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REGISTERED NUMBER: 04176532 (England and Wales)

GLEVUM COMMERCIALS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

GLEVUM COMMERCIALS LIMITED (REGISTERED NUMBER: 04176532) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

| Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |  | to |  | 3

| Notes to the Financial Statements | 4 |  | to |  | 7

| GLEVUM COMMERCIALS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTOR: | Mr D M Lindsey

| REGISTERED OFFICE: | Chelworth Lodge

| Chelworth

| Cricklade

| SWINDON

| Wiltshire

| SN6 6HB

| REGISTERED NUMBER: | 04176532 (England and Wales)

| ACCOUNTANTS: | Morris Owen

| Chartered Accountants

| 43-45 Devizes Road

| SWINDON

| Wiltshire

| SN1 4BG

| BANKERS: | Nat West Bank Plc

| 24-30 The Parade

| SWINDON

| Wiltshire

| SN1 1BA

GLEVUM COMMERCIALS LIMITED (REGISTERED NUMBER: 04176532) |

STATEMENT OF FINANCIAL POSITION

31ST MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 754,835 |  | 762,976 |  |

CURRENT ASSETS

Inventories | 1,000 |  | - |  |

Debtors | 5 | 685,733 |  | 698,365 |  |

Cash at bank | 515,287 |  | 397,410 |  |

1,202,020 |  | 1,095,775 |  |

CREDITORS

Amounts falling due within one year | 6 | 184,205 |  | 159,674 |  |

NET CURRENT ASSETS | 1,017,815 |  | 936,101 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,772,650 |  | 1,699,077 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (136,843 | ) | (154,565 | ) |

PROVISIONS FOR LIABILITIES | (26,646 | ) | (28,597 | ) |

NET ASSETS | 1,609,161 |  | 1,515,915 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | 1,609,160 |  | 1,515,914 |  |

SHAREHOLDERS' FUNDS | 1,609,161 |  | 1,515,915 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GLEVUM COMMERCIALS LIMITED (REGISTERED NUMBER: 04176532) |

STATEMENT OF FINANCIAL POSITION - continued

31ST MARCH 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th November 2025 and were signed by:

Mr D M Lindsey - Director

GLEVUM COMMERCIALS LIMITED (REGISTERED NUMBER: 04176532) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| The company is a private company limited by shares and incorporated in England and Wales.

| The registered office address is Chelworth Lodge, Chelworth, Cricklade, Swindon, Wiltshire, SN6 6HB.

| These financial statements are presented in British Pounds (GBP) rounded to the nearest pound, which is the company's functional and presentational currency.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

| Significant judgements and estimates

| In preparing these financial statements, the directors have made the following judgements:

| - Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

| - Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

| - Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

| - Determine an appropriate provision for obsolete and slow moving stocks by assessing the net realisable value of all stock lines on a line by line basis.

| - Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

| Turnover

| Turnover represents net invoiced sale of goods and services, excluding value added tax.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Plant and machinery | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

GLEVUM COMMERCIALS LIMITED (REGISTERED NUMBER: 04176532) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 9 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st April 2024 | 642,929 |  | 219,887 |  | 862,816 |  |

| Additions | - |  | 18,643 |  | 18,643 |  |

| At 31st March 2025 | 642,929 |  | 238,530 |  | 881,459 |  |

| DEPRECIATION

| At 1st April 2024 | - |  | 99,840 |  | 99,840 |  |

| Charge for year | - |  | 26,784 |  | 26,784 |  |

| At 31st March 2025 | - |  | 126,624 |  | 126,624 |  |

| NET BOOK VALUE

| At 31st March 2025 | 642,929 |  | 111,906 |  | 754,835 |  |

| At 31st March 2024 | 642,929 |  | 120,047 |  | 762,976 |  |

GLEVUM COMMERCIALS LIMITED (REGISTERED NUMBER: 04176532) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 168,521 |  | 113,766 |  |

| Amounts recoverable on contract | 116,123 |  | 100,524 |  |

| Other debtors | 378,493 |  | 461,479 |  |

663,137 |  | 675,769 |  |

| Amounts falling due after more than one year:

| Other debtors | 22,596 |  | 22,596 |  |

| Aggregate amounts | 685,733 |  | 698,365 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 31,823 |  | 32,499 |  |

| Trade creditors | 23,547 |  | 22,445 |  |

| Taxation and social security | 117,676 |  | 93,942 |  |

| Other creditors | 11,159 |  | 10,788 |  |

184,205 |  | 159,674 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 136,843 |  | 154,565 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 168,666 |  | 187,064 |  |

| The bank loan is a legal mortgage secured on Painscott, Callow Hill, Brinkworth, Chippenham, Wiltshire and by way of fixed charge over the Company's assets.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

GLEVUM COMMERCIALS LIMITED (REGISTERED NUMBER: 04176532) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025 | 2024 |

£ | £ |

| Mr D M Lindsey

| Balance outstanding at start of year | 108,030 |  | 226,763 |  |

| Amounts advanced | 23,719 |  | 21,267 |  |

| Amounts repaid | (108,030 | ) | (140,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 23,719 |  | 108,030 |  |