2024-06-01 2025-05-31 10197795 Glenvar Properties Ltd false 10197795 2024-06-01 2025-05-31 10197795 uk-bus:Director1 2024-06-01 2025-05-31 10197795 uk-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10197795 uk-bus:SmallEntities 2024-06-01 2025-05-31 10197795 uk-bus:FullAccounts 2024-06-01 2025-05-31 10197795 uk-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10197795 2024-06-01 10197795 2025-05-31 10197795 2024-05-31 xbrli:pure iso4217:GBP 10197795 2023-06-01 2024-05-31

Company Registration Number : 10197795 (England and Wales)
10197795
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-05-31
false
Glenvar Properties Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-06-01
Glenvar Properties Ltd Unaudited filleted financial statements For the year ended 31 May 2025

Glenvar Properties Ltd Contents For the year ended 31 May 2025

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 6

Glenvar Properties Ltd Company Information For the year ended 31 May 2025

Company registration number |  | 10197795 (England and Wales)
Directors |  | Fiona Sophia Gilchrist
|  | Conor Brian Gilchrist
Registered office address |  | 19 Cam Mead
|  | Aylesbury
|  | England
|  | HP21 7DZ
Accountant |  | Astonia Associates
|  | Chartered Management Accountants
|  | Dns House, 382 Kenton Road
|  | Harrow, Middlesex
|  | HA3 8DP

Glenvar Properties Ltd Statement of Financial Position For the year ended 31 May 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | - |  | 1,231
Investment Property |  |  | 1,110,000 |  | 1,110,000
| 5 |  | 1,110,000 |  | 1,111,231
Current assets |  |  |  |  |
Debtors |  |  | - |  | 17,526
Cash and cash equivalents |  |  | 5,312 |  | 21,182
|  |  | 5,312 |  | 38,708
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | (3,748) |  | (5,269)
|  |  | (3,748) |  | (5,269)
Net current assets/(liabilities) |  |  | 1,564 |  | 33,439
Total assets less current liabilities |  |  | 1,111,564 |  | 1,144,670
Non-current liabilities |  |  |  |  |
Creditors: Amounts falling due after more than one year |  |  | (1,064,797) |  | (1,027,535)
Provisions for liabilities |  |  | (28,827) |  | (28,827)
Net assets/(liabilities) |  |  | 17,940 |  | 88,308
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 200 |  | 1
Retained earnings |  |  | 17,740 |  | 88,307
Shareholder's funds |  |  | 17,940 |  | 88,308
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 March 2026
.............................
Fiona Sophia Gilchrist (Director)
Company registration number: 10197795

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-05-31 31 May 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 1,110,000 |  | 1,111,231
Current Assets |  |  |  | 5,312 |  | 38,708
Cash in Hand/Bank |  |  |  | 5,312 |  | 21,182
Creditors: amounts falling due within one year |  |  |  | (3,748) |  | (5,269)
Net current assets/(liabilities) |  |  |  | 1,564 |  | 33,439
Total assets less current liabilities |  |  |  | 1,111,564 |  | 1,144,670
CREDITORS: Amounts falling due more than one year |  |  |  | (1,064,797) |  | (1,027,535)
Provisions for liabilities |  |  |  | (28,827) |  | (28,827)
Net Assets/(liabilities) |  |  |  | 17,940 |  | 88,308
Capital and Reserves |  |  |  | 17,940 |  | 88,308
Called up share capital |  |  |  | 200 |  | 1
Profit and loss account |  |  |  | 17,740 |  | 88,307
SHAREHOLDER'S FUND |  |  |  | 17,940 |  | 88,308
For the year ending 31/05/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-05-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 11 March 2026 2026-03-11 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Fiona Sophia Gilchrist |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 10197795 |  |  |  |  |  |  |  |  |  |

Glenvar Properties Ltd Notes to the Financial Statements For the year ended 31 May 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 19 Cam Mead, Aylesbury, England, HP21 7DZ.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery |
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings | 33% straight line
Equipment |
Motor Cars |
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. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
(4) Employees
During the year, the average number of employees including director was 0 (2024 : 0).
(5) Fixed assets
| Tangible £ | Investments Property £ | Totals £
Cost |  |  |
As at 01 June 2024 | 4,882 | 1,110,000 | 1,114,882
As at 31 May 2025 | 4,882 | 1,110,000 | 1,114,882
Depreciation/Amortisation |  |  |
As at 01 June 2024 | 3,650 | - | 3,650
For the year | 1,231 | - | 1,231
As at 31 May 2025 | 4,881 | - | 4,881
Net book value |  |  |
As at 31 May 2025 | 1 | 1,110,000 | 1,110,001
As at 31 May 2024 | 1,232 | 1,110,000 | 1,111,232
(6) Investment Properties
These financial statements for the year ended 31 May 2025 are prepared in accordance with FRS 102 1a "The Financial reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at fair value under FRS 102 1a and no fair value gains or losses are reported in profit and loss account. FRS 102 1a also requires deferred tax to be accounted for on assets that are subject to revaluation. Consequently, no deferred tax was recognised at 31 May 2025.
(7) Creditors > 1 year (Mortgages)
The mortgage loans are secured on the properties.