Glent Oakwood Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09360487

Glent Oakwood Limited

Filleted Unaudited Financial Statements

30 November 2025

Glent Oakwood Limited

Financial Statements

Year Ended 30 November 2025

Contents	Page

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements	1

Statement of Financial Position	2

Notes to the Financial Statements	4

Glent Oakwood Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Glent Oakwood Limited

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 financial statements of Glent Oakwood Limited for the year ended 30 November 2025, which comprise the statement of financial position and the related notes 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Glent Oakwood Limited in accordance with the terms of our engagement letter dated 9 September 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Glent Oakwood Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glent Oakwood Limited and its director for our work or for this report.

It is your duty to ensure that Glent Oakwood Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Glent Oakwood Limited. You consider that Glent Oakwood Limited 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 financial statements of Glent Oakwood Limited. 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 financial statements.

WYATT & CO Chartered Accountants

125 Main Street Garforth Leeds LS25 1AF

26 August 2026

Glent Oakwood Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	4		1,548,306	1,478,427

Current Assets

Debtors	5	97,769	80,721
Cash at bank and in hand		12,470	10,838
		-----------	---------
		110,239	91,559

Creditors: amounts falling due within one year	6	106,573		103,775
		-----------		-----------
Net Current Assets/(Liabilities)			3,666	( 12,216)
			--------------	--------------
Total Assets Less Current Liabilities			1,551,972	1,466,211

Creditors: amounts falling due after more than one year	7		870,750	870,750

Provisions

Taxation including deferred tax	162,390	144,920
	--------------	--------------
Net Assets	518,832	450,541
	--------------	--------------

Capital and Reserves

Called up share capital	10	10
Profit and loss account	518,822	450,531
	-----------	-----------
Shareholders Funds	518,832	450,541
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Glent Oakwood Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

P Colman
Director

Company registration number: 09360487

Glent Oakwood Limited

Notes to the Financial Statements

Year Ended 30 November 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 125 Main Street, Garforth, Leeds, LS25 1AF.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment Property

In accordance with Statement of Standard Accounting Practice No. 19, the company's properties are held for long term investment and are included in the Balance Sheet at their open marked values. The surplus or deficit on annual revaluation of such properties is transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. This policy represents a departure from statutory accounting principles, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give a true and fair view because the current values, and changes in current values are of prime importance, rather than the calculation of systemic annual depreciation. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial Instruments

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 entity after deducting all of its financial liabilities.

4. Tangible Assets

	Land and buildings
	£
Cost or valuation
At 1 December 2024	1,478,427
Revaluations	69,879
	--------------
At 30 November 2025	1,548,306
	--------------
Depreciation
At 1 December 2024 and 30 November 2025	–
	--------------
Carrying amount
At 30 November 2025	1,548,306
	--------------
At 30 November 2024	1,478,427
	--------------

Included within the above is investment property as follows:

	£
	--------------
At 1 December 2024 and 30 November 2025	1,548,305
	--------------

Tangible assets held at valuation

The investment properties held by the company is valued by the Director. No formal revaluation has been undertaken. The value equates to an income yield of approximately 6.55%. In the opinion of the Director therefore, the market value of the properties is at least that shown in the accounts. One of the properties was valued for mortgage purposes, and is carried at the year end at that value.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 30 November 2025
Aggregate cost	895,746
Aggregate depreciation	(174,967)
	-----------
Carrying value	720,779
	-----------

At 30 November 2024
Aggregate cost	895,746
Aggregate depreciation	(157,051)
	-----------
Carrying value	738,695
	-----------

5. Debtors

	2025	2024
	£	£
Other debtors	97,769	80,721
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	10,105	6,721
Other creditors	96,468	97,054
	-----------	-----------
	106,573	103,775
	-----------	-----------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	870,750	870,750
	-----------	-----------

The mortgages due after one year are secured over the assets of the company by way of a fixed and floating charge

8. Related Party Transactions

During the year, the company received a loan from Glent Finance Limited, a company in which Mr Colman is both director and shareholder. The opening and highest balance was £85,000, and the closing balance was £69,000. At the year end, there was accrued interest of £2,211 (2024 £2,949). During the year, the company made a loan to Glent Properties Ltd, a company in which the director has an interest. The opening, closing and highest balance was £11,865. The loan is interest free and repayable on demand. During the year, the company provided a loan to Glent Rentals Ltd, a company in which the director has an interest. The opening, closing and highest balance was £149,577. The loan is interest free, and repayable on demand.