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REGISTERED NUMBER: 04338723 (England and Wales)

Glentworth Letting Agencies Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Glentworth Letting Agencies Limited (Registered number: 04338723)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Glentworth Letting Agencies Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | D I Clapp

| REGISTERED OFFICE: | 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| REGISTERED NUMBER: | 04338723 (England and Wales)

| ACCOUNTANTS: | Maxwells

| Chartered Accountants

| 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| BANKERS: | Lloyds Bank plc

| 31 Fore Street

| Taunton

| Somerset

| TA1 1HN

Glentworth Letting Agencies Limited (Registered number: 04338723)

Abridged Statement of Financial Position

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 15,815 |  | 10,344 |  |

15,815 |  | 10,344 |  |

CURRENT ASSETS

Debtors | 4,176 |  | 17,454 |  |

Cash at bank and in hand | 356,984 |  | 333,871 |  |

361,160 |  | 351,325 |  |

CREDITORS

Amounts falling due within one year | 365,632 |  | 337,895 |  |

NET CURRENT (LIABILITIES)/ASSETS | (4,472 | ) | 13,430 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,343 |  | 23,774 |  |

CREDITORS

Amounts falling due after more than one year | (4,264 | ) | (10,183 | ) |

PROVISIONS FOR LIABILITIES | (676 | ) | (2,586 | ) |

NET ASSETS | 6,403 |  | 11,005 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 6,303 |  | 10,905 |  |

SHAREHOLDERS' FUNDS | 6,403 |  | 11,005 |  |

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 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.

Glentworth Letting Agencies Limited (Registered number: 04338723)

Abridged Statement of Financial Position - continued

31 December 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 September 2025 and were signed by:

D I Clapp - Director

Glentworth Letting Agencies Limited (Registered number: 04338723)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Glentworth Letting Agencies 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.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Website development

| The website development costs were incurred in the year ended 31 December 2010 and are being amortised on a straight line basis over 3 years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 25% on reducing balance, 10% on cost and Straight line over 3 years

| 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 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.

Glentworth Letting Agencies Limited (Registered number: 04338723)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2023 - 6 ) .

5. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 4,500 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 4,500 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

Glentworth Letting Agencies Limited (Registered number: 04338723)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2024 | 79,633 |  |

| Additions | 13,950 |  |

| Disposals | (12,995 | ) |

| At 31 December 2024 | 80,588 |  |

| DEPRECIATION

| At 1 January 2024 | 69,289 |  |

| Charge for year | 5,395 |  |

| Eliminated on disposal | (9,911 | ) |

| At 31 December 2024 | 64,773 |  |

| NET BOOK VALUE

| At 31 December 2024 | 15,815 |  |

| At 31 December 2023 | 10,344 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Totals

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 31,979 |  |

| DEPRECIATION

| At 1 January 2024 | 25,012 |  |

| Charge for year | 971 |  |

| Eliminated on disposal | (9,911 | ) |

| At 31 December 2024 | 16,072 |  |

| NET BOOK VALUE

| At 31 December 2024 | 15,907 |  |

| At 31 December 2023 | 6,967 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 31.12.24 |  | 31.12.23 |

£ | £ |

| Net obligations repayable:

| Within one year | 2,558 |  | 5,198 |  |

| Between one and five years | 4,264 |  | - |  |

6,822 |  | 5,198 |  |

Glentworth Letting Agencies Limited (Registered number: 04338723)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 7,333 |  | 18,003 |  |

| Hire purchase contracts | 6,822 |  | 5,198 |  |

14,155 |  | 23,201 |  |

| The hire purchase agreements have been secured on the asset to which they relate.

| The bank loan is secured with a personal guarantee from D Clapp.

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

| 31.12.24 |  | 31.12.23

£ | £ |

| D I Clapp

| Balance outstanding at start of year | (960 | ) | 12,455 |  |

| Amounts repaid | - |  | (13,415 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (960 | ) |

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is D I Clapp.

| During the current and previous year the company was controlled by its director by virtue of the fact that he owned the majority of the issued share capital.