Company registration number 04019363 (England and Wales)
GLENGARRY UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GLENGARRY UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
GLENGARRY UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
2026-05-15
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
5
2,550,000
2,550,000
Investments
4
2
2
2,550,002
2,550,002
Current assets
Debtors
6
11,606
5,849
Cash at bank and in hand
192,160
177,174
203,766
183,023
Creditors: amounts falling due within one year
7
(423,442)
(423,288)
Net current liabilities
(219,676)
(240,265)
Total assets less current liabilities
2,330,326
2,309,737
Provisions for liabilities
(312,952)
(312,952)
Net assets
2,017,374
1,996,785
Capital and reserves
Called up share capital
9
5,000
5,000
Share premium account
590,000
590,000
Profit and loss reserves
1,422,374
1,401,785
Total equity
2,017,374
1,996,785

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 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 .........................
..............................
Adam Schofield
Director
Company Registration No. 04019363
GLENGARRY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Glengarry UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Second Floor De Burgh House, Market Road, Wickford, Essex, England, SS12 0FD.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rents receivable in respect of the investment property held. The amount of rental income is based upon the amount stated in the tenancy agreement and is recognised in accordance with the terms of the lease.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.4
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 balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets include cash at bank and debtors.

Cash at bank

Cash at bank and in hand 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.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account where there is objective evidence that the asset is impaired.

GLENGARRY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 include creditors. Creditors are not interest bearing and are stated at their nominal value.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

GLENGARRY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
5,192
4,869
4
Fixed asset investments
2025
2024
£
£
Investments
2
2

The unlisted investment represents a 1/7 holding in the UK company 69/71 Pont Street Limited for £1. It also includes a 1/12 holding in 69/71 Pont Street Management Limited for £1.

Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 January 2025 & 31 December 2025
2
Carrying amount
At 31 December 2025
2
At 31 December 2024
2
5
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
2,550,000
GLENGARRY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5
Investment property
(Continued)
- 5 -

The investment property represents a flat situated in London. The property was valued at £2.55m on 1st December 2023 by Harding Chartered Surveyors. In the opinion of the director the valuation of £2.55m is still appropriate.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
597
Other debtors
280
280
Prepayments and accrued income
7,327
973
7,607
1,850
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
3,999
3,999
Total debtors
11,606
5,849
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
138
Corporation tax
5,178
4,869
Other creditors
418,264
418,281
423,442
423,288
8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
312,952
312,952
GLENGARRY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
5,000 Ordinary shares of £1 each
5,000
5,000
5,000
5,000
10
Related party transactions

Included in other creditors is an interest free loan of £413,844 (20 24: £413,844) from the shareholder, which has no set repayment date and is repayable on demand.

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