REGISTERED NUMBER: 06081642 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

GLENNTRADE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTORS:

G R Read

E L Read

SECRETARY:

M Butcher FAIA MCMI

REGISTERED OFFICE:

21 California

Woodbridge

Suffolk

IP12 4DE

REGISTERED NUMBER:

06081642 (England and Wales)

ACCOUNTANTS:

M B A Accountants

Muir Wood

21 California

Woodbridge

Suffolk

IP12 4DE

FIXED ASSETS

Tangible assets

4

178,500

36,000

CURRENT ASSETS

Stocks

218,000

224,110

Debtors

5

39,462

40,599

Investments

6

250,000

250,000

Cash at bank

431,696

616,835

939,158

1,131,544

CREDITORS

Amounts falling due within one year

7

57,036

119,145

NET CURRENT ASSETS

882,122

1,012,399

TOTAL ASSETS LESS CURRENT LIABILITIES

1,060,622

1,048,399

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,060,522

1,048,299

SHAREHOLDERS' FUNDS

1,060,622

1,048,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:

G R Read - Director

1.	STATUTORY INFORMATION

Glenntrade 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.

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.

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.

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

90,000

18,000

108,000

Additions

210,000

-

210,000

Disposals

(90,000

)

-

(90,000

)

At 31 March 2025

210,000

18,000

228,000

DEPRECIATION

At 1 April 2024

54,000

18,000

72,000

Charge for year

31,500

-

31,500

Eliminated on disposal

(54,000

)

-

(54,000

)

At 31 March 2025

31,500

18,000

49,500

NET BOOK VALUE

At 31 March 2025

178,500

-

178,500

At 31 March 2024

36,000

-

36,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

39,462

40,599

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

250,000

250,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

(1

)

-

Taxation and social security

1,152

61,127

Other creditors

55,885

58,018

57,036

119,145

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

M B A Accountants

Muir Wood

21 California

Woodbridge

Suffolk

IP12 4DE

9 June 2025