REGISTERED NUMBER: 02196798 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GLANVILLE PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Seymour

Mr M P Horrocks

SECRETARY:

Mrs C Horrocks

REGISTERED OFFICE:

104 Ock Street

Abingdon

Oxfordshire

OX14 5DH

REGISTERED NUMBER:

02196798 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

FIXED ASSETS

Tangible assets

5

8,289

3,984

CURRENT ASSETS

Debtors

6

977,325

1,202,383

Cash at bank and in hand

292,751

409,058

1,270,076

1,611,441

CREDITORS

Amounts falling due within one year

7

278,363

343,883

NET CURRENT ASSETS

991,713

1,267,558

TOTAL ASSETS LESS CURRENT LIABILITIES

1,000,002

1,271,542

PROVISIONS FOR LIABILITIES

8

2,072

996

NET ASSETS

997,930

1,270,546

CAPITAL AND RESERVES

Called up share capital

9

96

96

Share premium

19,976

19,976

Capital redemption reserve

228

228

Retained earnings

977,630

1,250,246

SHAREHOLDERS' FUNDS

997,930

1,270,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 27 December 2025 and were signed on its behalf by:

Mr R J Seymour - Director

1.	STATUTORY INFORMATION

Glanville Projects Limited 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.

The financial statements are presented in pound sterling (£), which is the functional currency of the company and rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity. Specific criteria must also have been met for each of the companies activities.

Tangible fixed assets

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

IT & tech equipment

-

33% on cost

Fixtures and fittings

-

15% on reducing balance

Site assets

-

25% 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 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

IT & tech

and

Site

equipment

fittings

assets

Totals

£

£

£

£

COST

At 1 April 2024

59,843

8,317

9,312

77,472

Additions

7,764

198

-

7,962

Disposals

-

(89

)

-

(89

)

At 31 March 2025

67,607

8,426

9,312

85,345

DEPRECIATION

At 1 April 2024

56,937

7,239

9,312

73,488

Charge for year

3,454

183

-

3,637

Eliminated on disposal

-

(69

)

-

(69

)

At 31 March 2025

60,391

7,353

9,312

77,056

NET BOOK VALUE

At 31 March 2025

7,216

1,073

-

8,289

At 31 March 2024

2,906

1,078

-

3,984

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

205,754

252,828

Amounts owed by group undertakings

741,780

917,443

Prepayments

29,791

32,112

977,325

1,202,383

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

47,776

37,115

Tax

102,953

200,417

Social security and other taxes

8,507

12,842

VAT

27,296

44,069

Other creditors

3,423

6,660

Directors' current accounts

26,080

32,679

Accrued expenses

62,328

10,101

278,363

343,883

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

2,072

996

Deferred

tax

£

Balance at 1 April 2024

996

Provided during year

1,076

Balance at 31 March 2025

2,072

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

96

Ordinary shares

£1

96

96

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Glanville Projects Holdings Limited, incorporated in the United Kingdom, which is controlled by no individual shareholder or director.