Glendyne Investments Ltd - Accounts to registrar (filleted) - small 18.2
Glendyne Investments Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
GLENDYNE INVESTMENTS LTD |
Unaudited Financial Statements |
for the Period 1 October 2019 to 31 March 2020 |
GLENDYNE INVESTMENTS LTD (REGISTERED NUMBER: 08684157) |
Contents of the Financial Statements |
for the Period 1 October 2019 to 31 March 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GLENDYNE INVESTMENTS LTD |
Company Information |
for the Period 1 October 2019 to 31 March 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
59-61 Charlotte Street |
St Pauls Square |
Birmingham |
West Midlands |
B3 1PX |
GLENDYNE INVESTMENTS LTD (REGISTERED NUMBER: 08684157) |
Balance Sheet |
31 March 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
GLENDYNE INVESTMENTS LTD (REGISTERED NUMBER: 08684157) |
Balance Sheet - continued |
31 March 2020 |
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 |
GLENDYNE INVESTMENTS LTD (REGISTERED NUMBER: 08684157) |
Notes to the Financial Statements |
for the Period 1 October 2019 to 31 March 2020 |
1. | STATUTORY INFORMATION |
Glendyne Investments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
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. |
Taxation |
Taxation for the period 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 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 period 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 period was NIL (2019 - NIL). |
GLENDYNE INVESTMENTS LTD (REGISTERED NUMBER: 08684157) |
Notes to the Financial Statements - continued |
for the Period 1 October 2019 to 31 March 2020 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 October 2019 |
and 31 March 2020 |
DEPRECIATION |
At 1 October 2019 |
Charge for period |
At 31 March 2020 |
NET BOOK VALUE |
At 31 March 2020 |
At 30 September 2019 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2019 |
and 31 March 2020 |
NET BOOK VALUE |
At 31 March 2020 |
At 30 September 2019 |
Fair value at 31 March 2020 is represented by: |
£ |
Valuation in 2015 | 488,298 |
Valuation in 2016 | 250,000 |
Cost | 511,702 |
1,250,000 |
Investment property comprises freehold land and buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors on 30th September 2019. The valuation was made on an open market value basis by reference to market evidence of transactions for similar properties. In the opinion of the directors there has been no significant change in the market value to 31st March 2020. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
Other debtors |
GLENDYNE INVESTMENTS LTD (REGISTERED NUMBER: 08684157) |
Notes to the Financial Statements - continued |
for the Period 1 October 2019 to 31 March 2020 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
Other creditors |
Directors' current accounts | 54,314 | 54,314 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 431,250 | 450,000 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2020 | 2019 |
£ | £ |
Bank loans |
The bank loan is secured by a fixed and floating charge over the assets of the company. |
10. | RELATED PARTY DISCLOSURES |
Amounts owing from related parties at the reporting date total £200,000 (2019 - £200,000). |