Glimpseplan Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01574230 (England and Wales)

GLIMPSEPLAN LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Thomas Colin Marshall

Mrs Lydia Francine Marshall

REGISTERED OFFICE:

39 Huntsman's Meadow

Ascot

Berkshire

SL5 7PF

REGISTERED NUMBER:

01574230 (England and Wales)

ACCOUNTANTS:

The Accountancy Solution Company Limited

Chartered Certified Accountants

47A Prideaux Road

Eastbourne

East Sussex

BN21 2NB

FIXED ASSETS

Tangible assets

4

366

1,219,449

Investment property

5

2,585,000

-

2,585,366

1,219,449

CURRENT ASSETS

Debtors

6

16,013

-

Investments

7

131,182

517,776

Cash at bank

21,115

19,782

168,310

537,558

CREDITORS

Amounts falling due within one year

8

(24,168

)

(467,496

)

NET CURRENT ASSETS

144,142

70,062

TOTAL ASSETS LESS CURRENT LIABILITIES

2,729,508

1,289,511

PROVISIONS FOR LIABILITIES

(232,227

)

-

NET ASSETS

2,497,281

1,289,511

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

2,497,181

1,289,411

SHAREHOLDERS' FUNDS

2,497,281

1,289,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5 March 2018 and were signed on its behalf by:

Mr Thomas Colin Marshall - Director

1.	STATUTORY INFORMATION

Glimpseplan Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Long

property

leasehold

leasehold

£

£

£

COST

At 1 October 2016

701,512

156,467

360,982

Disposals

(701,512

)

(156,467

)

(360,982

)

At 30 September 2017

-

-

-

DEPRECIATION

At 1 October 2016

-

-

-

Charge for year

-

-

-

At 30 September 2017

-

-

-

NET BOOK VALUE

At 30 September 2017

-

-

-

At 30 September 2016

701,512

156,467

360,982

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 October 2016

8,768

1,361

1,229,090

Disposals

-

-

(1,218,961

)

At 30 September 2017

8,768

1,361

10,129

DEPRECIATION

At 1 October 2016

8,495

1,146

9,641

Charge for year

68

54

122

At 30 September 2017

8,563

1,200

9,763

NET BOOK VALUE

At 30 September 2017

205

161

366

At 30 September 2016

273

215

1,219,449

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,218,960

Revaluations

1,366,040

At 30 September 2017

2,585,000

NET BOOK VALUE

At 30 September 2017

2,585,000

Fair value at 30 September 2017 is represented by:

£

Valuation in 2017

1,366,040

Cost

1,218,960

2,585,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

16,013

-

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Listed investments

131,182

517,776

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

(1

)

-

Taxation and social security

18,989

9,546

Other creditors

5,180

457,950

24,168

467,496

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Directors.