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Company Registration No. 10765295 (England and Wales)
Globen Holdings Ltd Unaudited accounts for the year ended 31 May 2024
Globen Holdings Ltd Unaudited accounts Contents
Page
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Globen Holdings Ltd Company Information for the year ended 31 May 2024
Directors
Dr. Oluropo Ebenezer Ojo Mrs. Gloria Morenike Ojo
Company Number
10765295 (England and Wales)
Registered Office
CEDAR PARK HEALTHCARE BOUNDARY LANE SOUTH HYKEHAM LINCOLN LN6 9NQ ENGLAND
Accountants
Best Option Konsult Limited Chartered Management Accountants 17 Brewhouse Road London SE18 5SJ
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Globen Holdings Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
612,577 
612,577 
Current assets
Debtors
1,571 
- 
Cash at bank and in hand
12,388 
- 
13,959 
- 
Creditors: amounts falling due within one year
(363,920)
(328,224)
Net current liabilities
(349,961)
(328,224)
Net assets
262,616 
284,353 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
262,615 
284,352 
Shareholders' funds
262,616 
284,353 
For the year ending 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
Dr. Oluropo Ebenezer Ojo Director Company Registration No. 10765295
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Globen Holdings Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Globen Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 10765295. The registered office is CEDAR PARK HEALTHCARE BOUNDARY LANE, SOUTH HYKEHAM, LINCOLN, LN6 9NQ, ENGLAND.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement.
Taxation
Taxation for the year comprises current tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
4
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
5
Transactions with related parties
As at 31st May 2023, the company owed the company's directors £318,317 (2022 - £105,071). This amount is unsecured, interest free and repayable on demand.
6
Average number of employees
During the year the average number of employees was 5 (2023: 1).
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