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REGISTERED NUMBER: 04839886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Glemjar (Properties) Limited

Glemjar (Properties) Limited (Registered number: 04839886)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Glemjar (Properties) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J M Norris





SECRETARY: J M Norris





REGISTERED OFFICE: 17 Toller Road
Quorn
Loughborough
LE12 8AH





REGISTERED NUMBER: 04839886 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Glemjar (Properties) Limited (Registered number: 04839886)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 670,010 670,010

CURRENT ASSETS
Debtors 5 938 938
Cash at bank 8,782 21,820
9,720 22,758
CREDITORS
Amounts falling due within one year 6 22,551 18,449
NET CURRENT (LIABILITIES)/ASSETS (12,831 ) 4,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,179

674,319

CREDITORS
Amounts falling due after more than one year 7 (317,606 ) (340,962 )

PROVISIONS FOR LIABILITIES (7,791 ) (7,791 )
NET ASSETS 331,782 325,566

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 218,986 218,986
Retained earnings 112,696 106,480
331,782 325,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:




J M Norris - Director


Glemjar (Properties) Limited (Registered number: 04839886)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Glemjar (Properties) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 670,010
NET BOOK VALUE
At 31 July 2024 670,010
At 31 July 2023 670,010

Glemjar (Properties) Limited (Registered number: 04839886)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 226,777
Cost 443,233
670,010


If investment properties had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 433,233 443,233

Investment properties were valued on an open market basis in August 2023 by a RICS registered surveyor and the director has assessed that these valuations remain appropriate at 31 July 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 438 438
Other debtors 500 500
938 938

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 420 162
Taxation and social security 2,882 3,437
Other creditors 19,249 14,850
22,551 18,449

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 317,606 340,962

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 218,986

Glemjar (Properties) Limited (Registered number: 04839886)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. RELATED PARTY DISCLOSURES

During the year the company charged rent of £21,000 (2023 £20,667) to PRP.UK Limited. Mr J M Norris is also a director of PRP.UK Limited.

Included in other creditors at the year end is an amount of £191,892 (2023 £180,210) owing to PRP.UK (Holdings) Limited, a company in which Mr J M Norris is a director.

Included in other creditors at the year end is an amount of £46,609 (2023 £68,327) owing to Mr J M Norris.

Included in other creditors at the year end is an amount of £93,940 (2023 £102,896) owing to Mrs A E Hayes. Mrs A E Hayes is related to Mr J M Norris.