IRIS Accounts Production v26.1.10.61 02682786 Board of Directors 1.1.25 31.12.25 31.12.25 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02682786 2024-12-31 02682786 2025-12-31 02682786 2025-01-01 2025-12-31 02682786 2023-12-31 02682786 2024-01-01 2024-12-31 02682786 2024-12-31 02682786 ns14:PoundSterling 2025-01-01 2025-12-31 02682786 ns10:Director1 2025-01-01 2025-12-31 02682786 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02682786 ns10:SmallEntities 2025-01-01 2025-12-31 02682786 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 02682786 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 02682786 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02682786 ns10:FullAccounts 2025-01-01 2025-12-31 02682786 1 2025-01-01 2025-12-31 02682786 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 02682786 ns10:Director2 2025-01-01 2025-12-31 02682786 ns10:CompanySecretary1 2025-01-01 2025-12-31 02682786 ns10:RegisteredOffice 2025-01-01 2025-12-31 02682786 ns5:CurrentFinancialInstruments 2025-12-31 02682786 ns5:CurrentFinancialInstruments 2024-12-31 02682786 ns5:ShareCapital 2025-12-31 02682786 ns5:ShareCapital 2024-12-31 02682786 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 02682786 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 02682786 ns5:NetGoodwill 2025-01-01 2025-12-31 02682786 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 02682786 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 02682786 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 02682786 ns5:PlantMachinery 2025-01-01 2025-12-31 02682786 ns5:FurnitureFittings 2025-01-01 2025-12-31 02682786 ns5:ComputerEquipment 2025-01-01 2025-12-31 02682786 ns5:NetGoodwill 2024-12-31 02682786 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 02682786 ns5:NetGoodwill 2025-12-31 02682786 ns5:IntangibleAssetsOtherThanGoodwill 2025-12-31 02682786 ns5:NetGoodwill 2024-12-31 02682786 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 02682786 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 02682786 ns5:PlantMachinery 2024-12-31 02682786 ns5:FurnitureFittings 2024-12-31 02682786 ns5:ComputerEquipment 2024-12-31 02682786 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-12-31 02682786 ns5:PlantMachinery 2025-12-31 02682786 ns5:FurnitureFittings 2025-12-31 02682786 ns5:ComputerEquipment 2025-12-31 02682786 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 02682786 ns5:PlantMachinery 2024-12-31 02682786 ns5:FurnitureFittings 2024-12-31 02682786 ns5:ComputerEquipment 2024-12-31 02682786 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 02682786 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 02682786 ns10:OrdinaryShareClass1 2025-12-31 02682786 ns10:Director1 1 2024-12-31 02682786 ns10:Director1 1 2023-12-31 02682786 ns10:Director1 1 2025-01-01 2025-12-31 02682786 ns10:Director1 1 2024-01-01 2024-12-31 02682786 ns10:Director1 1 2025-12-31 02682786 ns10:Director1 1 2024-12-31 02682786 2 ns10:Director2 2024-12-31 02682786 2 ns10:Director2 2023-12-31 02682786 2 ns10:Director2 2025-01-01 2025-12-31 02682786 2 ns10:Director2 2024-01-01 2024-12-31 02682786 2 ns10:Director2 2025-12-31 02682786 2 ns10:Director2 2024-12-31

REGISTERED NUMBER: 02682786

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GLENCOE LIMITED

| GLENCOE LIMITED (REGISTERED NUMBER: 02682786) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| GLENCOE LIMITED |

COMPANY INFORMATION

for the Year Ended 31 December 2025

| DIRECTORS: | P L Huxley

| T R Huxley

| SECRETARY: | P L Huxley

| REGISTERED OFFICE: | 10 London Mews

| London

| W2 1HY

| REGISTERED NUMBER: | 02682786

| ACCOUNTANTS: | Stein Richards

| Chartered Accountants

| 10 London Mews

| London

| W21HY

| GLENCOE LIMITED (REGISTERED NUMBER: 02682786) |

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 161 |  | 201 |  |

Tangible assets | 5 | 4,130 |  | 3,932 |  |

4,291 |  | 4,133 |  |

CURRENT ASSETS

Stocks | 575,799 |  | 581,635 |  |

Debtors | 6 | 407,498 |  | 490,102 |  |

Cash at bank | 709,902 |  | 1,128,532 |  |

1,693,199 |  | 2,200,269 |  |

CREDITORS

Amounts falling due within one year | 7 | 425,144 |  | 507,492 |  |

NET CURRENT ASSETS | 1,268,055 |  | 1,692,777 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,272,346 |  | 1,696,910 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 250 |  | 250 |  |

