Company registration number 00986342 (England and Wales)
GLAWOOD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
GLAWOOD LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
GLAWOOD LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GLAWOOD LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Glawood Limited for the year ended 31 March 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given 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 https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Glawood Limited, as a body, in accordance with the terms of our engagement letter dated 4 August 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Glawood Limited and state those matters that we have agreed to state to the b oard of d irectors of Glawood 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 Glawood Limited and its b oard of d irectors as a body, for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Glawood 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 statutory f inancial statements.

Carpenter Box
20 November 2025
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
GLAWOOD LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
47,455
52,054
Investment property
4
106,810
106,810
154,265
158,864
Current assets
Debtors
5
29,821
29,052
Cash at bank and in hand
208,639
206,919
238,460
235,971
Creditors: amounts falling due within one year
6
(135,026)
(135,123)
Net current assets
103,434
100,848
Total assets less current liabilities
257,699
259,712
Provisions for liabilities
(28,800)
(29,700)
Net assets
228,899
230,012
Capital and reserves
Called up share capital
7
9,903
9,903
Revaluation reserve
8
93,263
93,263
Profit and loss reserves
125,733
126,846
Total equity
228,899
230,012

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.

GLAWOOD LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 20 November 2025 and are signed on its behalf by:
Mrs K E Ransom
Director
Company registration number 00986342 (England and Wales)
GLAWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Glawood Limited is a private company limited by shares incorporated in England and Wales. The registered office is 50 Crabtree Lane, Lancing, West Sussex, BN15 9PJ.

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, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors ha true ve a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company’s principal risks and uncertainties, and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

1.3
Turnover

Turnover is recognised at the fair value of rents receivable, and is shown net of VAT and other sales related taxes.

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 improvements
3% straight line basis
Fixtures and fittings
10% straight line basis and 33% diminishing balance basis

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
Investment properties

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.

GLAWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
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.

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.

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.

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.

Current tax

The tax currently payable is based on taxable profit for the year.

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.

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.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

GLAWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
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.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons employed by the company during the year was 1 (2024 - 1).

3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
26,989
162,154
189,143
Depreciation and impairment
At 1 April 2024
498
136,591
137,089
Depreciation charged in the year
810
3,789
4,599
At 31 March 2025
1,308
140,380
141,688
Carrying amount
At 31 March 2025
25,681
21,774
47,455
At 31 March 2024
26,491
25,563
52,054
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
106,810

Investment property comprises freehold reversions. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

GLAWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
7,162
5,199
Other debtors
22,659
23,853
29,821
29,052
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
710
110
Other creditors
134,316
135,013
135,026
135,123
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
2,200
2,200
2,200
2,200
Ordinary B shares of £1 each
2,200
2,200
2,200
2,200
Ordinary C shares of £1 each
5,503
5,503
5,503
5,503
9,903
9,903
9,903
9,903
8
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
93,263
93,263

The revaluation reserve reflects the uplift in fair value of the investment property and is considered non-distributable.

GLAWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
9
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Directors loan
-
-
9,609
9,609
-
9,609
9,609
2025-03-31 2024-04-01 false false false 20 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr B M Dodd Mr R Howes Mrs K Ransom 1 1 00986342 2024-04-01 2025-03-31 00986342 2025-03-31 00986342 2024-03-31 00986342 core:LeaseholdImprovements 2025-03-31 00986342 core:FurnitureFittings 2025-03-31 00986342 core:LeaseholdImprovements 2024-03-31 00986342 core:FurnitureFittings 2024-03-31 00986342 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00986342 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00986342 core:CurrentFinancialInstruments 2025-03-31 00986342 core:CurrentFinancialInstruments 2024-03-31 00986342 core:ShareCapital 2025-03-31 00986342 core:ShareCapital 2024-03-31 00986342 core:RevaluationReserve 2025-03-31 00986342 core:RevaluationReserve 2024-03-31 00986342 core:RetainedEarningsAccumulatedLosses 2025-03-31 00986342 core:RetainedEarningsAccumulatedLosses 2024-03-31 00986342 core:ShareCapitalOrdinaryShareClass2 2025-03-31 00986342 core:ShareCapitalOrdinaryShareClass2 2024-03-31 00986342 core:ShareCapitalOrdinaryShareClass3 2025-03-31 00986342 core:ShareCapitalOrdinaryShareClass3 2024-03-31 00986342 core:ShareCapitalOrdinaryShareClass4 2025-03-31 00986342 core:ShareCapitalOrdinaryShareClass4 2024-03-31 00986342 core:ShareCapitalOrdinaryShares 2025-03-31 00986342 core:ShareCapitalOrdinaryShares 2024-03-31 00986342 bus:Director3 2024-04-01 2025-03-31 00986342 core:LeaseholdImprovements 2024-04-01 2025-03-31 00986342 core:FurnitureFittings 2024-04-01 2025-03-31 00986342 core:LeaseholdImprovements 2024-03-31 00986342 core:FurnitureFittings 2024-03-31 00986342 2024-03-31 00986342 core:WithinOneYear 2025-03-31 00986342 core:WithinOneYear 2024-03-31 00986342 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 00986342 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 00986342 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 00986342 bus:OrdinaryShareClass2 2025-03-31 00986342 bus:OrdinaryShareClass2 2024-03-31 00986342 bus:OrdinaryShareClass3 2025-03-31 00986342 bus:OrdinaryShareClass3 2024-03-31 00986342 bus:OrdinaryShareClass4 2025-03-31 00986342 bus:OrdinaryShareClass4 2024-03-31 00986342 bus:AllOrdinaryShares 2025-03-31 00986342 bus:AllOrdinaryShares 2024-03-31 00986342 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00986342 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00986342 bus:FRS102 2024-04-01 2025-03-31 00986342 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00986342 bus:Director1 2024-04-01 2025-03-31 00986342 bus:Director2 2024-04-01 2025-03-31 00986342 bus:FullAccounts 2024-04-01 2025-03-31 00986342 2023-04-01 2024-03-31 xbrli:pure xbrli:shares iso4217:GBP