Glen Investments Limited - Accounts to registrar (filleted) - small 18.2
Glen Investments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 25 NOVEMBER 2017 |
| FOR |
| GLEN INVESTMENTS LIMITED |
| GLEN INVESTMENTS LIMITED (REGISTERED NUMBER: 01001211) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 25 NOVEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| GLEN INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 25 NOVEMBER 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Turnpike House |
| 1208/1210 London Road |
| Leigh on Sea |
| Essex |
| SS9 2UA |
| GLEN INVESTMENTS LIMITED (REGISTERED NUMBER: 01001211) |
| BALANCE SHEET |
| 25 NOVEMBER 2017 |
| 2017 | 2016 |
| 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 |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| GLEN INVESTMENTS LIMITED (REGISTERED NUMBER: 01001211) |
| BALANCE SHEET - continued |
| 25 NOVEMBER 2017 |
| 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 on |
| GLEN INVESTMENTS LIMITED (REGISTERED NUMBER: 01001211) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 25 NOVEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Glen Investments Limited is a |
| 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 |
| 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 |
| Long leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 year 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 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 NIL. |
| GLEN INVESTMENTS LIMITED (REGISTERED NUMBER: 01001211) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 25 NOVEMBER 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| COST |
| At 26 November 2016 |
| At 25 November 2017 |
| DEPRECIATION |
| At 26 November 2016 |
| Charge for year |
| At 25 November 2017 |
| NET BOOK VALUE |
| At 25 November 2017 |
| At 25 November 2016 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 26 November 2016 |
| Additions |
| At 25 November 2017 |
| DEPRECIATION |
| At 26 November 2016 |
| Charge for year |
| At 25 November 2017 |
| NET BOOK VALUE |
| At 25 November 2017 |
| At 25 November 2016 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 26 November 2016 |
| Revaluations | 43,000 |
| At 25 November 2017 |
| NET BOOK VALUE |
| At 25 November 2017 |
| At 25 November 2016 |
| GLEN INVESTMENTS LIMITED (REGISTERED NUMBER: 01001211) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 25 NOVEMBER 2017 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 25 November 2017 is represented by: |
| £ |
| Valuation in 2015 | 388,228 |
| Valuation in 2016 | 42,000 |
| Valuation in 2017 | 43,000 |
| Cost | 426,772 |
| 900,000 |
| The properties were valued at fair value by the directors on 25th November 2017. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors and prepayments |
| Glen Construction Company Limited | 67,384 | 64,964 |
| Glen Tyre Services Limited | 771 | 771 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Tax |
| VAT | 4,028 | 5,026 |
| Other creditors and accruals |
| Other loans | 109,612 | 96,292 |
| Directors' current accounts | 50,393 | 45,785 |
| 8. | GUARANTEES |
| The Company's borrowing from Stroud & Swinton Mortgage Company Ltd is secured by the Freehold Deeds to |
| Charfleets Farm, Canvey Island, Essex. |
| 9. | OTHER LOANS |
| These Loans are interest free and repayable at the discretion of the Directors. |
| 2017 | 2016 |
| £ | £ |
| P E Curtis | 45,020 | 39,020 |
| A J Curtis | 8,872 | 7,552 |
| E K Curtis | 55,720 | 49,720 |
| 109,612 | 96,292 |
| GLEN INVESTMENTS LIMITED (REGISTERED NUMBER: 01001211) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 25 NOVEMBER 2017 |
| 10. | RETAINED EARNINGS |
| Profit and loss | Revaluation |
| reserves | reserve | Total |
| Balance brought forward | 566,422 | 431,099 | 997,521 |
| Movement in year | 9,551 | 43,000 | 52,551 |
| Balance carried forward | £575,973 | £474,099 | £1,050,072 |