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Registered number: 01366895
Glenvarloch Estates Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
SKRG Consultants Limited
Chartered Certified Accountants
67 Rugby Road
Clifton Upon Dunsmore
CV23 0DE
Glenvarloch Estates Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Glenvarloch Estates Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 01366895

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,535,388 |  | 1,473,011
Investments | 5 |  | 1 |  | 1
|  |  | 1,535,389 |  | 1,473,012
CURRENT ASSETS
Debtors | 6 | 356,492 |  | 360,382 |
Cash at bank and in hand |  | 166,167 |  | 152,617 |
|  | 522,659 |  | 512,999 |
Creditors: Amounts Falling Due Within One Year | 7 | (604,148 ) |  | (609,429 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (81,489 ) |  | (96,430 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,453,900 |  | 1,376,582
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (36,096 ) |  | -
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (125,275 ) |  | (114,968 )
NET ASSETS |  |  | 1,292,529 |  | 1,261,614
CAPITAL AND RESERVES
Called up share capital | 10 |  | 3,081 |  | 3,081
Share premium account |  |  | 643,029 |  | 643,029
Fair value reserve |  |  | 493,743 |  | 480,243
Profit and Loss Account |  |  | 152,676 |  | 135,261
SHAREHOLDERS' FUNDS |  |  | 1,292,529 |  | 1,261,614

Page 1
Page 2
Glenvarloch Estates Limited
Balance Sheet (continued)
As At 30 April 2025
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Duncan Loudon Barry Director
22/01/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Glenvarloch Estates Limited
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Glenvarloch Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01366895 . The registered office is 159 , Railway Terrace, Rugby, Warwickshire, CV21 3HQ.
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. 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:

Plant & Machinery | 25% on reducing balance
Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance

2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset.
Investment properties are revalued to fair value in accordance with either a valuation from a qualified surveyor or the directors opinion of the properties' fair value. The fair value is reassessed annually and the financial statements updated accordingly. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Glenvarloch Estates Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets

| Investment Properties | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost or Valuation
As at 1 May 2024 | 1,470,000 | 306 | 559 | 6,231 | 1,477,096
Additions | - | - | 51,790 | 999 | 52,789
Revaluation | 18,000 | - | - | - | 18,000
As at 30 April 2025 | 1,488,000 | 306 | 52,349 | 7,230 | 1,547,885
Depreciation
As at 1 May 2024 | - | 275 | 329 | 3,481 | 4,085
Provided during the period | - | 8 | 7,578 | 826 | 8,412
As at 30 April 2025 | - | 283 | 7,907 | 4,307 | 12,497
Net Book Value
As at 30 April 2025 | 1,488,000 | 23 | 44,442 | 2,923 | 1,535,388
As at 1 May 2024 | 1,470,000 | 31 | 230 | 2,750 | 1,473,011

It is the opinion of the director that the investment property is stated at its fair value. A review of market valuations and rental yields has been undertaken to confirm the valuation represents a fair value.
Cost or valuation as at 30 April 2025 represented by:

| Investment Properties | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
At cost | 1,488,000 | 306 | 52,349 | 7,230 | 1,547,885
| 1,488,000 | 306 | 52,349 | 7,230 | 1,547,885

If investment properties had not been revalued it would have been included at the following historical cost:
2025 - £875,542
2024 - £875,542
5. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 May 2024 | 1
As at 30 April 2025 | 1
Provision
As at 1 May 2024 | -
As at 30 April 2025 | -

...CONTINUED
Page 4
Page 5
Glenvarloch Estates Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025

Net Book Value
As at 30 April 2025 | 1
As at 1 May 2024 | 1

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 151 |  | 2,541
Prepayments and accrued income | 1,357 |  | 2,857
Other debtors | 354,984 |  | 354,984
| 356,492 |  | 360,382

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 7,701 |  | -
Trade creditors | 796 |  | 1,988
Corporation tax | - |  | 8,693
Other taxes and social security | 532 |  | 1,786
VAT | 1,511 |  | 1,630
Other creditors | - |  | 1,640
Accruals and deferred income | 586,856 |  | 587,632
Director's loan account | 6,752 |  | 6,060
| 604,148 |  | 609,429

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 36,096 |  | -

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 7,701 |  | -
Later than one year and not later than five years | 36,096 |  | -
| 43,797 |  | -
| 43,797 |  | -

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 3,081 |  | 3,081

Page 5