GLOBAL INVESTMENTS & REAL ESTATE LTD

Company Registration Number:
09220292 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

GLOBAL INVESTMENTS & REAL ESTATE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

GLOBAL INVESTMENTS & REAL ESTATE LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Called up share capital not paid: 1,000 1,000
Fixed assets
Tangible assets: 3 836,890 836,890
Investments: 4 24,554 24,554
Total fixed assets: 861,444 861,444
Current assets
Debtors:   505,911 466,764
Cash at bank and in hand: 17,493 21,986
Total current assets: 523,404 488,750
Creditors: amounts falling due within one year: 5 (695,482) (712,478)
Net current assets (liabilities): (172,078) (223,728)
Total assets less current liabilities: 690,366 638,716
Total net assets (liabilities): 690,366 638,716
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:6707,837707,837
Profit and loss account: (18,471) (70,121)
Shareholders funds: 690,366 638,716

The notes form part of these financial statements

GLOBAL INVESTMENTS & REAL ESTATE LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 January 2024
and signed on behalf of the board by:

Name: Tony Keating
Status: Director

The notes form part of these financial statements

GLOBAL INVESTMENTS & REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLOBAL INVESTMENTS & REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

GLOBAL INVESTMENTS & REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 836,890
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2023 836,890
Depreciation
At 01 April 2022 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 March 2023 0
Net book value
At 31 March 2023 836,890
At 31 March 2022 836,890

GLOBAL INVESTMENTS & REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Fixed investments

Agro Invest Capital Ltd - 500 sharesIncrease in investment value of Agro Invest Capital Ltd - £10,425Global Realty Ltd (500 shares at BGN1 per share) - £45Increase in investment value of Global Realty Ltd - £13,634International Investment II Ltd (500 shares at BGN1 per share) - £225

GLOBAL INVESTMENTS & REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

Loan from Balkans Consulting & Real Estate Limited - £685,065Accounts payable - £1,622Accrued expenses - £8,795Balkans Consulting & Real Estate Limited has agreed that they will not demand repayment of the loan until such time as the funds are available and have agreed to continue to support the company as required.

GLOBAL INVESTMENTS & REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Revaluation reserve

2023
£
Balance at 01 April 2022 707,837
Surplus or deficit after revaluation 0
Balance at 31 March 2023 707,837

GLOBAL INVESTMENTS & REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Related party transactions

Name of the related party:
Relationship:
Investee
Description of the Transaction: Loans to investee companies and related Trusts.
£
Balance at 01 April 2022 466,014
Balance at 31 March 2023 504,026