RetainedEarningsAccumulatedLosses2023-06-3012073532core:NetGoodwill2022-07-0112073532core:IntangibleAssetsOtherThanGoodwill2022-07-0112073532core:LandBuildings2022-07-0112073532core:PlantMachinery2022-07-0112073532core:Vehicles2022-07-0112073532core:FurnitureFittings2022-07-0112073532core:OfficeEquipment2022-07-0112073532core:AfterOneYear2022-07-0112073532core:WithinOneYear2022-07-0112073532core:ListedExchangeTraded2022-07-0112073532core:UnlistedNon-exchangeTraded2022-07-0112073532core:ShareCapital2022-07-0112073532core:SharePremium2022-07-0112073532core:RevaluationReserve2022-07-0112073532core:OtherReservesSubtotal2022-07-0112073532core:RetainedEarningsAccumulatedLosses2022-07-0112073532core:AfterOneYear2023-07-012024-06-3012073532core:WithinOneYear2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3012073532core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3012073532core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3012073532core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3012073532core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3012073532core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3012073532core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3012073532core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3012073532core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3012073532core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3012073532core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3012073532core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3012073532core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3012073532core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3012073532core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3012073532core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3012073532core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3012073532core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3012073532core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3012073532bus:Director12023-07-012024-06-3012073532bus:Director22023-07-012024-06-3012073532core:FurnitureFittingsToolsEquipment2023-06-3012073532core:FurnitureFittingsToolsEquipment2023-07-012024-06-3012073532core:FurnitureFittingsToolsEquipment2024-06-30

Glebe House Devon Limited

Registered Number
12073532
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Glebe House Devon Limited
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Olivia Kathleen Chittenden
Oliver Hugo Guest

Registered Address

Glebe House
Southleigh
Colyton
EX24 6SD

Registered Number

12073532 (England and Wales)
Glebe House Devon Limited
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4536,478320,267
536,478320,267
Current assets
Debtors5126,85148,363
Cash at bank and on hand112,039283,146
238,890331,509
Creditors amounts falling due within one year6(423,315)(336,228)
Net current assets (liabilities)(184,425)(4,719)
Total assets less current liabilities352,053315,548
Net assets352,053315,548
Capital and reserves
Called up share capital22
Profit and loss account352,051315,546
Shareholders' funds352,053315,548
The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2025, and are signed on its behalf by:
Oliver Hugo Guest
Director
Registered Company No. 12073532
Glebe House Devon Limited
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Office Equipment3
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year1811
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 July 23340,81574,32710,703425,845
Additions261,9512,983608265,542
At 30 June 24602,76677,31011,311691,387
Depreciation and impairment
At 01 July 2370,10031,5653,913105,578
Charge for year32,10714,9652,25949,331
At 30 June 24102,20746,5306,172154,909
Net book value
At 30 June 24500,55930,7805,139536,478
At 30 June 23270,71542,7626,790320,267
5.Debtors: amounts due within one year

2024

2023

££
Other debtors125,57746,617
Prepayments and accrued income1,2741,746
Total126,85148,363
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables18,5815,387
Taxation and social security32,63752,114
Other creditors319,804278,727
Accrued liabilities and deferred income52,293-
Total423,315336,228
7.Controlling party
The director confirms that Olivia Kathleen Chittenden and Oliver Hugo Guest is the ultimate controlling party of the company.