| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
| FOR |
| GLOBALHOUR LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
| FOR |
| GLOBALHOUR LIMITED |
| GLOBALHOUR LIMITED (REGISTERED NUMBER: 02461823) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| GLOBALHOUR LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 12 Victoria Road |
| Barnsley |
| South Yorkshire |
| S70 2BB |
| BANKERS: |
| Unit G |
| First Floor |
| Bradmarsh Way |
| Rotherham |
| S60 1BP |
| GLOBALHOUR LIMITED (REGISTERED NUMBER: 02461823) |
| BALANCE SHEET |
| 30 MARCH 2024 |
| 30.3.24 | 31.3.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| GLOBALHOUR LIMITED (REGISTERED NUMBER: 02461823) |
| BALANCE SHEET - continued |
| 30 MARCH 2024 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
| GLOBALHOUR LIMITED (REGISTERED NUMBER: 02461823) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
| 1. | STATUTORY INFORMATION |
| GlobalHour Limited is a |
| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| The significant judgement and estimate used in the preparation of the financial statements is that the current carrying value of the investment property in the financial statements is an estimate by the directors. The directors believe the estimate is a reasonable representation of its actual market value. No independent valuation was obtained at the year end. |
| Turnover |
| The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
| Computer equipment | - 20% on cost |
| Investment property |
| Investment properties are initially recognised in the financial statements at historic cost. In subsequent years investment properties are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss. |
| Pension costs |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| GLOBALHOUR LIMITED (REGISTERED NUMBER: 02461823) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Turnover |
| Turnover from property rental is measured at the fair value of the consideration received or receivable net of VAT. |
| Rental income is recognised on a straight-line basis over the lease term. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 April 2023 |
| and 30 March 2024 |
| DEPRECIATION |
| At 1 April 2023 |
| Charge for period |
| At 30 March 2024 |
| NET BOOK VALUE |
| At 30 March 2024 |
| At 31 March 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 April 2023 |
| and 30 March 2024 |
| NET BOOK VALUE |
| At 30 March 2024 |
| At 31 March 2023 |
| GLOBALHOUR LIMITED (REGISTERED NUMBER: 02461823) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Other debtors |
| Directors' current accounts |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Bank loans |
| Corporation tax |
| VAT |
| Other creditors |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Bank loans |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Bank loans |
| Bank loans totalling £38,852 are secured by a fixed and floating charge over the undertaking and all property and assets present and future. |
| GLOBALHOUR LIMITED (REGISTERED NUMBER: 02461823) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.3.24 | 31.3.23 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the period ended 30 March 2024 and the year ended 31 March 2023: |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 12. | RELATED PARTY DISCLOSURES |
| Other related parties |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Amounts advanced to related parties | 3,132 | 1,100 |
| Amounts repaid by related parties | 24,051 | 22,588 |
| Amounts due from related parties | - | 164,870 |
| Amounts reassigned | 405,218 | 147,418 |