Glynhir Estates Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08646637 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

GLYNHIR ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Grunhut

REGISTERED OFFICE:

Occ Estate Building A

Suite 8

102 Vale Road

London, England

N4 1FL

REGISTERED NUMBER:

08646637 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

5

161,074

161,074

CURRENT ASSETS

Debtors

6

133,072

101,721

Cash at bank

2,780

3,336

135,852

105,057

CREDITORS

Amounts falling due within one year

7

(49,860

)

(10,810

)

NET CURRENT ASSETS

85,992

94,247

TOTAL ASSETS LESS CURRENT LIABILITIES

247,066

255,321

CREDITORS

Amounts falling due after more than one year

8

(267,025

)

(275,690

)

NET LIABILITIES

(19,959

)

(20,369

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(20,059

)

(20,469

)

SHAREHOLDERS' FUNDS

(19,959

)

(20,369

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 May 2023 and were signed by:

A Grunhut - Director

1.	STATUTORY INFORMATION

Glynhir Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net rent receivable, excluding value added tax.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2021

and 31 August 2022

161,074

NET BOOK VALUE

At 31 August 2022

161,074

At 31 August 2021

161,074

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

1,172

1,605

Other debtors

131,900

100,116

133,072

101,721

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Other creditors

49,140

10,150

Accrued expenses

720

660

49,860

10,810

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans - 2-5 years

41,335

50,000

Bank loans more 5 yrs non-inst

225,690

225,690

267,025

275,690

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

225,690

225,690

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.22

31.8.21

£

£

Bank loans

267,025

275,690

1. Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £41,335 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.22

31.8.21

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 September 2021

(20,469

)

Profit for the year

410

At 31 August 2022

(20,059

)

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Grunhut.