GLOBAL BUSINESS (UK) LIMITED

Company Registration Number:
05918035 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

GLOBAL BUSINESS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Profit and Loss notes - 11
Balance sheet notes - 12

GLOBAL BUSINESS (UK) LIMITED

Company Information

for the Period Ended 31 August 2024




Director: MR FATHY IBRAHIM ALY
MRS NAGLAA AHMED SHAWKY AHMED
Registered office: 16
King George Avenue
Blackpool
Lancashire
England
FY2 9SN
Company Registration Number: 05918035 (England and Wales)

GLOBAL BUSINESS (UK) LIMITED

Directors' Report Period Ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal Activities

The company is trading in the hospitality sector, and is running 2 small hotels on bed and breakfast only.

Political and charitable donations

None.

Company policy on the employment of disabled persons

We do not have any employees with disability, it is only us the directors who run the business with the assistance of some casual workers.

Directors

The directors shown below have held office during the whole of the period from 01 September 2023 to 31 August 2024
MR FATHY IBRAHIM ALY
MRS NAGLAA AHMED SHAWKY AHMED

This report was approved by the board of directors on 4 January 2025
And Signed On Behalf Of The Board By:

Name: MR FATHY IBRAHIM ALY
Status: Director

Name: MRS NAGLAA AHMED SHAWKY AHMED
Status: Director

GLOBAL BUSINESS (UK) LIMITED

Profit and Loss Account

for the Period Ended 31 August 2024


Notes

2024
£

2023
£
Turnover 63,431 77,834
Cost of sales ( 8,305 ) ( 8,965 )
Gross Profit or (Loss) 55,126 68,869
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 77,702 ) ( 69,380 )
Other operating income 0 0
Operating Profit or (Loss) ( 22,576 ) ( 511 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 4 ( 22,576 ) ( 511 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 22,576 ) ( 511 )

The notes form part of these financial statements

GLOBAL BUSINESS (UK) LIMITED

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 418,964 422,294
Total fixed assets: 418,964 422,294
Current assets
Stocks: 0 0
Debtors: 6 0 0
Cash at bank and in hand: 150 150
Total current assets: 150 150
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 99,066 ) ( 57,063 )
Net current assets (liabilities): ( 98,916 ) ( 56,913 )
Total assets less current liabilities: 320,048 365,381
Creditors: amounts falling due after more than one year: 8 ( 319,761 ) ( 340,388 )
Provision for liabilities: ( 3,079 ) ( 5,209 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 2,792 ) 19,784

The notes form part of these financial statements

GLOBAL BUSINESS (UK) LIMITED

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 9 19,684 20,195
Profit and loss account: ( 22,576 ) ( 511 )
Shareholders funds: ( 2,792 ) 19,784

For the year ending 31 August 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 4 January 2025
And Signed On Behalf Of The Board By:

Name: MR FATHY IBRAHIM ALY
Status: Director

Name: MRS NAGLAA AHMED SHAWKY AHMED
Status: Director

The notes form part of these financial statements

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4.Profit or (Loss) before tax

Due to the bad weather this year, we have lost nearly 4 months of trading due to booking cancellations, plus extra taxes we had to pay to blackppol council for business rates and council taxes they didn't charge from previous years.

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 01 September 2023 395,023 7,165 13,561 - 6,545 422,294
Additions - 323 1,992 - - 2,315
Disposals - - - - - -
Revaluations - - - - - -
Transfers - - - - - -
At 31 August 2024 395,023 7,488 15,553 - 6,545 424,609
Depreciation
At 01 September 2023 - - - - - -
Charge for year - 1,856 3,789 - - 5,645
On disposals - - - - - -
Other adjustments - - - - - -
At 31 August 2024 - 1,856 3,789 - - 5,645
Net book value
At 31 August 2024 395,023 5,632 11,764 - 6,545 418,964
At 31 August 2023 395,023 7,165 13,561 - 6,545 422,294

The depreciation is calculated at 20% (straight line) over 5 years.

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Debtors


2024
£

2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 49,472 35,255
Amounts due under finance leases and hire purchase contracts 42,125 21,808
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 7,469 0
Total 99,066 57,063

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 299,134 318,142
Other creditors 20,627 22,246
Total 319,761 340,388

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

9. Revaluation reserve


2024
£
Balance at 01 September 2023 20,195
Surplus or deficit after revaluation ( 511 )
Balance at 31 August 2024 19,684