Glovers Properties Central Ltd

Glovers Properties Central Ltd
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	362,183	69,045
		362,183	69,045
Current assets
Stocks	4	1,831,500	1,831,500
Debtors	5	119,554	96,640
Cash at bank and in hand		789,353	212,571
		2,740,407	2,140,711
Creditors: amount falling due within one year	6	(2,968,019)	(2,189,495)
Net current assets		(227,612)	(48,784)

Total assets less current liabilities		134,571	20,261
Creditors: amount falling due after more than one year	7	(172,032)	(9,752)
Net assets		(37,461)	10,509

Capital and reserves
Called up share capital		100	100
Profit and loss account		(37,561)	10,409
Shareholders' funds		(37,461)	10,509

For the year ended 31 August 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 20 August 2026 and were signed on its behalf by:

-------------------------------
Andrew Glover
Director

Glovers Properties Central Ltd
Notes to the Financial Statements
For the year ended 31 August 2025

General Information

Glovers Properties Central Ltd is a private company, limited by shares, registered in England and Wales, registration number 12167336, registration address Bonehill House Park Lane, Bonehill, Tamworth, Staffordshire, B78 3HY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Fixtures and Fittings	25% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Preference shares

The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the statement of financial position rather than as part of the company's issued share capital.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£	£
At 01 September 2024	1,820,000	122,222	54,750	40,000	2,036,972
Additions	331,847	1,046	-	-	332,893
Disposals	(1,810,000)	-	-	-	(1,810,000)
At 31 August 2025	341,847	123,268	54,750	40,000	559,865
Depreciation
At 01 September 2024	-	101,291	37,053	19,583	157,927
Charge for year	-	16,067	13,688	10,000	39,755
On disposals	-	-	-	-	-
At 31 August 2025	-	117,358	50,741	29,583	197,682
Net book values
Closing balance as at 31 August 2025	341,847	5,910	4,009	10,417	362,183
Opening balance as at 01 September 2024	10,000	20,931	17,697	20,417	69,045

Stocks

	2025 £		2024 £
Work in Progress	1,831,500		1,831,500
	1,831,500		1,831,500

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	25,776	3,276
Glovers Properties (Midlands) Limited	116,157	113,598
Glovers Properties Ltd	0	750
Deposits	(53,297)	(53,297)
VAT	30,918	32,213
	119,554	96,540

Debtors: amounts falling due after one year

	2025 £		2024 £
Glovers Estate Management Ltd	0		100
	0		100

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	139,958	140,460
Glovers Dairy Fresh Foods	196,256	205,417
PAYE & Social Security	0	20,997
CIS Control Account	1,375	6,245
Accrued Expenses	1,155	916
Directors' Current Accounts	2,629,275	1,815,460
	2,968,019	2,189,495

Creditors: amount falling due after more than one year

	2025 £		2024 £
Glovers Properties (Fradley)	172,032		9,752
	172,032		9,752

Advances and Credits

Mr A Glover

Current year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Mr A Glover	(1,815,460)		990,382		0		1,804,196		0		0		(2,629,274)
	(1,815,460)		990,382		0		1,804,196		0		0		(2,629,274)

Previous year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Mr A Glover	(3,600,661)		1,838,569		0		53,368		0		0		(1,815,460)
	(3,600,661)		1,838,569		0		53,368		0		0		(1,815,460)


Registered Number: 12167336
England and Wales
GLOVERS PROPERTIES CENTRAL LTD

Unaudited Financial Statements

Period of accounts Start date: 01 September 2024 End date: 31 August 2025