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Registered number: 04714348
Glane Properties Limited
Financial Statements
For The Year Ended 30 September 2024
Bridger Smart & Co. Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04714348
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 103 138
103 138
CURRENT ASSETS
Debtors 5 1,123,162 1,044,888
Cash at bank and in hand 3,345,015 3,473,928
4,468,177 4,518,816
Creditors: Amounts Falling Due Within One Year 6 (3,515,055 ) (3,515,182 )
NET CURRENT ASSETS (LIABILITIES) 953,122 1,003,634
TOTAL ASSETS LESS CURRENT LIABILITIES 953,225 1,003,772
NET ASSETS 953,225 1,003,772
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 953,223 1,003,770
SHAREHOLDERS' FUNDS 953,225 1,003,772
For the year ending 30 September 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 T Wise
Director
23 June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Glane Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04714348 . The registered office is 34 Eaton Mews North, London, SW1X 8AS.
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. 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:
Fixtures & Fittings 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 1,175
As at 30 September 2024 1,175
Depreciation
As at 1 October 2023 1,037
Provided during the period 35
As at 30 September 2024 1,072
Net Book Value
As at 30 September 2024 103
As at 1 October 2023 138
5. Debtors
2024 2023
£ £
Due within one year
Third party loan 357,029 273,013
Doheny Ltd 250,000 250,000
Glane Holdings Ltd 514,323 514,323
Director's loan account 1,810 2,805
1,123,162 1,040,141
Due after more than one year
Corporation tax recoverable assets - 4,747
1,123,162 1,044,888
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,035 2,162
Accurals 1,500 1,500
Short term loan 3,511,520 3,511,520
3,515,055 3,515,182
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
One ordinary share was allotted to Daniel De Marsillac on 28th March 2016.
8. Directors Advances, Credits and Guarantees
During the year the directors entered into the following advances (and credits) with the company:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Terence Wise 2,805 - - - -
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Terence Wise.
Page 3