| Glynwood House Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the ground rent received by the company, which is not registered for Value Added Tax purposes. |
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Service charges |
|
The accounts have been prepared in accordance with Technical Release 03/11 published by the ICAEW. The company has no beneficial interest in service charge income or expenditure, all such transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service charges collected and held on trust for the purpose of meeting the relevant cost in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987. |
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Tangible fixed assets |
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The directors consider that the difference between the carry value and the residual value of the investment property as at the 31st December 2025 is immaterial. Therefore no revaluation adjustment has been included the financial period. |
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Investments |
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The financial statements present information about the company as an individual undertaking and not about its group, using the exception given to small groups in The Companies Act s398. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
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| 3 |
Tangible fixed assets |
|
|
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|
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Land and buildings |
| £ |
|
Cost |
|
At 1 January 2025 |
37,750 |
|
At 31 December 2025 |
37,750 |
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Depreciation |
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At 31 December 2025 |
- |
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Net book value |
|
At 31 December 2025 |
37,750 |
|
At 31 December 2024 |
37,750 |
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| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 January 2025 |
1 |
|
|
At 31 December 2025 |
1 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
32,416 |
|
32,422 |
|
Other debtors |
45,613 |
|
43,708 |
|
|
|
|
|
|
78,029 |
|
76,130 |
|
|
|
|
|
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|
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| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
125 |
|
3,215 |
|
Other creditors |
73,995 |
|
71,994 |
|
|
|
|
|
|
74,120 |
|
75,209 |
|
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| 7 |
Other information |
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Glynwood House Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o Pedersen & Company |
|
Temple House, Dukes Ride |
|
Crowthorne |
|
Berkshire |
|
RG45 6LZ |