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Company No: 00878590 (England and Wales)

# GLEBE WAY PROPERTY COMPANY LIMITED

### (A company limited by guarantee)

### Annual Report and Unaudited Financial Statements
For the financial year ended 25 March 2026

GLEBE WAY PROPERTY COMPANY LIMITED

## Annual Report and Unaudited Financial Statements

For the financial year ended 25 March 2026

Contents

GLEBE WAY PROPERTY COMPANY LIMITED

## COMPANY INFORMATION

For the financial year ended 25 March 2026
GLEBE WAY PROPERTY COMPANY LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 25 March 2026

Directors | Mary Janet Beckett (Resigned 16 October 2025)
| Lucia Joy Bergamasco
| Elizabeth Bradshaw
| Darron Gillatt (Treasurer)
| Jackalyn Anne Nash
| Rebecca Louise Walton
| Tina Irene Webb (Chairperson)

Registered office | 2nd Floor
| Maritime Place Quayside
| Chatham Maritime
| Chatham
| ME4 4QZ
| United Kingdom

Company number | 00878590 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor, Maritime Place
| Quayside
| Chatham Maritime
| Chatham
| Kent
| ME4 4QZ

GLEBE WAY PROPERTY COMPANY LIMITED

## DIRECTORS' REPORT

For the financial year ended 25 March 2026
GLEBE WAY PROPERTY COMPANY LIMITED

## DIRECTORS' REPORT (continued)

For the financial year ended 25 March 2026

The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 25 March 2026.

Principal activities

The company's principal activity continues to be that of holding the freehold reversion of the estate known as Glebe Way, Whitstable, Kent and administering this estate.

Directors

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

Mary Janet Beckett | (Resigned 16 October 2025)
Lucia Joy Bergamasco |
Elizabeth Bradshaw |
Darron Gillatt (Treasurer) |
Jackalyn Anne Nash |
Rebecca Louise Walton |
Tina Irene Webb (Chairperson) |

Small companies exemption

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved by the Board of Directors and signed on its behalf by:

Tina Irene Webb (Chairperson) Director |

27 April 2026

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GLEBE WAY PROPERTY COMPANY LIMITED

For the financial year ended 25 March 2026

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GLEBE WAY PROPERTY COMPANY LIMITED (continued)

For the financial year ended 25 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Glebe Way Property Company Limited for the financial year ended 25 March 2026 which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes 1 to 7 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of Glebe Way Property Company Limited, as a body, in accordance with the terms of our engagement letter dated 11 May 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Glebe Way Property Company Limited and state those matters that we have agreed to state to the Board of Directors of Glebe Way Property Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glebe Way Property Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Glebe Way Property Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Glebe Way Property Company Limited. You consider that Glebe Way Property Company Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Glebe Way Property Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

27 April 2026

GLEBE WAY PROPERTY COMPANY LIMITED

## STATEMENT OF INCOME AND RETAINED EARNINGS

For the financial year ended 25 March 2026
GLEBE WAY PROPERTY COMPANY LIMITED

## STATEMENT OF INCOME AND RETAINED EARNINGS (continued)

For the financial year ended 25 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Turnover |  | 42,401 |  | 42,275
Administrative expenses |  | ( 49,247) |  | ( 46,860)
Operating loss |  | ( 6,846) |  | ( 4,585)
Interest receivable and similar income | 3 | 251 |  | 303
Loss before taxation |  | ( 6,595) |  | ( 4,282)
Tax on loss |  | 0 |  | 0
Loss for the financial year |  | ( 6,595) |  | ( 4,282)
Retained earnings at the beginning of financial year |  | 45,989 |  | 50,271
Loss for the financial year |  | ( 6,595) |  | ( 4,282)
Retained earnings at the end of financial year |  | 39,394 |  | 45,989

GLEBE WAY PROPERTY COMPANY LIMITED

## BALANCE SHEET

As at 25 March 2026
GLEBE WAY PROPERTY COMPANY LIMITED

## BALANCE SHEET (continued)

As at 25 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 1 |  | 1
|  | 1 |  | 1
Current assets |  |  |  |
Debtors | 5 | 50 |  | 0
Cash at bank and in hand |  | 40,640 |  | 47,008
|  | 40,690 |  | 47,008
Creditors: amounts falling due within one year | 6 | ( 1,297) |  | ( 1,020)
Net current assets |  | 39,393 |  | 45,988
Total assets less current liabilities |  | 39,394 |  | 45,989
Net assets |  | 39,394 |  | 45,989
Reserves |  |  |  |
Profit and loss account |  | 39,394 |  | 45,989
Total reserves |  | 39,394 |  | 45,989

For the financial year ending 25 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A – small entities.

The financial statements of Glebe Way Property Company Limited (registered number: 00878590) were approved and authorised for issue by the Board of Directors on 27 April 2026. They were signed on its behalf by:

Tina Irene Webb (Chairperson) Director |  | Darron Gillatt (Treasurer) Director

GLEBE WAY PROPERTY COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 25 March 2026
GLEBE WAY PROPERTY COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 25 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Glebe Way Property Company Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, Maritime Place Quayside, Chatham Maritime, Chatham, ME4 4QZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover comprises service charges and other rent received.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 7 |  | 10

#### 3. Interest receivable

| 2026 |  | 2025
| £ |  | £
Interest receivable and similar income | 251 |  | 303

#### 4. Tangible assets

| Land and buildings |  | Total
| £ |  | £
Cost |  |  |
At 26 March 2025 | 1 |  | 1
At 25 March 2026 | 1 |  | 1
Accumulated depreciation |  |  |
At 26 March 2025 | 0 |  | 0
At 25 March 2026 | 0 |  | 0
Net book value |  |  |
At 25 March 2026 | 1 |  | 1
At 25 March 2025 | 1 |  | 1

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 50 |  | 0

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Other creditors | 1,297 |  | 1,020

#### 7. Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation.