Company registration number 03832605 (England and Wales)
Glentrool Estates Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Pages For Filing With Registrar
GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
19,233,531
21,821,763
Current assets
Debtors
4
1,425,969
614,243
Cash at bank and in hand
150,738
96,878
1,576,707
711,121
Creditors: amounts falling due within one year
5
(11,632,984)
(14,048,371)
Net current liabilities
(10,056,277)
(13,337,250)
Total assets less current liabilities
9,177,254
8,484,513
Creditors: amounts falling due after more than one year
6
(6,299,823)
(4,943,922)
Provisions for liabilities
(2,305,000)
(2,108,000)
Net assets
572,431
1,432,591
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
7
571,431
1,431,591
Total equity
572,431
1,432,591
GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 17 November 2025 and are signed on its behalf by:
Ms K A Pannu
Director
Company Registration No. 03832605
GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Glentrool Estates Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Wells Promenade, Ilkley, LS29 9LF.

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 £1.

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

The ultimate parent company is Glentrool Land A nd Estates Limited. The registered office of Glentrool Land A nd Estates Limited is 8 Wells Promenade, Ilkley, LS29 9LF. The company and its parent comprise a small group and as such are exempt from preparing group accounts.

1.2
Going concern

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

1.3
Turnover

Turnover represents rents and service charges receivable net of VAT, which are recognised on an accrued basis over the period of tenancy.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
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. Bank overdrafts are shown within borrowings in current liabilities.

1.6
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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
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 using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, 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.

1.7
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.

1.8
Taxation

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

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.

GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2025
2024
Number
Number
Total
4
3
GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Investment property
2025
£
Fair value
At 1 April 2024
21,821,763
Additions
423,643
Disposals
(1,635,806)
Revaluations
(1,376,069)
At 31 March 2025
19,233,531

The investment properties were valued by the directors at the year end.

Investment property of £239,960 (202 4 - £714,500) is held under long term leases.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
15,528,132
16,579,481
Accumulated depreciation
(2,149,109)
(1,895,595)
Carrying amount
13,379,023
14,683,886

Land not depreciated as part of historic cost totals £179,916.

Investment propertie s totalling £18,993,571 (2024 - £21,107,263) are pledged as security against the bank loan shown in note 5.

All properties are pledged as security against a second floating charge as explained in note 5.

GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
210,899
97,847
Amounts owed by group undertakings
923,337
287,835
Other debtors
291,733
172,561
1,425,969
558,243
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
-
0
56,000
Total debtors
1,425,969
614,243
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,060
612,967
Trade creditors
23,991
161,666
Amounts owed to group undertakings
11,140,899
12,943,566
Taxation and social security
39,105
-
0
Other creditors
418,929
330,172
11,632,984
14,048,371

The bank loan is secured against the assets of the company, as explained in note 3. All assets of the company are further subject to a second charge in favour of Glentrool Land And Estates Limited, which is the immediate and ultimate parent company.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loan
6,299,823
4,943,922

The bank loan is secured against the assets of the company, as explained in note 3. All assets of the company are further subject to a second charge in favour of Glentrool Land And Estates Limited, which is the immediate and ultimate parent company.

GLENTROOL ESTATES GROUP LIMITED
Glentrool Estates Group Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
7
Profit and loss reserves

Included within retained profits are unrealised profits of £2,050,399 (20 2 4 - £3,708,282) which relate to cumulative fair value gains made on investment properties, net of deferred tax provided thereon. As these gains are unrealised they are not permitted to be distributed to shareholders.

8
Related party transactions

The company has taken advantage of the disclosure exemptions of Section 33.1A of FRS 102 which permit it to not present details of its transactions with members of the group headed by Glentrool Land And Estates Limited where relevant group companies are all wholly owned. Details of amounts outstanding as at the year end are given in note 5.

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