GLORY DIVINE PROPERTY INVESTMENT LTD

Company Registration Number:
14052220 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 01 May 2024

End date: 30 April 2025

GLORY DIVINE PROPERTY INVESTMENT LTD

Contents of the Financial Statements

for the Period Ended 30 April 2025

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GLORY DIVINE PROPERTY INVESTMENT LTD

Company Information

for the Period Ended 30 April 2025




Director: Ms Olutoyin Ogunyemi
Registered office: Portland House
Belmont Business Park
Durham
England
DH1 1TW
Company Registration Number: 14052220 (England and Wales)

GLORY DIVINE PROPERTY INVESTMENT LTD

Directors' Report Period Ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal Activities

Property letting.

Company policy on the employment of disabled persons

Equal opportunities

Directors

The director(s) shown below were appointed to the company during the period
Ms Olutoyin Ogunyemi
01 May 2024

This report was approved by the board of directors on 14 May 2025
And Signed On Behalf Of The Board By:

Name: Ms Olutoyin Ogunyemi
Status: Director

GLORY DIVINE PROPERTY INVESTMENT LTD

Profit and Loss Account

for the Period Ended 30 April 2025


Notes

2025
£

2024
£
Turnover 5,272 3,894
Gross Profit or (Loss) 5,272 3,894
Administrative Expenses ( 6,638 ) ( 2,724 )
Operating Profit or (Loss) ( 1,366 ) 1,170
Interest Payable and Similar Charges ( 1,485 ) ( 1,485 )
Profit or (Loss) Before Tax ( 2,851 ) ( 315 )
Profit or (Loss) for Period ( 2,851 ) ( 315 )

The notes form part of these financial statements

GLORY DIVINE PROPERTY INVESTMENT LTD

Balance sheet

As at 30 April 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 4 51,376 51,376
Total fixed assets: 51,376 51,376
Current assets
Debtors: 5 425
Cash at bank and in hand: 1,060 1,050
Total current assets: 1,485 1,050
Creditors: amounts falling due within one year: 6 ( 7,286 ) ( 5,485 )
Net current assets (liabilities): ( 5,801 ) ( 4,435 )
Total assets less current liabilities: 45,575 46,941
Creditors: amounts falling due after more than one year: 7 ( 51,376 ) ( 51,376 )
Provision for liabilities: ( 1,485 )
Total net assets (liabilities): ( 7,286 ) ( 4,435 )

The notes form part of these financial statements

GLORY DIVINE PROPERTY INVESTMENT LTD

Balance sheet continued

As at 30 April 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 7,287 ) ( 4,436 )
Shareholders funds: ( 7,286 ) ( 4,435 )

For the year ending 30 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 May 2025
And Signed On Behalf Of The Board By:

Name: Ms Olutoyin Ogunyemi
Status: Director

The notes form part of these financial statements

GLORY DIVINE PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLORY DIVINE PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 0 0

GLORY DIVINE PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 3. Off balance sheet disclosure

    No

GLORY DIVINE PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 May 2024 51,376 51,376
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 April 2025 51,376 51,376
Depreciation
At 01 May 2024 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 30 April 2025 - -
Net book value
At 30 April 2025 51,376 51,376
At 30 April 2024 51,376 51,376

The tangible asset is a rental property bought on an interest only mortgage.

GLORY DIVINE PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

5. Debtors


2025
£

2024
£
Trade debtors 425
Total 425

This is rent not paid.

GLORY DIVINE PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

6.Creditors: amounts falling due within one year note


2025
£

2024
£
Trade creditors 7,286 5,485
Total 7,286 5,485

This is money owed on the repairs on the property which was bought dilapidated and there is ongoing expenditure to address the repairs.

GLORY DIVINE PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

7.Creditors: amounts falling due after more than one year


2025
£

2024
£
Bank loans and overdrafts 51,376 51,376
Total 51,376 51,376

This is the value of the rental property which is the asset generating the cashflow. The property is mortgaged.