Glandore Homes Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—6

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Accountants' Report

For The Year Ended 31 October 2024

Accountants' Report

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Glandore Homes Limited For The Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Glandore Homes Limited For The Year Ended 31 October 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Glandore Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Glandore Homes Limited . You consider that Glandore Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Glandore Homes Limited . 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 financial statements.

31/10/2025

Sterling Accounting Solutions Ltd

Chartered Accountants

SAS House

Chipperfield Road

Kings Langley

Hertfordshire

WD4 9JB

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Glandore Homes Limited

Statement of Financial Position

As At 31 October 2024

Statement of Financial Position

Registered number: 12970835

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	2,365,088		1,529,819
Debtors	5	1,827		7,461
Cash at bank and in hand		7,720		15,652

		2,374,635		1,552,932
Creditors: Amounts Falling Due Within One Year	6	(2,457,553 )		(1,604,744 )

NET CURRENT ASSETS (LIABILITIES)			(82,918 )		(51,812 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(82,918 )		(51,812 )

NET LIABILITIES			(82,918 )		(51,812 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Income Statement			(83,018 )		(51,912 )

SHAREHOLDERS' FUNDS			(82,918)		(51,812)

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Glandore Homes Limited

Statement of Financial Position (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Sean McNicholas

Director

31/10/2025

The notes on pages 5 to 6 form part of these financial statements.

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Glandore Homes Limited

Notes to the Financial Statements

For The Year Ended 31 October 2024

Notes to the Financial Statements

1. General Information

Glandore Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12970835 . The registered office is SAS House, Chipperfield Road, Kings Langley, Hertfordshire, WD4 9JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.3. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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Glandore Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Stocks

	2024	2023
	£	£
Work in progress	2,365,088	1,529,819

A property held as work in progress at 31 October 2024 was sold after the year end. The resulting profit will be recognised in the next financial period.

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	1,727	7,361
Other debtors	100	100

	1,827	7,461

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	39,617	-
Other taxes and social security	10,884	12,559
Other creditors	531,336	525,096
Accruals and deferred income	4,900	2,400
Director's loan account	1,870,816	1,064,689

	2,457,553	1,604,744

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

8. Related Party Transactions

At the year end Glandore Homes Limited owed £531,336 (£525,096) to companies under common control. This amount is included within other creditors.

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Director	Sean McNicholas

Company Number	12970835

Registered Office	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB

Accountants	Sterling Accounting Solutions Ltd
	Chartered Accountants
	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB