REGISTERED NUMBER: 08321024 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Glennonston Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms Karen Marie Riozzi

Miss Stephanie Maria Glennon

REGISTERED OFFICE:

Suite 4102 Charlotte House

Queens Dock Business Centre

Norfolk Street

Liverpool

Merseyside

L1 0BG

REGISTERED NUMBER:

08321024 (England and Wales)

ACCOUNTANTS:

DBS Corporate Accountants

Suite 4102, Charlotte House

Queens Dock Business Centre

67-83 Norfolk Street

Liverpool

Merseyside

L1 0BG

FIXED ASSETS

Tangible assets

4

751,129

750,969

CURRENT ASSETS

Debtors

5

17,977

11,725

Cash at bank

46,374

34,548

64,351

46,273

CREDITORS

Amounts falling due within one year

6

471,847

461,281

NET CURRENT LIABILITIES

(407,496

)

(415,008

)

TOTAL ASSETS LESS CURRENT LIABILITIES

343,633

335,961

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

343,533

335,861

343,633

335,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 15 December 2025 and were signed on its behalf by:

Mr Stephen Glennon - Director

Miss Jacqueline Whitby - Director

Ms Karen Marie Riozzi - Director

Miss Stephanie Maria Glennon - Director

Mr James Glennon - Director

Mr Philip Glennon - Director

1.	STATUTORY INFORMATION

Glennonston Properties Ltd 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.

Turnover

Turnover is measured at the fair value of the amounts derived from the services provided by the company falling within its ordinary activities, 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

-

20% on cost

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

750,969

-

750,969

Additions

-

200

200

At 31 December 2024

750,969

200

751,169

DEPRECIATION

Charge for year

-

40

40

At 31 December 2024

-

40

40

NET BOOK VALUE

At 31 December 2024

750,969

160

751,129

At 31 December 2023

750,969

-

750,969

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

6,252

-

Other debtors

11,725

11,725

17,977

11,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

50,000

50,000

Taxation and social security

1,809

11,582

Other creditors

420,038

399,699

471,847

461,281

7.	OTHER DISCLOSURES

The accounts have been submitted under protest as one or more of the directors dispute the detailed breakdown of the amounts stated as "Other Creditors" within the accounts.