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REGISTERED NUMBER: 02364816 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Globe Fantasy Limited
T/A
Central City Comics

Globe Fantasy Limited (Registered number: 02364816)
T/A Central City Comics






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Globe Fantasy Limited
T/A Central City Comics

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R J Last





SECRETARY: R Last





REGISTERED OFFICE: 4 Eagle Street
Ipswich
Suffolk
IP4 1JB





REGISTERED NUMBER: 02364816 (England and Wales)





ACCOUNTANTS: RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ

Globe Fantasy Limited (Registered number: 02364816)
T/A Central City Comics

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84 103

CURRENT ASSETS
Stocks 41,528 39,889
Debtors 5 324 -
Cash at bank and in hand 3,511 3,304
45,363 43,193
CREDITORS
Amounts falling due within one year 6 8,257 1,978
NET CURRENT ASSETS 37,106 41,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,190

41,318

CREDITORS
Amounts falling due after more than one
year

7

60,864

60,864
NET LIABILITIES (23,674 ) (19,546 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (24,674 ) (20,546 )
SHAREHOLDERS' FUNDS (23,674 ) (19,546 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Globe Fantasy Limited (Registered number: 02364816)
T/A Central City Comics

Balance Sheet - continued
31 July 2023


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 director and authorised for issue on 23 April 2024 and were signed by:





R J Last - Director


Globe Fantasy Limited (Registered number: 02364816)
T/A Central City Comics

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Globe Fantasy 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Globe Fantasy Limited (Registered number: 02364816)
T/A Central City Comics

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 2,602 480 3,082
DEPRECIATION
At 1 August 2022 2,578 401 2,979
Charge for year 3 16 19
At 31 July 2023 2,581 417 2,998
NET BOOK VALUE
At 31 July 2023 21 63 84
At 31 July 2022 24 79 103

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 324 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 6,372 231
Taxation and social security 685 547
Other creditors 1,200 1,200
8,257 1,978

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 28,907 28,907
Other creditors 31,957 31,957
60,864 60,864

Globe Fantasy Limited
T/A Central City Comics

Report of the Accountants to the Director of
Globe Fantasy Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ


23 April 2024