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REGISTERED NUMBER: 09423175 (England and Wales)

















GLH MANAGEMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






GLH MANAGEMENTS LIMITED (REGISTERED NUMBER: 09423175)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


GLH MANAGEMENTS LIMITED (REGISTERED NUMBER: 09423175)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
as restated
Notes £    £    £   
FIXED ASSETS
Investment property 4 600,000 85,666

CURRENT ASSETS
Debtors 5 37,176 126,882
Cash at bank 3,051 1,462
40,227 128,344
CREDITORS
Amounts falling due within one year 6 617,154 429,422
NET CURRENT LIABILITIES (576,927 ) (301,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,073

(215,412

)

CREDITORS
Amounts falling due after more than one
year

7

(2,110

)

(7,107

)

PROVISIONS FOR LIABILITIES (78,584 ) -
NET LIABILITIES (57,621 ) (222,519 )

CAPITAL AND RESERVES
Called up share capital 150 150
Fair value reserve 9 235,750 -
Retained earnings (293,521 ) (222,669 )
SHAREHOLDERS' FUNDS (57,621 ) (222,519 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

GLH MANAGEMENTS LIMITED (REGISTERED NUMBER: 09423175)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





G R Taylor - Director


GLH MANAGEMENTS LIMITED (REGISTERED NUMBER: 09423175)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Glh Managements Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09423175

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Herts
SG4 0TY

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.

Going concern
The director is of the opinion that it is appropriate to prepare the accounts on the going concern basis, because he has confirmed his continued support for the company for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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.

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 only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GLH MANAGEMENTS LIMITED (REGISTERED NUMBER: 09423175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 4 (2024 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 85,666
Additions 200,000
Revaluations 314,334
At 28 February 2025 600,000
NET BOOK VALUE
At 28 February 2025 600,000
At 29 February 2024 85,666

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2025 314,334
Cost 285,666
600,000

GLH MANAGEMENTS LIMITED (REGISTERED NUMBER: 09423175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
as restated
£    £   
Cost 285,666 85,666

Investment property was valued on an open market basis on 28 February 2025 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Other debtors 37,176 126,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Bank loans and overdrafts (see note 8) 4,991 4,867
Taxation and social security 13,496 12,347
Other creditors 598,667 412,208
617,154 429,422

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
as restated
£    £   
Bank loans (see note 8) 2,110 7,107

8. LOANS

An analysis of the maturity of loans is given below:

2025 2024
as restated
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,991 4,867

Amounts falling due between two and five years:
Bank loans over 1 year 2,110 7,107

GLH MANAGEMENTS LIMITED (REGISTERED NUMBER: 09423175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

9. RESERVES
Fair
value
reserve
£   
Fair value movements 314,334
Deferred tax adjustment (78,584 )

At 28 February 2025 235,750

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
as restated
£    £   
G R Taylor and Mrs L Taylor
Balance outstanding at start of year 89,706 15,057
Amounts advanced - 188,649
Amounts repaid (166,460 ) (114,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (76,754 ) 89,706

During the year interest of £Nil was paid (2024 - £608) in respect of the overdrawn director's loan account.

11. RELATED PARTY DISCLOSURES

OKE (Catering Equipment & Ventilation Systems) Ltd
A company in which G Taylor and L Taylor are shareholders.

Management fees received from OKE (Catering Equipment & Ventilation Systems) Ltd in the year total £37,950 (2024: £35,600).

The balance owing to OKE (Catering Equipment & Ventilation Systems) Ltd at the balance sheet date was £521,913 (2024: £412,208).

The loan is on an interest free basis and there are no agreed repayment terms.

G&L Taylor Properties Limited
A company in which G Taylor and L Taylor are both shareholders.

Amount due from the related party at the balance sheet date £37,176 (2024: £37,176).

No interest is payable on the loan and there are no agreed repayment terms.