GLSM Ltd 08472070 true 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is that of holding of investments. Digita Accounts Production Advanced 6.30.9574.0 true Mr G R Hodge Mrs S A Darroch-Davies Mrs LC Hodge false true 08472070 2024-05-01 2025-04-30 08472070 2025-04-30 08472070 core:ShareCapital 2025-04-30 08472070 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 08472070 bus:FRS102 2024-05-01 2025-04-30 08472070 bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 08472070 bus:FullAccounts 2024-05-01 2025-04-30 08472070 bus:RegisteredOffice 2024-05-01 2025-04-30 08472070 bus:Director1 2024-05-01 2025-04-30 08472070 bus:Director2 2024-05-01 2025-04-30 08472070 bus:Director3 2024-05-01 2025-04-30 08472070 bus:EntityNoLongerTradingButTradedInPast 2024-05-01 2025-04-30 08472070 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 08472070 core:Subsidiary1 2024-05-01 2025-04-30 08472070 core:Subsidiary1 1 2024-05-01 2025-04-30 08472070 core:Subsidiary1 countries:AllCountries 2024-05-01 2025-04-30 08472070 countries:EnglandWales 2024-05-01 2025-04-30 08472070 core:CostValuation 2024-04-30 08472070 2024-04-30 08472070 core:ShareCapital 2024-04-30 08472070 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08472070 core:Subsidiary1 1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 08472070

GLSM Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2025

 

GLSM Ltd

Profit and Loss Account for the Year Ended 30 April 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

GLSM Ltd

(Registration number: 08472070)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

3

500

500

Current assets

 

Cash at bank and in hand

 

3

3

Creditors: Amounts falling due within one year

5

(500)

(500)

Net current liabilities

 

(497)

(497)

Net assets

 

3

3

Capital and reserves

 

Called up share capital

3

3

Shareholders' funds

 

3

3

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 

.........................................
Mr G R Hodge
Director

 

GLSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

GLSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

3

Investments

2025
£

2024
£

Investments in subsidiaries

500

500

Subsidiaries

£

Cost or valuation

At 1 May 2024

500

Provision

Carrying amount

At 30 April 2025

500

At 30 April 2024

500

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2025

2024

Subsidiary undertakings

Old Sarum Airfield Limited

The Control Tower, Old Sarum Airfield, Salsbury, Wiltshire, SP4 6DZ

U.K

Ordinary

50%

50%

Subsidiary undertakings

Old Sarum Airfield Limited

The principal activity of Old Sarum Airfield Limited is Non-schedule passenger air transport.

4

Cash and cash equivalents

2025
£

2024
£

Cash at bank

3

3

 

GLSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5

Creditors

2025
£

2024
£

Due within one year

Other payables

500

500