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REGISTERED NUMBER: 12607025 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Global Southern Holdings Limited

Global Southern Holdings Limited (Registered number: 12607025)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Global Southern Holdings Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J Fidler
I D Fidler





REGISTERED OFFICE: 123 Wey House
15 Chruch Street
Weybridge
KT13 8NA





REGISTERED NUMBER: 12607025 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Global Southern Holdings Limited (Registered number: 12607025)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
CURRENT ASSETS
Debtors 4 462,106 314,712
Investments 5 2 2
Cash at bank 27 -
462,135 314,714
CREDITORS
Amounts falling due within one year 6 (59,052 ) (67,324 )
NET CURRENT ASSETS 403,083 247,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,083

247,390

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 403,079 247,386
SHAREHOLDERS' FUNDS 403,083 247,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





J Fidler - Director


Global Southern Holdings Limited (Registered number: 12607025)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

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

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.

Other income
Income from fixed asset investments is recognised when the right to it has been established.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 462,106 314,712

5. CURRENT ASSET INVESTMENTS
28.2.23 28.2.22
£    £   
Shares in group undertakings 2 2

Global Southern Holdings Limited (Registered number: 12607025)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 1,800 -
Taxation and social security 54,453 3,021
Other creditors 2,799 64,303
59,052 67,324

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
I D Fidler
Balance outstanding at start of year (25,653 ) 92,794
Amounts advanced 164,939 -
Amounts repaid (49,750 ) (118,447 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 89,536 (25,653 )

J Fidler
Balance outstanding at start of year (36,249 ) 1
Amounts advanced 157,804 -
Amounts repaid (49,750 ) (36,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,805 (36,249 )

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £99,500 were paid to the directors .

At the balance sheet date other entities controlled by the directors owed this company amounted to £243,224 (2022: £239,191l). These loans are repayable on demand, are interest free and are included in other debtors.

At the balance sheet date this company owed its subsidiary company £870 (2022 was owed by: £72,498). This loan is repayable on demand, is interest free and is included in other creditors.

At the balance sheet date the directors owed the company £161,341 (2022: £61,903 owed by the company). The loans are repayable on demand,carry interest due to the company at the statutory rate and are included in other creditors.