Company No:
Contents
| Directors | Mary Janet Beckett |
| Lucia Joy Bergamasco | |
| Elizabeth Bradshaw | |
| Darron Gillatt (Treasurer) | |
| Jackalyn Anne Nash | |
| Theresa Mary Page (Resigned 26 November 2024) | |
| Penelope Sacre Rollinson (Resigned 26 November 2024) | |
| Rebecca Louise Walton | |
| Tina Irene Webb (Chairperson) | |
| Sarah Kay Wehner (Resigned 26 November 2024) |
| Registered office | 2nd Floor |
| Maritime Place Quayside | |
| Chatham Maritime | |
| Chatham | |
| ME4 4QZ | |
| United Kingdom |
| Company number | 00878590 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| 2nd Floor, Maritime Place | |
| Quayside | |
| Chatham Maritime | |
| Chatham | |
| Kent | |
| ME4 4QZ |
The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 25 March 2025.
Principal activities
Directors
The directors, who served during the financial year and to the date of this report except as noted, were as follows:
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(Resigned 26 November 2024) |
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(Resigned 26 November 2024) |
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(Resigned 26 November 2024) |
Small companies exemption
Approved by the Board of Directors and signed on its behalf by:
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Tina Irene Webb (Chairperson)
Director |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Glebe Way Property Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Glebe Way Property Company Limited. You consider that Glebe Way Property Company Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Glebe Way Property Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Turnover |
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| Administrative expenses | (
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| Operating loss | (
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| Interest receivable and similar income | 4 |
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| Loss before taxation | (
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| Tax on loss |
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| Loss for the financial year | (
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| Retained earnings at the beginning of financial year |
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| Loss for the financial year | (
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| Retained earnings at the end of financial year |
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| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 5 |
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| 1 | 1 | |||
| Current assets | ||||
| Cash at bank and in hand |
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| 47,008 | 51,230 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets | 45,988 | 50,270 | ||
| Total assets less current liabilities | 45,989 | 50,271 | ||
| Net assets |
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| Reserves | ||||
| Profit and loss account |
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| Total reserves |
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Directors' responsibilities:
The financial statements of Glebe Way Property Company Limited (registered number:
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Tina Irene Webb (Chairperson)
Director |
Darron Gillatt (Treasurer)
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Glebe Way Property Company Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, Maritime Place Quayside, Chatham Maritime, Chatham, ME4 4QZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
| Land and buildings | not depreciated |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Interest receivable and similar income |
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| Land and buildings | Total | ||
| £ | £ | ||
| Cost | |||
| At 26 March 2024 |
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| At 25 March 2025 |
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| Accumulated depreciation | |||
| At 26 March 2024 |
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| At 25 March 2025 |
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| Net book value | |||
| At 25 March 2025 |
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| At 25 March 2024 |
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| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors |
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The company is a private company limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation.