Company registration number 08082303 (England and Wales)
GLADWIN BROTHERS ENTERPRISES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GLADWIN BROTHERS ENTERPRISES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
GLADWIN BROTHERS ENTERPRISES LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
153,027
147,149
Current assets
Stocks
10,538
8,399
Debtors
4
257,820
281,216
Cash at bank and in hand
85,585
14,342
353,943
303,957
Creditors: amounts falling due within one year
5
(455,997)
(479,697)
Net current liabilities
(102,054)
(175,740)
Total assets less current liabilities
50,973
(28,591)
Provisions for liabilities
(19,481)
(22,038)
Net assets/(liabilities)
31,492
(50,629)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
31,392
(50,729)
Total equity
31,492
(50,629)

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 November 2025 and are signed on its behalf by:
R A Gladwin
Director
Company registration number 08082303 (England and Wales)
GLADWIN BROTHERS ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Gladwin Brothers Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is Nutbourne Manor The Street, Nutbourne, Pulborough, West Sussex, RH20 2HE.

1.1
Accounting convention

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. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
over the remaining life of the lease
Plant and equipment
20%, 50%, 33% or 12.5% p.a straight line
Motor vehicles
25% p.a straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

GLADWIN BROTHERS ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

In respect of tax losses surrendered to and utilised by the company or surrendered by the company and utilised by other group companies, no tax charge or credit is recognised in the financial statements.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

GLADWIN BROTHERS ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

The company contributes to employee pension schemes for all qualifying employees. The pension cost charge represents contributions payable by the company to the schemes.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was nil (2024: nil).

The average monthly number of persons (including directors) engaged by the company, who are employed

directly by the parent company, Gladwin Holdings Ltd, was:

2025
2024
Number
Number
Total
26
24
GLADWIN BROTHERS ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2024
212,186
209,630
10,000
431,816
Additions
10,930
25,884
-
0
36,814
At 30 September 2025
223,116
235,514
10,000
468,630
Depreciation and impairment
At 1 October 2024
141,925
132,742
10,000
284,667
Depreciation charged in the year
11,120
19,816
-
0
30,936
At 30 September 2025
153,045
152,558
10,000
315,603
Carrying amount
At 30 September 2025
70,071
82,956
-
0
153,027
At 30 September 2024
70,261
76,888
-
0
147,149
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,504
1,882
Amounts owed by group undertakings
85,395
79,687
Other debtors
167,921
199,647
257,820
281,216
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
46,965
Trade creditors
41,578
86,072
Amounts owed to group undertakings
251,041
248,494
Taxation and social security
43,696
4,608
Other creditors
119,682
93,558
455,997
479,697
GLADWIN BROTHERS ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
6
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
6,155
3,228
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
1,272,825
1,328,384
GLADWIN BROTHERS ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
8
Prior period adjustment
Reconciliation of changes in equity
1 October
30 September
2023
2024
£
£
Adjustments to prior year
Loan interest accrued
-
50,000
Equity as previously reported
(27,125)
(100,629)
Equity as adjusted
(27,125)
(50,629)
Analysis of the effect upon equity
Profit and loss reserves
-
50,000
Reconciliation of changes in loss for the previous financial period
2024
£
Adjustments to prior year
Loan interest accrued
50,000
Loss as previously reported
(73,504)
Loss as adjusted
(23,504)
Notes to reconciliation

The prior period has been restated to correct the loan interest accrued.

9
Parent company

The company is 100% owned by Gladwin Holdings Ltd.

The ultimate controlling party is considered to be Mr Richard and Mr Oliver Gladwin who are jointly the ultimate beneficial owners of Gladwin Holdings Ltd.

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