Silverfin false true 30/06/2024 01/07/2023 30/06/2024 S D Gordon 03/06/2011 M P Jacobs 03/06/2011 D B Kessler 14/03/2011 26 March 2025 The company is dormant and did not trade during the year. 07548633 2024-06-30 07548633 bus:Director1 2024-06-30 07548633 bus:Director2 2024-06-30 07548633 bus:Director3 2024-06-30 07548633 core:CurrentFinancialInstruments 2024-06-30 07548633 core:CurrentFinancialInstruments 2023-06-30 07548633 2023-06-30 07548633 core:ShareCapital 2024-06-30 07548633 core:ShareCapital 2023-06-30 07548633 2023-07-01 2024-06-30 07548633 bus:FilletedAccounts 2023-07-01 2024-06-30 07548633 bus:SmallEntities 2023-07-01 2024-06-30 07548633 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07548633 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07548633 bus:Director1 2023-07-01 2024-06-30 07548633 bus:Director2 2023-07-01 2024-06-30 07548633 bus:Director3 2023-07-01 2024-06-30 07548633 1 2023-07-01 2024-06-30 iso4217:GBP

Company No: 07548633 (England and Wales)

GLOBALSHOTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

GLOBALSHOTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

GLOBALSHOTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
GLOBALSHOTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Current assets
Debtors 2 111,640 111,640
111,640 111,640
Creditors: amounts falling due within one year 3 ( 111,639) ( 111,639)
Net current assets 1 1
Total assets less current liabilities 1 1
Net assets 1 1
Capital and reserves
Called-up share capital 1 1
Total shareholder's funds 1 1

Globalshots Limited (registered number: 07548633) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Globalshots Limited (registered number: 07548633) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M P Jacobs
Director

26 March 2025

GLOBALSHOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
GLOBALSHOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Globalshots Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors do not consider the company to be a going concern because the company is no longer trading and have therefore prepared the financial statements on a basis other than going concern. There has been no financial impairment of the company's assets as a result of this basis of valuation.

The Company had net assets of £1 as of 30 June 2024 and the directors have confirmed that the parent undertaking will support the company to enable it to meet current liabilities as they fall due during this period of inactivity.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including other debtors and loans to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including other creditors and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Debtors

2024 2023
£ £
Other debtors 111,640 111,640

3. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 111,639 111,639

4. Related party transactions

Included within other debtors is a balance of £44,836 (2023: £44,836) owed by a company under group control. This balance is unsecured and interest-free with no fixed repayment terms.

Also included within other debtors is a balance of £66,803 (2023: £63,803) owed by a company under common control. This balance is unsecured and interest-free with no fixed repayment terms.

Included within other creditors due within one year is a balance of £108,279 (2023: £108,279) owed to a company controlled by two Directors. This balance is unsecured and interest-free with no fixed repayment terms.

Also included within other creditors due within one year is a balance of £3,360 (2023: £3,360) owed to the Directors. This balance is unsecured and interest-free with no fixed repayment terms.

5. Ultimate controlling party

Parent Company:

Met Property Finance LLP

No single party has ultimate control.