Company Registration No. 13466183 (England and Wales)
GLZT LTD
Unaudited accounts
for the year ended 30 June 2024
GLZT LTD
Unaudited accounts
Contents
GLZT LTD
Company Information
for the year ended 30 June 2024
Company Number
13466183 (England and Wales)
Registered Office
4 Nobles Way
Egham
Surrey
TW20 9RJ
England
GLZT LTD
Statement of financial position
as at 30 June 2024
Investment property
1,343,935
1,331,935
Cash at bank and in hand
21,575
61,204
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)
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
GLZT LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 July 2023
1,331,935
In the opinion of the directors, the fair value of the investment property at 30 June 2024 approximates the carrying value.
Amounts falling due after more than one year
Other debtors
11,700
11,700
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
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
914,950
914,950
Loans from directors
400,000
450,000
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).