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Company No: 05309102 (England and Wales)

# GLOCK LIMITED

### Unaudited Financial Statements
For the financial period from 01 December 2024 to 31 March 2026
Pages for filing with the registrar

GLOCK LIMITED

## Unaudited Financial Statements

For the financial period from 01 December 2024 to 31 March 2026

Contents

GLOCK LIMITED

## BALANCE SHEET

As at 31 March 2026
GLOCK LIMITED

## BALANCE SHEET (continued)

As at 31 March 2026

| Note | 31.03.2026 |  | 30.11.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,310,218 |  | 1,282,797
|  | 1,310,218 |  | 1,282,797
Current assets |  |  |  |
Debtors | 4 | 1,285,000 |  | 5,155,994
Cash at bank and in hand |  | 427,403 |  | 416,316
|  | 1,712,403 |  | 5,572,310
Creditors: amounts falling due within one year | 5 | ( 257,711) |  | ( 354,966)
Net current assets |  | 1,454,692 |  | 5,217,344
Total assets less current liabilities |  | 2,764,910 |  | 6,500,141
Creditors: amounts falling due after more than one year | 6 | ( 40,721) |  | 0
Provision for liabilities |  | ( 27,554) |  | ( 19,577)
Net assets |  | 2,696,635 |  | 6,480,564
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1 |  | 1
Capital contribution reserve |  | 410,770 |  | 410,770
Profit and loss account |  | 2,285,864 |  | 6,069,793
Total shareholder's funds |  | 2,696,635 |  | 6,480,564

For the financial period ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The director acknowledges 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Glock Limited (registered number: 05309102) were approved and authorised for issue by the Director. They were signed on its behalf by:

C R Glock Director |

29 June 2026

GLOCK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2024 to 31 March 2026
GLOCK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2024 to 31 March 2026

##### 1. Accounting policies

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

##### General information and basis of accounting

Glock Limited (the Company) is a private company, limited by shares, 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 26 Gransden Avenue, London, E8 3QA, 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 £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

The current reporting period length is greater than 12 months. The company extended its current reporting period end date to 31 March 2026 from 30 November 2025. This was a commercial decision to align the period end with the majority of the company's clients spending profiles. As a result, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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
Plant and machinery etc. | 25 % reducing balance

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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| Period from 01.12.2024 to 31.03.2026 |  | Year ended 30.11.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including the director | 18 |  | 21

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost/Valuation |  |  |  |  |
At 01 December 2024 | 1,200,000 |  | 418,514 |  | 1,618,514
Additions | 0 |  | 71,155 |  | 71,155
At 31 March 2026 | 1,200,000 |  | 489,669 |  | 1,689,669
Accumulated depreciation |  |  |  |  |
At 01 December 2024 | 0 |  | 335,717 |  | 335,717
Charge for the financial period | 0 |  | 43,734 |  | 43,734
At 31 March 2026 | 0 |  | 379,451 |  | 379,451
Net book value |  |  |  |  |
At 31 March 2026 | 1,200,000 |  | 110,218 |  | 1,310,218
At 30 November 2024 | 1,200,000 |  | 82,797 |  | 1,282,797

#### 4. Debtors

| 31.03.2026 |  | 30.11.2024
| £ |  | £
Trade debtors | 294,631 |  | 441,709
Amounts owed by Parent undertakings | 87,513 |  | 3,987,252
Amounts owed by fellow subsidiaries | 360 |  | 0
Other debtors | 902,496 |  | 727,033
| 1,285,000 |  | 5,155,994

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

| 31.03.2026 |  | 30.11.2024
| £ |  | £
Trade creditors | 27,368 |  | 83,399
Taxation and social security | 211,325 |  | 167,565
Obligations under finance leases and hire purchase contracts | 8,533 |  | 0
Other creditors | 10,485 |  | 104,002
| 257,711 |  | 354,966

#### 6. Creditors: amounts falling due after more than one year

| 31.03.2026 |  | 30.11.2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 40,721 |  | 0

#### 7. Called-up share capital

| 31.03.2026 |  | 30.11.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 31.03.2026 |  | 30.11.2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 0 |  | 4,489

#### 9. Related party transactions

Transactions with the entity's director

During the period the director received total advances of £438,629, including interest of £5,636 charged at the official rate. Repayments totalled £297,721 and at the balance sheet date the amount owed to the company was £140,908 (2024: £NIL).