Company registration number 06700631 (England and Wales)
GLINSMAN WELLER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GLINSMAN WELLER LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
GLINSMAN WELLER LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
1,129
1,843
Current assets
Trade and other receivables
4
6,604
25,374
Cash and cash equivalents
68,939
87,517
75,543
112,891
Current liabilities
5
(41,788)
(57,958)
Net current assets
33,755
54,933
Total assets less current liabilities
34,884
56,776
Non-current liabilities
6
-
0
(10,908)
Net assets
34,884
45,868
Equity
Called up share capital
7
100
100
Retained earnings
34,784
45,768
Total equity
34,884
45,868

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 6 February 2026
Mr R H Weller
Director
Company registration number 06700631 (England and Wales)
GLINSMAN WELLER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Glinsman Weller Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5th Floor, 3 Dorset Rise, London, EC4Y 8EN.

The business address is 11 Golden Square, London, W1F 9JB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director ha s a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continue s to adopt the going concern basis of accounting in preparing the financial statements.

However, the director accepts that the current, exceptional and ever changing, economic climate will present challenges to the company and there remains uncertainty as to how this will affect the results of the company for the forthcoming financial year. Notwithstanding this, the company has sufficient financial and cash resources to help withstand the challenging period ahead.

1.3
Revenue

Turnover represents amounts receivable for services provided net of VAT. Turnover is recognised in the period when the company becomes contractually entitled to payment.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Computer equipment
25% reducing balance
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

GLINSMAN WELLER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2024 - 1).

GLINSMAN WELLER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
3
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 October 2024
6,517
Disposals
(3,103)
At 30 September 2025
3,414
Depreciation and impairment
At 1 October 2024
4,674
Depreciation charged in the year
461
Eliminated in respect of disposals
(2,850)
At 30 September 2025
2,285
Carrying amount
At 30 September 2025
1,129
At 30 September 2024
1,843
4
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
6,000
24,750
Other receivables
604
624
6,604
25,374
5
Current liabilities
2025
2024
£
£
Bank loans
10,507
9,845
Corporation tax
12,876
35,329
Other taxation and social security
11,209
9,684
Other payables
7,196
3,100
41,788
57,958

GLINSMAN WELLER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
6
Non-current liabilities
2025
2024
£
£
Bank loans and overdrafts
-
0
10,908
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments on an electric vehicle under operating leases, which has a fixed 40% penalty on cancellation before the term ends. The total commitment is as follows:

2025
2024
£
£
Within one year
6,493
6,172
Between two and five years
10,821
-
0
17,314
6,172
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