1 April 2022 false No description of principal activity Taxfiler 2023.9 13155471business:PrivateLimitedCompanyLtd2022-04-012023-03-31 131554712022-03-31 131554712022-04-012023-03-31 13155471business:AuditExemptWithAccountantsReport2022-04-012023-03-31 13155471business:FilletedAccounts2022-04-012023-03-31 131554712023-03-31 131554712022-03-31 13155471core:WithinOneYear2023-03-31 13155471core:WithinOneYear2022-03-31 13155471core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13155471core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 13155471core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13155471core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 13155471core:PreviouslyStatedAmount2023-03-31 13155471core:PreviouslyStatedAmount2022-03-31 13155471business:SmallEntities2022-04-012023-03-31 13155471business:Director12022-04-012023-03-31 13155471countries:EnglandWales2022-04-012023-03-31 13155471business:RegisteredOffice2022-04-012023-03-31 13155471core:RevaluationsIncreaseDecreaseInInvestments2023-03-31 13155471core:DisposalsRepaymentsInvestments2023-03-31 131554712021-01-252022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13155471 (England and Wales)
Global IQ Shop Ltd Unaudited accounts for the year ended 31 March 2023
Global IQ Shop Ltd Unaudited accounts Contents
Page
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Global IQ Shop Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
478,773 
352,271 
Investments
125 
10,890 
478,898 
363,161 
Current assets
Debtors
- 
3,800 
Cash at bank and in hand
895 
190,163 
895 
193,963 
Creditors: amounts falling due within one year
(581,332)
(583,066)
Net current liabilities
(580,437)
(389,103)
Net liabilities
(101,539)
(25,942)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(101,639)
(26,042)
Shareholders' funds
(101,539)
(25,942)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2023 and were signed on its behalf by
C K S Lo Director Company Registration No. 13155471
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Global IQ Shop Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Global IQ Shop Ltd is a private company, limited by shares, registered in England and Wales, registration number 13155471. The registered office is 39 Membury Drive, Great Sankey, Warrington, Cheshire, WA5 3YB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
352,271 
Additions
198,774 
Net loss from fair value adjustments
(72,272)
At 31 March 2023
478,773 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
10,890 
Fair value adjustments
8 
Disposals
(10,773)
Valuation at 31 March 2023
125 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
3,800 
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Global IQ Shop Ltd Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
581,332 
583,066 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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