Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02552107 2024-01-01 2024-12-31 02552107 2023-01-01 2023-12-31 02552107 2024-12-31 02552107 2023-12-31 02552107 c:Director1 2024-01-01 2024-12-31 02552107 d:OfficeEquipment 2024-01-01 2024-12-31 02552107 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 02552107 d:OtherPropertyPlantEquipment 2024-12-31 02552107 d:OtherPropertyPlantEquipment 2023-12-31 02552107 d:FreeholdInvestmentProperty 2024-12-31 02552107 d:FreeholdInvestmentProperty 2023-12-31 02552107 d:CurrentFinancialInstruments 2024-12-31 02552107 d:CurrentFinancialInstruments 2023-12-31 02552107 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02552107 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02552107 d:ShareCapital 2024-12-31 02552107 d:ShareCapital 2023-12-31 02552107 d:RetainedEarningsAccumulatedLosses 2024-12-31 02552107 d:RetainedEarningsAccumulatedLosses 2023-12-31 02552107 c:FRS102 2024-01-01 2024-12-31 02552107 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02552107 c:FullAccounts 2024-01-01 2024-12-31 02552107 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02552107 2 2024-01-01 2024-12-31 02552107 6 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02552107









GLENBURN ENTERPRISES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
GLENBURN ENTERPRISES LIMITED
REGISTERED NUMBER: 02552107

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
-
19,101

Investments
 5 
1,970,529
1,970,529

Investment property
 6 
1,396,039
1,396,039

  
3,366,568
3,385,669

Current assets
  

Debtors: amounts falling due within one year
 7 
211,894
186,011

Cash at bank and in hand
  
19,509
108,887

  
231,403
294,898

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 8 
(173,743)
(207,136)

Net current assets
  
 
 
57,660
 
 
87,762

Total assets less current liabilities
  
3,424,228
3,473,431

  

Net assets
  
3,424,228
3,473,431


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
3,423,228
3,472,431

  
3,424,228
3,473,431


Page 1

 
GLENBURN ENTERPRISES LIMITED
REGISTERED NUMBER: 02552107
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2025.

A F Neil
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GLENBURN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Glenburn Enterprises Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS. The address of the principal place of business is 22 Old Queen Street, London SW1H 9HP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue comprises consultancy fees, speeches, media work and re-imbursed expenses in respect of the year and is recognised once the service has been delivered.

 
2.5

Interest income

Interest income is recognised in the Statement of Comprehensive Income on a receivables basis.

Page 3

 
GLENBURN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. 

 
2.7

Taxation

Tax is recognised in the Statement of Comprehensive Income.
The tax expense for the year comprises current and deferred tax. 
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line and reducing balance methods..

Depreciation is provided on the following basis:

Office equipment
-
15% per annum on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
GLENBURN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Investment property

Investment property is 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. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

Creditors

Short term creditors are measured at the transaction price. 

 
2.14

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
GLENBURN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Office equipment

£





At 1 January 2024
342,528


Disposals
(342,528)



At 31 December 2024

-





At 1 January 2024
323,427


Disposals
(323,427)



At 31 December 2024

-



Net book value



At 31 December 2024
-



At 31 December 2023
19,101


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
1,970,529



At 31 December 2024
1,970,529




Page 6

 
GLENBURN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
1,396,039



At 31 December 2024
1,396,039

The 2024 valuations were made by the directors, on an open market value for existing use basis.






If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,675,090
1,675,090

1,675,090
1,675,090

Page 7

 
GLENBURN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
-
19,200

Amounts owed by group undertakings
211,894
166,477

Prepayments
-
334

211,894
186,011



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
8,429

Other taxation and social security
6,610
27,149

Other creditors
162,133
164,058

Accruals
5,000
7,500

173,743
207,136



9.


Transactions with directors

At the financial year end date, the directors were owed £162,133 (2023 : £149,058).
The loan is interest free and repayable on demand. 
Rent of £89,000 (2023: £85,000) was payable to the company by the directors for leasing one of the company's properties. The rent payable represents an amount equal to the market rate.

 
Page 8