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Registered number: 05623724
The Glenbrook Inn Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
James Khan
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05623724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,500 45,000
Tangible Assets 5 601,167 612,376
623,667 657,376
CURRENT ASSETS
Stocks 6 3,400 3,400
Cash at bank and in hand 109,784 122,054
113,184 125,454
Creditors: Amounts Falling Due Within One Year 7 (539,265 ) (561,420 )
NET CURRENT ASSETS (LIABILITIES) (426,081 ) (435,966 )
TOTAL ASSETS LESS CURRENT LIABILITIES 197,586 221,410
Creditors: Amounts Falling Due After More Than One Year 8 (7,500 ) (17,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,035 ) (7,035 )
NET ASSETS 183,051 196,875
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 222,872 222,872
Profit and Loss Account (39,822 ) (25,998 )
SHAREHOLDERS' FUNDS 183,051 196,875
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Arthur O'Leary
Director
07/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Glenbrook Inn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05623724 . The registered office is The Glenbrook Inn, Dobbins Road, Barry, Vale Of Glamorgan, CF63 2NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight-line
Leasehold 2% Straight-line
Plant & Machinery 20% Reducing balance
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 450,000
As at 30 November 2024 450,000
Amortisation
As at 1 December 2023 405,000
Provided during the period 22,500
As at 30 November 2024 427,500
Net Book Value
As at 30 November 2024 22,500
As at 1 December 2023 45,000
5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 637,000 54,699 - 120,633
Additions - - 4,000 -
As at 30 November 2024 637,000 54,699 4,000 120,633
Depreciation
As at 1 December 2023 89,180 6,795 - 106,348
Provided during the period 12,740 1,094 600 2,857
As at 30 November 2024 101,920 7,889 600 109,205
Net Book Value
As at 30 November 2024 535,080 46,810 3,400 11,428
As at 1 December 2023 547,820 47,904 - 14,285
Computer Equipment Total
£ £
Cost
As at 1 December 2023 3,101 815,433
Additions 2,957 6,957
As at 30 November 2024 6,058 822,390
Depreciation
As at 1 December 2023 734 203,057
Provided during the period 875 18,166
As at 30 November 2024 1,609 221,223
...CONTINUED
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Page 5
Net Book Value
As at 30 November 2024 4,449 601,167
As at 1 December 2023 2,367 612,376
6. Stocks
2024 2023
£ £
Finished goods 3,400 3,400
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,245 1,477
Bank loans and overdrafts 10,000 10,000
Other creditors 525,760 547,489
Taxation and social security 1,260 2,454
539,265 561,420
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,500 17,500
7,500 17,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Revaluation Reserve
£
As at 1 December 2023 222,872
As at 30 November 2024 222,872
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