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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
Page
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Global Homes Ltd Company Information for the year ended 31 August 2023
Director
Mr L A Khan
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
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Global Homes Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,625,101 
1,625,101 
Current assets
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 
Capital and reserves
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
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Global Homes Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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.
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 
£ 
Cost or valuation
At cost 
At 1 September 2022
1,625,101 
At 31 August 2023
1,625,101 
Depreciation
At 31 August 2023
- 
Net book value
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 
104,321 
120,564 
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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 
1,145,047 
1,189,630 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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