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REGISTERED NUMBER: 08646637 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GLYNHIR ESTATES LTD

GLYNHIR ESTATES LTD (REGISTERED NUMBER: 08646637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GLYNHIR ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A Grunhut





REGISTERED OFFICE: Occ Estate Building A
Suite 8
102 Vale Road
London, England
N4 1FL





REGISTERED NUMBER: 08646637 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

GLYNHIR ESTATES LTD (REGISTERED NUMBER: 08646637)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 5 300,000 161,074

CURRENT ASSETS
Debtors 6 133,222 131,900
Cash at bank 1,109 106
134,331 132,006
CREDITORS
Amounts falling due within one year 7 (74,290 ) (59,940 )
NET CURRENT ASSETS 60,041 72,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,041

233,140

CREDITORS
Amounts falling due after more than one
year

8

(248,706

)

(258,728

)

PROVISIONS FOR LIABILITIES (26,340 ) -
NET ASSETS/(LIABILITIES) 84,995 (25,588 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 138,926 -
Retained earnings 11 (54,031 ) (25,688 )
SHAREHOLDERS' FUNDS 84,995 (25,588 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GLYNHIR ESTATES LTD (REGISTERED NUMBER: 08646637)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 director and authorised for issue on 28 May 2025 and were signed by:





A Grunhut - Director


GLYNHIR ESTATES LTD (REGISTERED NUMBER: 08646637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Glynhir Estates Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, 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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 161,074
Revaluations 138,926
At 31 August 2024 300,000
NET BOOK VALUE
At 31 August 2024 300,000
At 31 August 2023 161,074

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 138,926
Cost 161,074
300,000

GLYNHIR ESTATES LTD (REGISTERED NUMBER: 08646637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,322 -
Other debtors 131,900 131,900
133,222 131,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 72,760 58,440
Accrued expenses 1,530 1,500
74,290 59,940

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 20,771 30,786
Bank loans more 5 yrs non-inst 227,935 227,942
248,706 258,728

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 227,935 227,942

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 248,706 258,728

1. Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £30,786 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

GLYNHIR ESTATES LTD (REGISTERED NUMBER: 08646637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 (25,688 ) - (25,688 )
Profit for the year 110,583 110,583
Revaluation reserve (138,926 ) 138,926 -
At 31 August 2024 (54,031 ) 138,926 84,895

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Grunhut.