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REGISTERED NUMBER: 08131356 (England and Wales)









Financial Statements

for the Year Ended 30 March 2024

for

Glenn Inniss Investment Limited

Glenn Inniss Investment Limited (Registered number: 08131356)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Glenn Inniss Investment Limited

Company Information
for the Year Ended 30 March 2024







DIRECTOR: Mr G N Inniss





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301,
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 08131356 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Glenn Inniss Investment Limited (Registered number: 08131356)

Statement of Financial Position
30 March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,769 7,499
Investments 5 83,159 25,750
89,928 33,249

CURRENT ASSETS
Debtors 6 56,487 64,878
Cash at bank 121,138 11,550
177,625 76,428
CREDITORS
Amounts falling due within one year 7 161,269 91,994
NET CURRENT ASSETS/(LIABILITIES) 16,356 (15,566 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,284

17,683

PROVISIONS FOR LIABILITIES 1,692 1,875
NET ASSETS 104,592 15,808

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 104,092 15,308
SHAREHOLDERS' FUNDS 104,592 15,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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 8 April 2025 and were signed by:





Mr G N Inniss - Director


Glenn Inniss Investment Limited (Registered number: 08131356)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Glenn Inniss Investment 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% Straight line
Computer equipment - 33.33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Glenn Inniss Investment Limited (Registered number: 08131356)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 March 2023 5,789 4,541 10,330
Additions - 2,445 2,445
At 30 March 2024 5,789 6,986 12,775
DEPRECIATION
At 31 March 2023 786 2,045 2,831
Charge for year 1,448 1,727 3,175
At 30 March 2024 2,234 3,772 6,006
NET BOOK VALUE
At 30 March 2024 3,555 3,214 6,769
At 30 March 2023 5,003 2,496 7,499

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 31 March 2023 25,750
Additions-Shares in group
undertakings

57,409

At 30 March 2024 83,159
NET BOOK VALUE
At 30 March 2024 83,159
At 30 March 2023 25,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39 14,932
Amounts owed by group undertakings 5,946 5,904
Other debtors 10,421 -
Directors' current accounts - 22,893
Prepayments & accrued income 40,081 21,149
56,487 64,878

Glenn Inniss Investment Limited (Registered number: 08131356)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 121 8,832
Amounts owed to group undertakings 1,000 -
Tax 95,313 42,340
Social security & other taxes 265 61
Value added tax 38,725 15,315
Directors' current accounts 133 -
Accruals & deferred income 25,712 25,446
161,269 91,994