REGISTERED NUMBER: 09136463 (England and Wales)

THE GLEBE LIVERPOOL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr P A Chilcott

Registered office:

69 High Street

Southgate

London

N14 6LD

Registered number:

09136463 (England and Wales)

Accountants:

Rock Tax & Accounting Ltd

69 High Street

Southgate

London

N14 6LD

Fixed assets

Tangible assets

4

205,265

207,976

Current assets

Debtors

5

235,712

265,774

Cash at bank and in hand

15,834

4,256

251,546

270,030

Creditors

Amounts falling due within one year

6

368,414

103,531

Net current (liabilities)/assets

(116,868

)

166,499

Total assets less current liabilities

88,397

374,475

Creditors

Amounts falling due after more than one year

7

(20,069

)

(242,529

)

Provisions for liabilities

8

(1,046

)

(8,098

)

Net assets

67,282

123,848

Capital and reserves

Called up share capital

10

10

Retained earnings

67,272

123,838

Shareholders' funds

67,282

123,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 24 September 2025 and were signed by:

Mr P A Chilcott - Director

1.	Statutory information

The Glebe Liverpool 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 pound sterling (£) and the level of rounding is the nearest £1.

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured, reliably;

and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

£100 per annum

Fixtures and fittings

-

20% on reducing balance

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.

Hire purchase and leasing commitments

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

Pension costs

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors,creditors and loans to related parties.

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 fund, an impairment loss is recognised in the profit and loss.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Cost

At 1 October 2023

191,060

97,179

288,239

Additions

-

1,166

1,166

At 30 September 2024

191,060

98,345

289,405

Depreciation

At 1 October 2023

800

79,463

80,263

Charge for year

100

3,777

3,877

At 30 September 2024

900

83,240

84,140

Net book value

At 30 September 2024

190,160

15,105

205,265

At 30 September 2023

190,260

17,716

207,976

5.

Debtors: amounts falling due within one year

30.9.24

30.9.23

£

£

Trade debtors

1,800

666

Other debtors

163,912

172,597

VAT

-

2,026

Accrued income

70,000

70,000

Prepayments

-

20,485

235,712

265,774

6.

Creditors: amounts falling due within one year

30.9.24

30.9.23

£

£

Bank loans and overdrafts

231,981

11,112

Trade creditors

3,621

10,167

Taxation and social security

5,623

567

Other creditors

127,189

81,685

368,414

103,531

7.

Creditors: amounts falling due after more than one year

30.9.24

30.9.23

£

£

Bank loans

20,069

242,529

8.	Provisions for liabilities

30.9.24

30.9.23

£

£

Deferred tax

1,046

-

Other provisions

-

8,098

1,046

8,098

Deferred tax

£

Provided during year

1,046

Balance at 30 September 2024

1,046