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Company Registration No. 10096870 (England and Wales)
Glg Estates Ltd Unaudited accounts for the year ended 30 April 2026
Glg Estates Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Glg Estates Ltd Company Information for the year ended 30 April 2026
Director
Gintaras Laukys
Company Number
10096870 (England and Wales)
Registered Office
Flat 7 12 Eugene Street St. Judes Bristol Avon BS5 0TN England
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Glg Estates Ltd Statement of financial position as at 30 April 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
32,346 
218,614 
Investment property
5
3,730,000 
3,730,729 
3,762,346 
3,949,343 
Current assets
Cash at bank and in hand
28,049 
54,510 
Creditors: amounts falling due within one year
6
(76,144)
(908)
Net current (liabilities)/assets
(48,095)
53,602 
Total assets less current liabilities
3,714,251 
4,002,945 
Creditors: amounts falling due after more than one year
7
(2,432,826)
(2,649,512)
Net assets
1,281,425 
1,353,433 
Capital and reserves
Share premium
1 
1 
Profit and loss account
1,281,424 
1,353,432 
Shareholders' funds
1,281,425 
1,353,433 
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 July 2026 and were signed on its behalf by
Gintaras Laukys Director Company Registration No. 10096870
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Glg Estates Ltd Notes to the Accounts for the year ended 30 April 2026
1
Statutory information
Glg Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 10096870. The registered office is Flat 7, 12 Eugene Street, St. Judes, Bristol, Avon, BS5 0TN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2025
169,393 
84,377 
253,770 
Disposals
(169,393)
- 
(169,393)
At 30 April 2026
- 
84,377 
84,377 
Depreciation
At 1 May 2025
- 
35,156 
35,156 
Charge for the year
- 
16,875 
16,875 
At 30 April 2026
- 
52,031 
52,031 
Net book value
At 30 April 2026
- 
32,346 
32,346 
At 30 April 2025
169,393 
49,221 
218,614 
5
Investment property
2026 
£ 
Fair value at 1 May 2025
3,730,729 
Disposals
(729)
At 30 April 2026
3,730,000 
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Glg Estates Ltd Notes to the Accounts for the year ended 30 April 2026
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Trade creditors
644 
908 
Proposed dividends
75,500 
- 
76,144 
908 
7
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
767,669 
779,043 
Obligations under finance leases and hire purchase contracts
- 
41,961 
Loans from directors
1,665,157 
1,828,508 
2,432,826 
2,649,512 
The balance includes: • A commercial loan secured on certain investment properties of the company. • Finance lease liabilities relating to two company vehicles, secured on the respective assets. • A loan from a director. This loan is unsecured, interest free, and repayable on demand after one year.
8
Transactions with related parties
At 30 April 2026, the company owed £1,665,156.62 to the director. This loan is unsecured, interest-free, and repayable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2025: 3).
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