REGISTERED NUMBER: 09423175 (England and Wales)

GLH MANAGEMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

600,000

600,000

CURRENT ASSETS

Debtors

5

132,137

37,176

Cash at bank

3,443

3,051

135,580

40,227

CREDITORS

Amounts falling due within one year

6

597,492

617,154

NET CURRENT LIABILITIES

(461,912

)

(576,927

)

TOTAL ASSETS LESS CURRENT LIABILITIES

138,088

23,073

CREDITORS

Amounts falling due after more than one year

7

(150,025

)

(2,110

)

PROVISIONS FOR LIABILITIES

(78,584

)

(78,584

)

NET LIABILITIES

(90,521

)

(57,621

)

CAPITAL AND RESERVES

Called up share capital

150

150

Fair value reserve

9

235,750

235,750

Retained earnings

(326,421

)

(293,521

)

SHAREHOLDERS' FUNDS

(90,521

)

(57,621

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

G R Taylor - Director

1.	STATUTORY INFORMATION

Glh Managements Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09423175

Registered office:

7-8

Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

The director is of the opinion that it is appropriate to prepare the accounts on the going concern basis, because he has confirmed his continued support for the company for the foreseeable future.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

and 28 February 2026

600,000

NET BOOK VALUE

At 28 February 2026

600,000

At 28 February 2025

600,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2025

314,334

Cost

285,666

600,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

285,666

285,666

Investment property was valued on an open market basis on 28 February 2026 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

132,137

37,176

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

2,110

4,991

Taxation and social security

26,163

13,496

Other creditors

569,219

598,667

597,492

617,154

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

150,025

2,110

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

2,110

4,991

Amounts falling due between two and five years:

Bank loans over 1 year

150,025

2,110

9.

RESERVES

Fair

value

reserve

£

At 1 March 2025

and 28 February 2026

235,750

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £111,000 (2025 - £113,000) were paid to the directors .

OKE (Catering Equipment & Ventilation Systems) Ltd

A company in which G Taylor and L Taylor are shareholders.

Management fees received from OKE (Catering Equipment & Ventilation Systems) Ltd in the year total £89,800 (2025: £37,950).

The balance owing to OKE (Catering Equipment & Ventilation Systems) Ltd at the balance sheet date was £553,033 (2025: £521,913).

The loan is on an interest free basis and there are no agreed repayment terms.

G&L Taylor Properties Limited

A company in which G Taylor and L Taylor are both shareholders.

Amount due from the related party at the balance sheet date £37,176 (2025: £37,176).

No interest is payable on the loan and there are no agreed repayment terms.