Company Registration No. 07542195 (England and Wales)
GLOBAL INVESTMENT ADVISORY LTD
Unaudited accounts
for the year ended 31 March 2024
GLOBAL INVESTMENT ADVISORY LTD
Unaudited accounts
Contents
GLOBAL INVESTMENT ADVISORY LTD
Company Information
for the year ended 31 March 2024
Director
Dr Mohan Lal Kaul
Company Number
07542195 (England and Wales)
Registered Office
124 CITY ROAD
LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
Lotus Accountancy Ltd
306
Church Road, Northolt
London
UB5 5AP
GLOBAL INVESTMENT ADVISORY LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
395
15
Creditors: amounts falling due within one year
(146,922)
(148,461)
Net current liabilities
(74,269)
(41,388)
Total assets less current liabilities
(74,269)
(41,388)
Creditors: amounts falling due after more than one year
(358,362)
(342,320)
Net liabilities
(432,631)
(383,708)
Called up share capital
1
1
Profit and loss account
(432,632)
(383,709)
Shareholders' funds
(432,631)
(383,708)
For the year ending 31 March 2024 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 1 October 2024 and were signed on its behalf by
Dr Mohan Lal Kaul
Director
Company Registration No. 07542195
GLOBAL INVESTMENT ADVISORY LTD
Notes to the Accounts
for the year ended 31 March 2024
GLOBAL INVESTMENT ADVISORY LTD is a private company, limited by shares, registered in England and Wales, registration number 07542195. The registered office is 124 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
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:
Plant & machinery
Plant and Machinery etc - 25% on cost
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
72,258
72,258
GLOBAL INVESTMENT ADVISORY LTD
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,748
4,974
Taxes and social security
272
1,183
Other creditors
141,702
141,104
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
333,000
317,350
The bank loan is unsecured and is under the Bounce Back Loan scheme. The loan bears interest at 2.5% per annum and is repayable in instalments over 5 years commencing October 2021.
The controlling party is Dr Mohan Lal Kaul.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).