REGISTERED NUMBER: 02658108 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Gladnor Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Hensher

Mrs J Hensher

REGISTERED OFFICE:

Unit 11 Hornet Close

Pysons Road Industrial Estate

Broadstairs

Kent

CT10 2YD

REGISTERED NUMBER:

02658108 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

4

187

220

Investments

5

2,120,950

-

Investment property

6

530,000

800,000

2,651,137

800,220

CURRENT ASSETS

Debtors

7

156

150

Cash at bank

11,666

25,957

11,822

26,107

CREDITORS

Amounts falling due within one year

8

1,041,325

120,876

NET CURRENT LIABILITIES

(1,029,503

)

(94,769

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,621,634

705,451

CREDITORS

Amounts falling due after more than one year

9

2,360

(45,990

)

PROVISIONS FOR LIABILITIES

(27,262

)

(27,262

)

NET ASSETS

1,596,732

632,199

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

10

341,125

341,125

Retained earnings

1,255,605

291,072

SHAREHOLDERS' FUNDS

1,596,732

632,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

N Hensher - Director

1.	STATUTORY INFORMATION

Gladnor Estates 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.	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.

Going Concern

The company's day to day working capital is met through a loan account with the directors. The directors have given their undertaking not to draw down on the loan to the detriment of the company and the directors therefore considers it appropriate to prepare the financial statements on a going concern basis.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of this, which might have otherwise been charged, cannot be separately identified or quantified.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

3,484

DEPRECIATION

At 1 May 2024

3,264

Charge for year

33

At 30 April 2025

3,297

NET BOOK VALUE

At 30 April 2025

187

At 30 April 2024

220

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Flagstone Investments

2,120,950

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

800,000

Disposals

(270,000

)

At 30 April 2025

530,000

NET BOOK VALUE

At 30 April 2025

530,000

At 30 April 2024

800,000

The valuation of the investment properties was made on 30 April 2022 by the directors on an open market basis. The historical cost of the properties is £800,000 (2021: £656,515).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

156

150

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

1,530

Taxation and social security

1,038,137

1,755

Other creditors

3,188

117,591

1,041,325

120,876

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

(2,360

)

45,990

10.

RESERVES

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

341,125

11.	RELATED PARTY DISCLOSURES

Two of the directors of Gladnor Estates Limited are also directors and shareholders of Priory Self Store Limited and Priory Property Investment Company Ltd. At the year end the Company owed £2,000 (2024 £40,150) to Priory Self Store Limited & £Nil ( 2024 - £5,840 to Priory Property Investment Company Ltd.