2023-10-01 2024-09-30 false Capium Accounts Production 1.1 10399456 2023-10-01 2024-09-30 10399456 bus:AbridgedAccounts 2023-10-01 2024-09-30 10399456 bus:FRS102 2023-10-01 2024-09-30 10399456 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10399456 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10399456 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10399456 2023-10-01 2024-09-30 10399456 2024-09-30 10399456 bus:RegisteredOffice 2023-10-01 2024-09-30 10399456 core:WithinOneYear 2024-09-30 10399456 core:AfterOneYear 2024-09-30 10399456 1 2023-10-01 2024-09-30 10399456 bus:Director1 2023-10-01 2024-09-30 10399456 bus:Director1 2024-09-30 10399456 bus:Director1 2022-10-01 2023-09-30 10399456 bus:Director2 2023-10-01 2024-09-30 10399456 bus:Director2 2024-09-30 10399456 bus:Director2 2022-10-01 2023-09-30 10399456 2022-10-01 10399456 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 10399456 2022-10-01 2023-09-30 10399456 2023-09-30 10399456 core:WithinOneYear 2023-09-30 10399456 core:AfterOneYear 2023-09-30 10399456 bus:EntityAccountantsOrAuditors 2022-10-01 2023-09-30 10399456 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 10399456 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 10399456 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-09-30 10399456 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-09-30 10399456 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-09-30 10399456 core:Non-currentFinancialInstruments 2024-09-30 10399456 core:Non-currentFinancialInstruments 2023-09-30 10399456 core:ShareCapital 2024-09-30 10399456 core:ShareCapital 2023-09-30 10399456 core:RetainedEarningsAccumulatedLosses 2024-09-30 10399456 core:RetainedEarningsAccumulatedLosses 2023-09-30 10399456 dpl:Item1 2023-10-01 10399456 dpl:Item1 2024-09-30 10399456 dpl:Item1 2022-10-01 10399456 dpl:Item1 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10399456
England and Wales

 

 

 

GLEBE PROPERTY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 375,852    335,852 
375,852    335,852 
Current assets      
Cash at bank and in hand 17,568    13,734 
Creditors: amount falling due within one year (253,182)   (256,142)
Net current assets (235,614)   (242,408)
 
Total assets less current liabilities 140,238    93,444 
Provisions for liabilities (10,000)  
Net assets 130,238    93,444 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 129,238    92,444 
Shareholders' funds 130,238    93,444 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 April 2025 and were signed on its behalf by:


-------------------------------
Annabel Warby
Director
1
General Information
Glebe Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10399456, registration address Bridge House, 11 Creek Road East Molesey, KT8 9BE.

The presentation currency is £ sterling.
1.

Accounting policies

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover includes revenue earned from the rental of property, the policies adopted are as follows:
  • Rental of Property: Turnover from the rental of property is recognised on an accrual basis in line with the contract in place with the tenant. Rents are recognised when due for payment.
  • Other revenue: Recognition is when it is received or when the right to receive payment is established.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all 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.
Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. Deferred tax assets and deferred tax liabilities are offset only if the company has legal right to set off against current tax liabilities and if they both relate to income tax levied by the same taxation authority on the same entity.
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to the profit and loss account via Fair Value Adjustment.
Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the
financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Significant Judgement and Estimates

Preparation of the financial statements requires management to make significant judgement and estimates. The following are considered the management judgement in applying the accounting policies of the Company that have the most significant effect on the financial statements.
  • Investment Property
Management monitors the valuation of the investment properties regularly and has the knowledge and skill to assess the fair market value of the assets. This is done in conjunction with local agents to ensure the carrying value is in line with the accounting policies.
The deferred tax liability relates to potential future tax liabilities as a result of the revaluation of the investment property.

2.

Average number of employees and directors

Average number of employees during the year was 2 (2023 : 2).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 October 2023  
Additions 335,852    335,852 
Transfer to/from tangible fixed assets  
Disposals  
Revaluations 40,000    40,000 
At 30 September 2024 375,852    375,852 

2