0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,000,000 1,000,000 1,000,000 xbrli:pure xbrli:shares iso4217:GBP 08291916 2023-12-01 2024-11-30 08291916 2024-11-30 08291916 2023-11-30 08291916 2022-12-01 2023-11-30 08291916 2023-11-30 08291916 2022-11-30 08291916 bus:Director1 2023-12-01 2024-11-30 08291916 bus:Director3 2023-12-01 2024-11-30 08291916 core:WithinOneYear 2024-11-30 08291916 core:WithinOneYear 2023-11-30 08291916 core:AfterOneYear 2024-11-30 08291916 core:AfterOneYear 2023-11-30 08291916 core:ShareCapital 2024-11-30 08291916 core:ShareCapital 2023-11-30 08291916 core:OtherReservesSubtotal 2024-11-30 08291916 core:OtherReservesSubtotal 2023-11-30 08291916 core:RetainedEarningsAccumulatedLosses 2024-11-30 08291916 core:RetainedEarningsAccumulatedLosses 2023-11-30 08291916 core:CostValuation core:Non-currentFinancialInstruments 2024-11-30 08291916 core:Non-currentFinancialInstruments 2024-11-30 08291916 core:Non-currentFinancialInstruments 2023-11-30 08291916 bus:SmallEntities 2023-12-01 2024-11-30 08291916 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 08291916 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08291916 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08291916 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 08291916
GL2Z INVESTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2024
GL2Z INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
4
1,000,000
1,000,000
CURRENT ASSETS
Debtors
5
10,125
11,107
Cash at bank and in hand
17,689
7,787
--------
--------
27,814
18,894
CREDITORS: amounts falling due within one year
6
30,497
29,070
--------
--------
NET CURRENT LIABILITIES
2,683
10,176
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
997,317
989,824
CREDITORS: amounts falling due after more than one year
7
750,001
750,001
PROVISIONS
58,042
58,042
---------
---------
NET ASSETS
189,274
181,781
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Non-distributable reserve
174,125
174,125
Profit and loss account
15,049
7,556
---------
---------
SHAREHOLDERS FUNDS
189,274
181,781
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GL2Z INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 14 February 2025 , and are signed on behalf of the board by:
Mr R G Frankel
Mr A P Gosling
Director
Director
Company registration number: 08291916
GL2Z INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the amount derived from rental income.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. INVESTMENTS
Property
£
Cost
At 1 December 2023 and 30 November 2024
1,000,000
------------
Impairment
At 1 December 2023 and 30 November 2024
------------
Carrying amount
At 30 November 2024
1,000,000
------------
At 30 November 2023
1,000,000
------------
5. DEBTORS
2024
2023
£
£
Trade debtors
9,375
9,375
Other debtors
750
1,732
--------
--------
10,125
11,107
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
1,757
Other creditors
28,740
29,070
--------
--------
30,497
29,070
--------
--------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
750,001
750,001
---------
---------
8. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: A director has advanced monies to the company. At 30 November 2024 the amount due from the company was £ 750,001 (2023 - £ 760,774 ).