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REGISTERED NUMBER: 13749310 (England and Wales)















Glen Real Estate Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024






Glen Real Estate Limited (Registered number: 13749310)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Glen Real Estate Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: G J Williams





REGISTERED OFFICE: Unit 10 Maritime Court
Bedwas
Caerphilly
United Kingdom
CF83 8HU





REGISTERED NUMBER: 13749310 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Glen Real Estate Limited (Registered number: 13749310)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 254,357 259,590
Investments 5 1 1
254,358 259,591

CURRENT ASSETS
Debtors 6 1,766 1,031

CREDITORS
Amounts falling due within one year 7 42,197 58,783
NET CURRENT LIABILITIES (40,431 ) (57,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,927

201,839

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 213,926 201,838
SHAREHOLDERS' FUNDS 213,927 201,839

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 2 May 2025 and were signed by:





G J Williams - Director


Glen Real Estate Limited (Registered number: 13749310)

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

1. STATUTORY INFORMATION

Glen Real Estate 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.

Preparation of consolidated financial statements
The financial statements contain information about Glen Real Estate Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover 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.
Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary 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 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.

Going concern
Despite the company having net current liabilities the Director believes it should be treated as a going concern. There is sufficient support from both the Director and the group to meet on going liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Glen Real Estate Limited (Registered number: 13749310)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2023
and 30 November 2024 261,622
DEPRECIATION
At 1 December 2023 2,032
Charge for year 5,233
At 30 November 2024 7,265
NET BOOK VALUE
At 30 November 2024 254,357
At 30 November 2023 259,590

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 1
NET BOOK VALUE
At 30 November 2024 1
At 30 November 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Amounts owed by group undertakings 329 1,031
Other debtors 1,437 -
1,766 1,031

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 1,600 2,922
Other creditors 40,597 55,861
42,197 58,783

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £0.01 1 1

Glen Real Estate Limited (Registered number: 13749310)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
G J Williams
Balance outstanding at start of year (52,688 ) 85,544
Amounts advanced 36,435 29,673
Amounts repaid (27,798 ) (167,905 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (44,051 ) (52,688 )