REGISTERED NUMBER: 03302756 (England and Wales)

Glenys UK Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr M E Jones

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

03302756 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Glenys UK Ltd for the year ended 31 December 2024 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Glenys UK Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glenys UK Ltd and state those matters that we have agreed to state to the director of Glenys UK Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glenys UK Ltd and its director for our work or for this report.

It is your duty to ensure that Glenys UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Glenys UK Ltd. You consider that Glenys UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Glenys UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

1 October 2025

FIXED ASSETS

Property, plant and equipment

4

-

1

Investment property

5

-

220,000

-

220,001

CURRENT ASSETS

Cash at bank

399

1,343

CREDITORS

Amounts falling due within one year

6

45,605

78,575

NET CURRENT LIABILITIES

(45,206

)

(77,232

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,206

)

142,769

PROVISIONS FOR LIABILITIES

7

-

5,955

NET (LIABILITIES)/ASSETS

(45,206

)

136,814

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

-

25,383

Retained earnings

9

(45,306

)

111,331

SHAREHOLDERS' FUNDS

(45,206

)

136,814

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.

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 Income Statement 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 30 September 2025 and were signed by:

Mr M E Jones - Director

1.	STATUTORY INFORMATION

Glenys UK 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.

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.

Turnover

Turnover represents gross invoiced rental income.

Turnover is recognised at the end of the period when rent is accrued and it is derived from the ordinary activities of the business.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

27,737

DEPRECIATION

At 1 January 2024

27,736

Charge for year

1

At 31 December 2024

27,737

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

220,000

Disposals

(220,000

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

220,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2018

610,000

Valuation in 2019

40,000

Valuation in 2020

(51,000

)

Valuation in 2021

(219,000

)

Valuation in 2023

(160,000

)

Valuation in 2024

(220,000

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

107

2,456

Taxation and social security

20,099

24,336

Other creditors

25,399

51,783

45,605

78,575

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

-

5,955

Deferred

tax

£

Balance at 1 January 2024

5,955

Credit to Income Statement during year

(5,955

)

Balance at 31 December 2024

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

111,331

25,383

136,714

Deficit for the year

(182,020

)

(182,020

)

Investment property FVA

25,383

(25,383

)

-

At 31 December 2024

(45,306

)

-

(45,306

)

10.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount owed to key management personnel at balance sheet date of £23,081 (2023: 41,853). This is an interest free loan and has no fixed repayment terms.