Glinton Slade Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Glinton Slade Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01210185 . The registered office is Unit L, BPI House, Cores End Road, Bourne End, Buckinghamshire, SL8 5AS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% straight line basis
Computer Equipment	20% straight line basis

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Glinton Slade Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	65,296
Additions	15,525

As at 31 March 2025	80,821

Amortisation
As at 1 April 2024	9,613
Provided during the period	8,082

As at 31 March 2025	17,695

Net Book Value
As at 31 March 2025	63,126

As at 1 April 2024	55,683

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	16,724	15,678	32,402
Additions	-	3,891	3,891

As at 31 March 2025	16,724	19,569	36,293

Depreciation
As at 1 April 2024	10,929	6,884	17,813
Provided during the period	849	2,884	3,733

As at 31 March 2025	11,778	9,768	21,546

Net Book Value
As at 31 March 2025	4,946	9,801	14,747

As at 1 April 2024	5,795	8,794	14,589

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	-
Additions	50

As at 31 March 2025	50

Provision
As at 1 April 2024	-

As at 31 March 2025	-

...CONTINUED

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Glinton Slade Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	50

As at 1 April 2024	-

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	42,973	29,462
Amounts owed by group undertakings	54,500	7,000
Other debtors	58,389	4,613

	155,862	41,075

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,236	4,718
Amounts owed to participating interests	74,831	18,000
Other creditors	7,205	776
Taxation and social security	33,636	27,624

	124,908	51,118

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	30,295	35,628
Other creditors	124	6,130

	30,419	41,758

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

Francis Mary Ltd

A company partly under ownership of Mr John Shaw

Amount owed to Francis Mary Ltd as at 31 March 2025 was £55,000 (2024: nil)

Shawship Enterprises Ltd

Parent company

Amount owed by Shawship Enterprises as at 31 March 2025 was £219 (2024: £2,000)

Beech Tree Slade Ltd

A company partly owned by the same parent company

Amount owed by Beech Tree Slade Ltd as at 31 March 2025 was £54,500 (2024: £7,000)

Shawlocke Homes Ltd

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Glinton Slade Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

A company partly under ownership of Mr John Shaw and Mr Stephen Locke

Amount owed to Shawlocke Homes Ltd as at 31 March 2025 was £20,000 (2024: £20,000)

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		63,126		55,683
Tangible Assets	5		14,747		14,589
Investments	6		50		-

			77,923		70,272
CURRENT ASSETS
Debtors	7	155,862		41,075
Cash at bank and in hand		16,917		26,895

		172,779		67,970
Creditors: Amounts Falling Due Within One Year	8	(124,908 )		(51,118 )

NET CURRENT ASSETS (LIABILITIES)			47,871		16,852

TOTAL ASSETS LESS CURRENT LIABILITIES			125,794		87,124

Creditors: Amounts Falling Due After More Than One Year	9		(30,419 )		(41,758 )

NET ASSETS			95,375		45,366

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			95,275		45,266

SHAREHOLDERS' FUNDS			95,375		45,366