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REGISTERED NUMBER: 06957436 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GLOBAL RESOURCING GROUP LIMITED

GLOBAL RESOURCING GROUP LIMITED (REGISTERED NUMBER: 06957436)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL RESOURCING GROUP LIMITED

Company Information
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: Mr D A Cole
Mr G W Harris
Mr R A Johnson





REGISTERED OFFICE: 4th Floor Radius House
51 Clarendon Road
Watford
WD17 1HP





REGISTERED NUMBER: 06957436 (England and Wales)





ACCOUNTANTS: Total Back Office Solutions Limited
4th Floor Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

GLOBAL RESOURCING GROUP LIMITED (REGISTERED NUMBER: 06957436)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 2,045,683 2,045,683

CURRENT ASSETS
Debtors 5 51,640 51,640
Cash at bank 309 6,409
51,949 58,049
CREDITORS
Amounts falling due within one year 6 (33,626 ) (29,096 )
NET CURRENT ASSETS 18,323 28,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,064,006

2,074,636

CREDITORS
Amounts falling due after more than one
year

7

(1,435,978

)

(1,490,085

)
NET ASSETS 628,028 584,551

CAPITAL AND RESERVES
Called up share capital 960 960
Share premium 409,970 409,970
Retained earnings 217,098 173,621
628,028 584,551

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.

GLOBAL RESOURCING GROUP LIMITED (REGISTERED NUMBER: 06957436)

Balance Sheet - 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 6 September 2024 and were signed on its behalf by:





Mr D A Cole - Director


GLOBAL RESOURCING GROUP LIMITED (REGISTERED NUMBER: 06957436)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 December 2023


1. STATUTORY INFORMATION

Global Resourcing Group 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2,045,683
NET BOOK VALUE
At 31 December 2023 2,045,683
At 31 December 2022 2,045,683

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 51,640 51,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax (1 ) -
Directors' current accounts 13,878 9,348
Accrued expenses 19,749 19,748
33,626 29,096

GLOBAL RESOURCING GROUP LIMITED (REGISTERED NUMBER: 06957436)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Related party creditor 1,435,978 1,490,085

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £1,435,978 (2022: £1,490,085) owed to a subsidiary Global Resourcing Ltd.

Included within debtors is an amount of £50,800 (2022: £50,800) owed from a subsidiary Comrisk Associates Ltd.

Included within other creditors is an amount of £1,131 (2022: £1,131), owed to Mr G Harris, a director.

Included within other creditors is an amount of £12,746 (2022: £8,217) owed to Mr D Cole, a director.

9. ULTIMATE CONTROLLING PARTY

By virtue of his shareholding, Mr G Harris, together with close members of his family, controls the company.