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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
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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
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GLOBAL INVESTMENT ADVISORY LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
72,258 
107,058 
Cash at bank and in hand
395 
15 
72,653 
107,073 
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)
Capital and reserves
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
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GLOBAL INVESTMENT ADVISORY LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Plant & machinery
Plant and Machinery etc - 25% on cost
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
32,653 
At 31 March 2024
32,653 
Depreciation
At 1 April 2023
32,653 
At 31 March 2024
32,653 
Net book value
At 31 March 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
34,800 
Other debtors
72,258 
72,258 
72,258 
107,058 
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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 
Accruals
1,200 
1,200 
146,922 
148,461 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,362 
24,970 
Other creditors
333,000 
317,350 
358,362 
342,320 
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.
8
Controlling party
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).
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