Company registration number 10699549 (England and Wales)
Glentrool Land And Estates Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Pages For Filing With Registrar
GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
810,000
810,000
Investments
4
5,363,491
5,354,491
6,173,491
6,164,491
Current assets
Debtors falling due after more than one year
6
25,874,417
25,875,907
Debtors falling due within one year
6
12,677,418
13,619,870
Cash at bank and in hand
34,931
40,788
38,586,766
39,536,565
Creditors: amounts falling due within one year
7
(480,490)
(891,921)
Net current assets
38,106,276
38,644,644
Total assets less current liabilities
44,279,767
44,809,135
Creditors: amounts falling due after more than one year
8
(1,323,852)
(1,662,420)
Net assets
42,955,915
43,146,715
Capital and reserves
Called up share capital
30,000,000
30,000,000
Profit and loss reserves
12,955,915
13,146,715
Total equity
42,955,915
43,146,715
GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates 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. 10699549
GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Glentrool Land and Estates 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 investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

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
Other operating income

Revenue relates to income arising from rental contracts which is recognised on a straight line basis over the lifetime of the agreement.

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. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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. Bank overdrafts are shown within borrowings in current liabilities.

GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
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.

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.

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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

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

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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
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.

GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2
Employees

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

2025
2024
Number
Number
Total
3
3
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
810,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by DE Commercial Ltd on 14 September 2023.

The investment property is let to a subsidiary company, Glentrool Asset Management Limited, under an operating lease arrangement. The unadjusted head rental income is £34,000 per annum, subject to periodic rent reviews, with the lease expiring on 2 December 2030.

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
725,982
725,982
Accumulated depreciation
(71,312)
(62,441)
Carrying amount
654,670
663,541

Land not depreciated as part of historic cost totals £220,000.

GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
10,510
3,000
Loans to group undertakings and participating interests
5,352,981
5,351,491
5,363,491
5,354,491
Movements in fixed asset investments
Shares in subsidiaries
Loans to subsidiaries
Total
£
£
£
Cost or valuation
At 1 April 2024
3,000
5,351,491
5,354,491
Additions
7,510
-
7,510
Valuation changes
-
1,490
1,490
At 31 March 2025
10,510
5,352,981
5,363,491
Carrying amount
At 31 March 2025
10,510
5,352,981
5,363,491
At 31 March 2024
3,000
5,351,491
5,354,491
GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
5
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Glentrool Asset Management Limited
England and Wales
Ordinary
100.00
-
Glentrool Estates Group Limited
England and Wales
Ordinary
100.00
-
Glentrool Land & Developments Limited
England and Wales
Ordinary
100.00
-
Glentrool Capital and Finance Limited
England and Wales
Ordinary
0
100.00
Glentrool Land (Sherburn2) Limited
England and Wales
Ordinary
0
100.00
Glentrool Developments (No.1) Limited
England and Wales
Ordinary
0
100.00
Yorkstone Asset Development Management Limited
England and Wales
Ordinary
0
75.10
Glentrool Developments (No.3) Limited
England and Wales
Ordinary
0
100.00
Bishopdyke Estates (No.1) LLP
England and Wales
LLP
0
100.00
Bishopdyke Estates (No.2) LLP
England and Wales
LLP
0
100.00
Sherburn 2 Estate Management Limited
England and Wales
Guarantor
0
100.00
Associated Transport Services Limited
England and Wales
Ordinary
0
100.00
Yorkshire Autodrome Limited
England and Wales
Ordinary
0
100.00
Yorkstone Developments Limited
England and Wales
Ordinary
75.10
-
Yorkstone Morley Limited
England and Wales
Ordinary
0
75.10
Yorkstone Homes Limited
England and Wales
Ordinary
0
75.10

The registered office of the above-named entities are all the same as for this company.

The company has first legal charge over the assets held by its subsidiaries - Glentrool Asset Management Limited, Glentrool Land And Developments Limited, Glentrool Land (Sherburn2) Limited and Glentrool Capital And Finance Limited and second legal charge over assets held by subsidiary Glentrool Estates Group Limited.

GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,000
3,000
Amounts owed by group undertakings
12,674,418
13,616,354
Other debtors
-
0
516
12,677,418
13,619,870
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
25,874,417
25,875,907
Total debtors
38,551,835
39,495,777
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,070
18
Taxation and social security
103
-
0
Other creditors
478,317
891,903
480,490
891,921
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,323,852
1,662,420
9
Events after the reporting date

At 31 March 2025, the company had made loans of £369,150 to Yorkstone Developments Limited and £513,829 to Yorkstone Asset Development Management Limited. Subsequent to 31 March 2025 it was established that these loans were irrecoverable and they have been written off.

GLENTROOL LAND AND ESTATES LIMITED
Glentrool Land And Estates Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
10
Related party transactions
Other information

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 the company where relevant group companies are all wholly owned.

The company has received loans from two directors, with amounts outstanding at the balance sheet date totalling £1,366,852 (20 2 4 - £2,032,790). This amount is interest free and £375,000 (20 2 4 - £770,370) is included within other creditors less than one year and the remaining £991,852 (20 2 4 - £1,262,420) is included within other creditors greater than one year.

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