Company Registration No. 04508259 (England and Wales)
Global Homes Ltd
Unaudited accounts
for the year ended 31 August 2023
Global Homes Ltd
Unaudited accounts
Contents
Global Homes Ltd
Company Information
for the year ended 31 August 2023
Company Number
04508259 (England and Wales)
Registered Office
Rear Of 87
Hangingwater Road
Sheffield
South Yorkshire
S11 7ER
England
Accountants
Abacus Accounting Services
66 Abbeydale Rd
Sheffield
S7 1FD
Global Homes Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
1,625,101
1,625,101
Cash at bank and in hand
19,857
26,467
Creditors: amounts falling due within one year
(104,321)
(120,564)
Net current liabilities
(84,464)
(94,097)
Total assets less current liabilities
1,540,637
1,531,004
Creditors: amounts falling due after more than one year
(1,145,047)
(1,189,630)
Net assets
395,590
341,374
Called up share capital
1
1
Profit and loss account
395,589
341,373
Shareholders' funds
395,590
341,374
For the year ending 31 August 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 13 February 2024 and were signed on its behalf by
Mr L A Khan
Director
Company Registration No. 04508259
Global Homes Ltd
Notes to the Accounts
for the year ended 31 August 2023
Global Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 04508259. The registered office is Rear Of 87, Hangingwater Road, Sheffield, South Yorkshire, S11 7ER, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 1 September 2022
1,625,101
At 31 August 2023
1,625,101
At 31 August 2023
1,625,101
At 31 August 2022
1,625,101
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
46,359
51,130
Trade creditors
24,735
27,535
Taxes and social security
28,367
37,999
Other creditors
4,860
3,900
Global Homes Ltd
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
483,988
523,936
Amounts owed to group undertakings and other participating interests
210,424
241,824
Loans from directors
450,635
423,870
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).