Glengarnet Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06592956

Glengarnet Ltd

Filleted Unaudited Financial Statements

31 March 2025

Glengarnet Ltd

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Current assets

Cash at bank and in hand	9,781		11,669

Creditors: amounts falling due within one year	6	( 8,248)		( 9,753)
		-------		---------
Net current assets			1,533	1,916
			-------	-------
Total assets less current liabilities			1,533	1,916
			-------	-------
Net assets			1,533	1,916
			-------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	1,531	1,914
	-------	-------
Shareholders funds	1,533	1,916
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 December 2025 , and are signed on behalf of the board by:

Mr J M Meyer

Director

Company registration number: 06592956

Glengarnet Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Brampton Grove, Hendon, London, NW4 4AE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	10% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Fair value
At 1 April 2024 and 31 March 2025	3,000	3,000
	-------	-------
Depreciation
At 1 April 2024 and 31 March 2025	3,000	3,000
	-------	-------
Carrying amount
At 31 March 2025	–	–
	-------	-------
At 31 March 2024	–	–
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	2,122	347
Social security and other taxes	1,430	1,230
Other creditors	4,696	8,176
	-------	-------
	8,248	9,753
	-------	-------