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REGISTERED NUMBER: 05830853 (England and Wales)















360 GLOBAL ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


360 GLOBAL ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G C Yates
C Yates





SECRETARY: C Yates





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 05830853 (England and Wales)






360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,387 86,511
Investment property 5 4,398,460 4,421,489
4,458,847 4,508,000

CURRENT ASSETS
Debtors 6 74,732 28,856
Cash at bank 18,859 18,639
93,591 47,495
CREDITORS
Amounts falling due within one year 7 354,894 439,957
NET CURRENT LIABILITIES (261,303 ) (392,462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,197,544

4,115,538

CREDITORS
Amounts falling due after more than one year 8 (1,281,582 ) (1,521,856 )

PROVISIONS FOR LIABILITIES (15,097 ) (16,437 )
NET ASSETS 2,900,865 2,577,245

CAPITAL AND RESERVES
Called up share capital 51,000 51,000
Revaluation reserve 9 19,041 19,041
Retained earnings 2,830,824 2,507,204
SHAREHOLDERS' FUNDS 2,900,865 2,577,245

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





G C Yates - Director


360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

360 Global Estates 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
At the balance sheet date the company had net current liabilities of £261,303 (2022: £392,462). With the continued support of the directors the financial statements have been prepared as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 216,240
Additions 3,503
At 31 December 2023 219,743
DEPRECIATION
At 1 January 2023 129,729
Charge for year 29,627
At 31 December 2023 159,356
NET BOOK VALUE
At 31 December 2023 60,387
At 31 December 2022 86,511

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 4,421,489
Additions 305,610
Disposals (328,639 )
At 31 December 2023 4,398,460
NET BOOK VALUE
At 31 December 2023 4,398,460
At 31 December 2022 4,421,489

Fair value at 31 December 2023 is represented by:
£   
Cost 4,398,460

360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,806 6,365
Other debtors 42,926 22,491
74,732 28,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 341,257
Trade creditors 36,280 5,995
Amounts owed to group undertakings 1,000 -
Taxation and social security 172,192 25,386
Other creditors 145,422 67,319
354,894 439,957

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,281,582 1,521,856

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 19,041

10. ULTIMATE CONTROLLING PARTY

The controlling party is 360 Global Holdings Limited.

The ultimate controlling party is G C Yates.