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REGISTERED NUMBER: 13028069 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Glenko Property Ltd

Glenko Property Ltd (Registered number: 13028069)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glenko Property Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Khalil Rahman





REGISTERED OFFICE: 8 Glencoe Avenue
Ilford
Essex
IG2 7AJ





REGISTERED NUMBER: 13028069 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

Glenko Property Ltd (Registered number: 13028069)

Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 538,911 538,911

CURRENT ASSETS
Cash at bank 7,002 7,680

CREDITORS
Amounts falling due within one year 5 213,780 212,842
NET CURRENT LIABILITIES (206,778 ) (205,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,133

333,749

CREDITORS
Amounts falling due after more than one
year

6

342,675

348,864
NET LIABILITIES (10,542 ) (15,115 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (10,543 ) (15,116 )
(10,542 ) (15,115 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Glenko Property Ltd (Registered number: 13028069)

Balance Sheet - continued
30 November 2024


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 director and authorised for issue on 18 August 2025 and were signed by:





Khalil Rahman - Director


Glenko Property Ltd (Registered number: 13028069)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Glenko Property Ltd 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
Rent is accounted for on a receivable basis.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The total current liabilities exceeds the total current assets of the company as at 30 November 2024. The director has confirmed that the company will have continuous support from the creditors.

The director is confident that the company has sufficient resources to trade as a going concern. It is for these reasons the accounts have been prepared on a going concern basis.

Glenko Property Ltd (Registered number: 13028069)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 538,911
NET BOOK VALUE
At 30 November 2024 538,911
At 30 November 2023 538,911

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Other creditors 213,780 212,842

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans 342,675 348,864

The investment property is secured with Gatehouse Bank PLC.