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REGISTERED NUMBER: 09937149 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 July 2024

for

GLEBE PROPERTY SERVICES LIMITED

GLEBE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09937149)

Contents of the Financial Statements
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLEBE PROPERTY SERVICES LIMITED

Company Information
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024







DIRECTORS: A J Hall
S A Hall
M A Hall





REGISTERED OFFICE: Fourth Floor St. James House
St James' Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 09937149 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

GLEBE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09937149)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 129,256 68,491
Investment property 5 2,250,000 2,170,000
2,379,256 2,238,491

CURRENT ASSETS
Cash at bank 33,561 35,114

CREDITORS
Amounts falling due within one year 6 81,583 21,825
NET CURRENT (LIABILITIES)/ASSETS (48,022 ) 13,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,331,234

2,251,780

CREDITORS
Amounts falling due after more than
one year

7

(1,984,611

)

(1,947,044

)

PROVISIONS FOR LIABILITIES (88,683 ) (78,076 )
NET ASSETS 257,940 226,660

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 274,446 212,698
Retained earnings (16,606 ) 13,862
257,940 226,660

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

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

The directors acknowledge their 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.

GLEBE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09937149)

Balance Sheet - continued
31 JULY 2024


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 Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





M A Hall - Director


GLEBE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09937149)

Notes to the Financial Statements
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024


1. STATUTORY INFORMATION

Glebe Property Services 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
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% on cost
Motor vehicles - 25% on cost
Office equipment - 25% on cost

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 period 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.


GLEBE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09937149)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024


2. ACCOUNTING POLICIES - continued
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 period 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 period was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 39,071 60,223 2,385 101,679
Additions 340 93,858 4,170 98,368
Disposals - - (699 ) (699 )
At 31 July 2024 39,411 154,081 5,856 199,348
DEPRECIATION
At 1 April 2023 14,905 17,229 1,054 33,188
Charge for period 12,607 23,871 1,125 37,603
Eliminated on disposal - - (699 ) (699 )
At 31 July 2024 27,512 41,100 1,480 70,092
NET BOOK VALUE
At 31 July 2024 11,899 112,981 4,376 129,256
At 31 March 2023 24,166 42,994 1,331 68,491

GLEBE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09937149)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024


5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 2,170,000
Additions 7,644
Revaluations 72,356
At 31 July 2024 2,250,000
NET BOOK VALUE
At 31 July 2024 2,250,000
At 31 March 2023 2,170,000

The investment properties were valued at 31 July 2024 by the directors of the company on a fair value basis.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 38,924 8,618
Other creditors 42,659 13,207
81,583 21,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 57,486 32,233
Other creditors 1,927,125 1,914,811
1,984,611 1,947,044

8. SECURED DEBTS

The bank borrowings are secured by a fixed charge over the company's investment properties.