REGISTERED NUMBER: 09781553 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

GLAM Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K Smith

G R Al Salem

L G Salem

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

09781553 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Investment property

4

2,615,999

2,615,999

CURRENT ASSETS

Debtors

5

1,690

2,665

Cash at bank

43,240

48,785

44,930

51,450

CREDITORS

Amounts falling due within one year

6

(1,657,195

)

(1,713,958

)

NET CURRENT LIABILITIES

(1,612,265

)

(1,662,508

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,003,734

953,491

PROVISIONS FOR LIABILITIES

(129,188

)

(129,188

)

NET ASSETS

874,546

824,303

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

588,926

588,926

Retained earnings

285,610

235,367

SHAREHOLDERS' FUNDS

874,546

824,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 April 2026 and were signed on its behalf by:

A K Smith - Director

1.	STATUTORY INFORMATION

GLAM Properties Ltd 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 financial statements have been prepared on the going concern basis which assumes the company will continue to trade. The assumption depends on the ability of the directors to maintain the necessary financial support.

Turnover

Turnover represents net rents receivable, excluding value added tax.

Investment property

Investment property is included at fair value. Gains are recognised in the statement of income and retained earnings. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The gains on investment properties are transferred to the non-distributable fair value reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.	INVESTMENT PROPERTY

Total

£

COST

At 1 October 2024

and 30 September 2025

2,615,999

NET BOOK VALUE

At 30 September 2025

2,615,999

At 30 September 2024

2,615,999

The directors consider the fair value of investment properties at the year end to be £2,615,999 (2024: £2,615,999). Valuations of investment properties have been made on an open market value for existing use basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

1,690

2,665

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

94

90

Taxation and social security

13,373

13,688

Other creditors

1,643,728

1,700,180

1,657,195

1,713,958

Other creditors includes accruals and deferred income of £9,289 (2024: £2,350).