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Registered number: 14171625
Greater Glory Properties Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Maple Accountancy Ltd
Carter House
Wyvern Business Park, Stanier Way
Derby
Derbyshire
DE21 6BF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 14171625
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 373,805 319,400
373,805 319,400
CURRENT ASSETS
Cash at bank and in hand 1,299 4,384
1,299 4,384
Creditors: Amounts Falling Due Within One Year (221,527 ) (185,733 )
NET CURRENT ASSETS (LIABILITIES) (220,228 ) (181,349 )
TOTAL ASSETS LESS CURRENT LIABILITIES 153,577 138,051
Creditors: Amounts Falling Due After More Than One Year (182,765 ) (190,765 )
NET LIABILITIES (29,188 ) (52,714 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (29,288 ) (52,814 )
SHAREHOLDERS' FUNDS (29,188) (52,714)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
R Dzvukamanja
Director
21/03/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Greater Glory Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14171625 . The registered office is 134 Haigh Moor Way, Swallownest, Sheffield, S26 4SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate due to the ongoing financial support of the company's creditors.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives where applicable.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
30 June 2024
£
Fair Value
As at 1 July 2023 319,400
Additions 54,405
As at 30 June 2024 373,805
5. Secured Creditors
Of the creditors the following amounts are secured.
30 June 2024 30 June 2023
£ £
Bank loans and overdrafts 191,094 198,545
6. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3