Retained earnings | 9 | 1,272,096 |  | 1,696,660 |  |

SHAREHOLDERS' FUNDS | 1,272,346 |  | 1,696,910 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

| GLENCOE LIMITED (REGISTERED NUMBER: 02682786) |

STATEMENT OF FINANCIAL POSITION - continued

31 December 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by:

P L Huxley - Director

| GLENCOE LIMITED (REGISTERED NUMBER: 02682786) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Glencoe Limited 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.

| The financial statements have been prepared on a going concern basis as the directors believe that adequate cash resources will be available to cover the company's requirements for working capital expenditure for at least the next twelve months from the date of approval of these financial statements.

| Turnover

| Turnover represents net invoiced sales of goods, excluding value added tax and are recognised on an accruals basis.

| Provision of goods

| Revenue from sale of goods are recognised in respect of invoiced goods which have been invoiced and supplied in the period.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Trademark are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Short leasehold | - | over the term of the lease of 5 years

| Plant and machinery | - | 25% reducing balance

| Fixtures, fittings & equipment | - | 25% reducing balance

| Computer equipment | - | 25% straight line

| The directors deem the residual value of the Freehold Property to be at least equivalent to its cost and so no depreciation has been provided.

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| GLENCOE LIMITED (REGISTERED NUMBER: 02682786) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.

| The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

| Foreign currencies

| Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Operating lease

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs

| The company operates a defined contributions plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

| The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in other creditors as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

| GLENCOE LIMITED (REGISTERED NUMBER: 02682786) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

4. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 750,000 |  | 400 |  | 750,400 |  |

| AMORTISATION

| At 1 January 2025 | 749,999 |  | 200 |  | 750,199 |  |

| Charge for year | - |  | 40 |  | 40 |  |

| At 31 December 2025 | 749,999 |  | 240 |  | 750,239 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1 |  | 160 |  | 161 |  |

| At 31 December 2024 | 1 |  | 200 |  | 201 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures, |

| Short |  | Plant and |  | fittings |  | Computer |

| leasehold |  | machinery |  | & equipment |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 1,837 |  | 12,389 |  | 8,419 |  | 9,117 |  | 31,762 |  |

| Additions | - |  | - |  | - |  | 1,342 |  | 1,342 |  |

| At 31 December 2025 | 1,837 |  | 12,389 |  | 8,419 |  | 10,459 |  | 33,104 |  |

| DEPRECIATION

| At 1 January 2025 | 1,837 |  | 12,351 |  | 6,120 |  | 7,522 |  | 27,830 |  |

| Charge for year | - |  | 9 |  | 575 |  | 560 |  | 1,144 |  |

| At 31 December 2025 | 1,837 |  | 12,360 |  | 6,695 |  | 8,082 |  | 28,974 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 29 |  | 1,724 |  | 2,377 |  | 4,130 |  |

| At 31 December 2024 | - |  | 38 |  | 2,299 |  | 1,595 |  | 3,932 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 175,377 |  | 183,121 |  |

| Other debtors | 232,121 |  | 306,981 |  |

407,498 |  | 490,102 |  |

| GLENCOE LIMITED (REGISTERED NUMBER: 02682786) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 143,861 |  | 187,156 |  |

| Taxation and social security | 238,903 |  | 265,987 |  |

| Other creditors | 42,380 |  | 54,349 |  |

425,144 |  | 507,492 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 250 | Ordinary | £1 | 250 |  | 250 |  |

9. | RESERVES

| Other than dividends, the only movement in retained earnings is the result for the year.

10. | OTHER FINANCIAL COMMITMENTS

| Operating lease commitments not included in the balance sheet amount to £1,575 (2024: £82,835)

11. | DIRECTORS' ADVANCES AND CREDITS

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

| 31.12.25 |  | 31.12.24

£ | £ |

| P L Huxley

| Balance outstanding at start of year | 66,102 |  | 1,087 |  |

| Amounts advanced | - |  | 65,752 |  |

| Amounts repaid | (66,102 | ) | (737 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 66,102 |  |

| T R Huxley

| Balance outstanding at start of year | 737 |  | 737 |  |

| Amounts advanced | - |  | 737 |  |

| Amounts repaid | (737 | ) | (737 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 737 |  |

12. | RELATED PARTY DISCLOSURES

| During the year the company paid £80,000 (2024: £80,000) to the directors for rental of its business premises.