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REGISTERED NUMBER: 08548464 (England and Wales)

GLEN PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

GLEN PROPERTIES LIMITED (REGISTERED NUMBER: 08548464)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

GLEN PROPERTIES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | M F Cox FCA BSc

| C F Cox

| SECRETARY: | M F Cox FCA BSc

| REGISTERED OFFICE: | c/o Cox Costello & Horne

| Batchworth Lock House

| 99 Church Street

| Rickmansworth

| WD3 1JJ

| REGISTERED NUMBER: | 08548464 (England and Wales)

| ACCOUNTANTS: | Cox Costello & Horne

| Chartered Accountants and Tax Advisors

| Batchworth Lock House

| 99 Church Street, Rickmansworth

| WD3 1JJ

GLEN PROPERTIES LIMITED (REGISTERED NUMBER: 08548464)

BALANCE SHEET

31 MAY 2025

31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Investment property | 4 | 825,833 |  | 760,000 |  |

CURRENT ASSETS

Debtors | 5 | 30,000 |  | - |  |

Cash at bank | 8,163 |  | 30,954 |  |

38,163 |  | 30,954 |  |

CREDITORS

Amounts falling due within one year | 6 | 228,413 |  | 237,305 |  |

NET CURRENT LIABILITIES | (190,250 | ) | (206,351 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 635,583 |  | 553,649 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (513,667 | ) | (463,667 | ) |

PROVISIONS FOR LIABILITIES | (3,187 | ) | - |  |

NET ASSETS | 118,729 |  | 89,982 |  |

CAPITAL AND RESERVES

Called up share capital | 20,000 |  | 20,000 |  |

Retained earnings | 98,729 |  | 69,982 |  |

SHAREHOLDERS' FUNDS | 118,729 |  | 89,982 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2026 and were signed on its behalf by:

M F Cox FCA BSc - Director

GLEN PROPERTIES LIMITED (REGISTERED NUMBER: 08548464)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Glen Properties 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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. The financial statements have been prepared under the historical cost convention.

| Going concern

| The company meets its day-to-day working capital requirements through its bank facility. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Turnover

| Turnover includes rental income from investment property.

| Rental income from operating leases is recognised on a straight-line basis over the lease term. When the company provides incentives to its tenants, the cost of incentives is recognised over the lease term, on a straight-line basis, as a reduction of rental income.

| Investment property

| Investment property is property held for long-term rental yields or for capital appreciation or both, and not held for the social benefit or for use in the business. Investment property is measured at cost, including related transaction costs, on initial recognition and subsequently at fair value as at the year end, with changes in fair value recognised in profit and loss. Subsequent expenditure is capitalised to the asset's carrying value only when it is probable that future economic benefits associated with the expenditure will flow to the company. All other repairs and maintenance costs are expensed when incurred. Fair value is determined by either independent professional third party valuers or company officers, such as the directors. Depreciation is not provided in respect of the investment properties. Fair value of investment property reflects, among other things, rental income from current leases and other assumptions market participants would make when pricing the property under current market conditions.

| Financial instruments

| a) Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| b) Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| c) Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| d) Interest income

| Interest income is recognised in profit or loss using the effective interest method.

GLEN PROPERTIES LIMITED (REGISTERED NUMBER: 08548464)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| The tax expense for the year comprises current and deferred tax.

| Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

| - |  | the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and |  |

| - |  | any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. |  |

| Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 June 2024 | 760,000 |  |

| Additions | 65,833 |  |

| At 31 May 2025 | 825,833 |  |

| NET BOOK VALUE

| At 31 May 2025 | 825,833 |  |

| At 31 May 2024 | 760,000 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.5.25 | 31.5.24 |

| £ | £

| Other debtors | 30,000 |  | - |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.5.25 | 31.5.24 |

| £ | £

| Trade creditors | (1 | ) | - |  |

| Taxation and social security | 4,786 |  | 786 |  |

| Other creditors | 223,628 |  | 236,519 |  |

228,413 |  | 237,305 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

31.5.25 | 31.5.24 |

| £ | £

| Other creditors | 513,667 |  | 463,667 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 513,667 |  | 463,667 |  |

GLEN PROPERTIES LIMITED (REGISTERED NUMBER: 08548464)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

8. | ULTIMATE CONTROLLING PARTY

| The directors consider there is no single ultimate controlling party.