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Registration number: 09944306

GLC Holdings Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

GLC Holdings Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 7

GLC Holdings Ltd

Company Information

Directors | Mr Ross Paul Carter Mrs Linda Ann Carter

Registered office | 119 Drake Road Harrow Middlesex England HA2 9DZ

Accountants | MG Group (Professional Services) Ltd Chartered Accountants166 College Road Harrow Middlesex HA1 1BH

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
GLC Holdings Ltd
for the Year Ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GLC Holdings Ltd for the year ended 30 November 2025 as set out on pages 3 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of GLC Holdings Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of GLC Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of GLC Holdings Ltd, 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 GLC Holdings Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that GLC Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GLC Holdings Ltd. You consider that GLC Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of GLC Holdings Ltd. 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 accounts.

......................................
MG Group (Professional Services) Ltd
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

2 June 2026

GLC Holdings Ltd

(Registration number: 09944306)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 5 | 581,480 | 624,211
Investments | 6 | 1,000 | 1,000
|  | 582,480 | 625,211
Current assets |  |  |
Debtors | 7 | 25,742 | 5,000
Investments | 8 | 1,430,560 | 1,378,044
Cash at bank and in hand |  | 1,059,089 | 1,120,293
|  | 2,515,391 | 2,503,337
Creditors: Amounts falling due within one year | 9 | (1,950) | (2,658)
Net current assets |  | 2,513,441 | 2,500,679
Total assets less current liabilities |  | 3,095,921 | 3,125,890
Provisions for liabilities |  | (60,447) | (68,566)
Net assets |  | 3,035,474 | 3,057,324
Capital and reserves |  |  |
Called up share capital | 10 | 1,002 | 1,002
Other reserves |  | (57,506) | (57,506)
Retained earnings |  | 3,091,978 | 3,113,828
Shareholders' funds |  | 3,035,474 | 3,057,324

For the financial year ending 30 November 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 June 2026 and signed on its behalf by:

......................................... Mr Ross Paul Carter Director

GLC Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
119 Drake Road
Harrow
Middlesex
HA2 9DZ
England

These financial statements were authorised for issue by the Board on 2 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statement is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

GLC Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Taxation

Tax charged/(credited) in the profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 3 | 777
Deferred taxation |  |
Arising from write-down or reversal of write-down of deferred tax asset | (8,120) | 11,060
Tax (receipt)/expense in the income statement | (8,117) | 11,837

Deferred tax

GLC Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5 | Investment properties

| 2025 £
Balance at the beginning of the year | 624,211
Fair value adjustments | (42,731)
Balance at the ending of the year | 581,480

Raymond James Investment has been recognised at fair value through profit and loss.
Octopus Trading Account has been recognised at amortised cost.

As at year-end, the properties were valued by the property broker at £581,480 (2024 - £624,211)

6 | Investment

| 2025 £ | 2024 £
Investment in subsidiary | 1,000 | 1,000

7 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 425 | 422
Other debtors | 25,317 | 4,578
| 25,742 | 5,000

8 | Current asset investments

| 2025 £ | 2024 £
Other investments | 1,430,560 | 1,378,044

GLC Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

9 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 33 | 777
Accruals and deferred income | 1,917 | 1,881
| 1,950 | 2,658

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Share of £1 each | 1,002 | 1,002 | 1,002 | 1,002