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REGISTERED NUMBER: 09906010 (England and Wales)















GLEBE HOLDINGS (AURIGA) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GLEBE HOLDINGS (AURIGA) LIMITED (REGISTERED NUMBER: 09906010)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


GLEBE HOLDINGS (AURIGA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R J Flower
Ms J M Flower





REGISTERED OFFICE: 14 All Saints Street
Stamford
Lincolnshire
PE9 2PA





REGISTERED NUMBER: 09906010 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

GLEBE HOLDINGS (AURIGA) LIMITED (REGISTERED NUMBER: 09906010)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 250,446 250,557
Investments 5 100 100
Investment property 6 363,025 363,025
613,571 613,682

CURRENT ASSETS
Debtors 7 128,117 117,505
Cash at bank 154,124 125,312
282,241 242,817
CREDITORS
Amounts falling due within one year 8 9,196 45,777
NET CURRENT ASSETS 273,045 197,040
TOTAL ASSETS LESS CURRENT LIABILITIES 886,616 810,722

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 46,190 46,190
Retained earnings 840,326 764,432
SHAREHOLDERS' FUNDS 886,616 810,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:




R J Flower - Director



Ms J M Flower - Director


GLEBE HOLDINGS (AURIGA) LIMITED (REGISTERED NUMBER: 09906010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Glebe Holdings (Auriga) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Glebe Holdings (Auriga) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 etc - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


GLEBE HOLDINGS (AURIGA) LIMITED (REGISTERED NUMBER: 09906010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 250,000 1,089 251,089
DEPRECIATION
At 1 January 2024 - 532 532
Charge for year - 111 111
At 31 December 2024 - 643 643
NET BOOK VALUE
At 31 December 2024 250,000 446 250,446
At 31 December 2023 250,000 557 250,557

No depreciation is charged on the freehold property and it is revalued on an annual basis.

In the opinion of the director, at 31 December 2024, the open market value of the freehold property was not significantly different to this valuation.

GLEBE HOLDINGS (AURIGA) LIMITED (REGISTERED NUMBER: 09906010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 363,025
NET BOOK VALUE
At 31 December 2024 363,025
At 31 December 2023 363,025

In the opinion of the director, at 31 December 2024, the open market value of the investment property was not significantly different to this valuation.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 67,708 -
Other debtors 11,000 -
Directors' current accounts 45,578 112,546
Prepayments and accrued income 3,831 4,959
128,117 117,505

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,551 4,788
Amounts owed to group undertakings - 35,079
Corporation tax 940 1,482
Accruals and deferred income 4,705 4,428
9,196 45,777

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

GLEBE HOLDINGS (AURIGA) LIMITED (REGISTERED NUMBER: 09906010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 46,190

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
R J Flower
Balance outstanding at start of year 26,929 15,951
Amounts advanced 27,472 25,978
Amounts repaid (30,475 ) (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,926 26,929

Ms J M Flower
Balance outstanding at start of year 85,618 -
Amounts advanced 21,651 210,618
Amounts repaid (85,618 ) (125,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,651 85,618

Loans to directors are repayable on demand. Interest was charged at the official HM Revenue & Customs rate.

12. RELATED PARTY DISCLOSURES

At 31 December 2024, £11,000 (2023; Nil) was due to the company from a related party to the company.

The loan is interest free and repayable on demand.