Glynhir Estates Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08646637 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

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

131,900

133,072

Cash at bank

106

2,780

132,006

135,852

CREDITORS

Amounts falling due within one year

7

(59,940

)

(49,860

)

NET CURRENT ASSETS

72,066

85,992

TOTAL ASSETS LESS CURRENT LIABILITIES

233,140

247,066

CREDITORS

Amounts falling due after more than one year

8

(258,728

)

(267,025

)

NET LIABILITIES

(25,588

)

(19,959

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(25,688

)

(20,059

)

SHAREHOLDERS' FUNDS

(25,588

)

(19,959

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 17 June 2024 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 (2022 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2022

and 31 August 2023

161,074

NET BOOK VALUE

At 31 August 2023

161,074

At 31 August 2022

161,074

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade debtors

-

1,172

Other debtors

131,900

131,900

131,900

133,072

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Other creditors

58,440

49,140

Accrued expenses

1,500

720

59,940

49,860

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.23

31.8.22

£

£

Bank loans - 2-5 years

30,786

41,335

Bank loans more 5 yrs non-inst

227,942

225,690

258,728

267,025

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

227,942

225,690

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.23

31.8.22

£

£

Bank loans

258,728

267,025

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, £30,786 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

31.8.23

31.8.22

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 September 2022

(20,059

)

Deficit for the year

(5,629

)

At 31 August 2023

(25,688

)

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Grunhut.