REGISTERED NUMBER: 09937149 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

GLEBE PROPERTY SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A J Hall

S A Hall

M A Hall

REGISTERED OFFICE:

Fourth Floor St. James House

St James' Square

Cheltenham

GL50 3PR

REGISTERED NUMBER:

09937149 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

133,014

129,256

Investment property

5

2,625,000

2,250,000

2,758,014

2,379,256

CURRENT ASSETS

Debtors

6

5,089

-

Cash at bank

12,836

33,561

17,925

33,561

CREDITORS

Amounts falling due within one year

7

60,050

81,583

NET CURRENT LIABILITIES

(42,125

)

(48,022

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,715,889

2,331,234

CREDITORS

Amounts falling due after more than one year

8

(2,367,032

)

(1,984,611

)

PROVISIONS FOR LIABILITIES

(88,736

)

(88,683

)

NET ASSETS

260,121

257,940

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

274,606

274,446

Retained earnings

(14,585

)

(16,606

)

260,121

257,940

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

M A Hall - Director

1.	STATUTORY INFORMATION

Glebe Property Services 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 as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Office equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 August 2024

39,411

154,081

5,856

199,348

Additions

7,659

45,310

2,918

55,887

Disposals

-

(60,223

)

-

(60,223

)

At 31 July 2025

47,070

139,168

8,774

195,012

Depreciation

At 1 August 2024

27,512

41,100

1,480

70,092

Charge for year

5,320

18,243

2,050

25,613

Eliminated on disposal

-

(33,707

)

-

(33,707

)

At 31 July 2025

32,832

25,636

3,530

61,998

Net book value

At 31 July 2025

14,238

113,532

5,244

133,014

At 31 July 2024

11,899

112,981

4,376

129,256

5.	INVESTMENT PROPERTY

Total

£

Cost or valuation

At 1 August 2024

2,250,000

Additions

374,787

Revaluations

213

At 31 July 2025

2,625,000

Net book value

At 31 July 2025

2,625,000

At 31 July 2024

2,250,000

The investment properties were valued at 31 July 2025 by the directors of the company on a fair value basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,089

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

16,304

38,924

Other creditors

43,746

42,659

60,050

81,583

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

83,080

57,486

Other creditors

2,283,952

1,927,125

2,367,032

1,984,611

9.	SECURED DEBTS

The bank borrowings are secured by a fixed charge over the company's investment properties.