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REGISTERED NUMBER: 02461823 (England and Wales)












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: Mr A Khan
Mrs J A Khan



REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



REGISTERED NUMBER: 02461823 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Handelsbanken
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 4 939 1,798
Investment property 5 294,687 294,687
295,626 296,485

CURRENT ASSETS
Debtors 6 402,242 168,422
Cash at bank 19,128 14,713
421,370 183,135
CREDITORS
Amounts falling due within one year 7 301,731 34,246
NET CURRENT ASSETS 119,639 148,889
TOTAL ASSETS LESS CURRENT LIABILITIES 415,265 445,374

CREDITORS
Amounts falling due after more than
one year

8

25,901

38,851
NET ASSETS 389,364 406,523

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 389,264 406,423
SHAREHOLDERS' FUNDS 389,364 406,523

GLOBALHOUR LIMITED (REGISTERED NUMBER: 02461823)

BALANCE SHEET - continued
30 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mr A Khan - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 30 March 2024 10,380
DEPRECIATION
At 1 April 2023 8,582
Charge for period 859
At 30 March 2024 9,441
NET BOOK VALUE
At 30 March 2024 939
At 31 March 2023 1,798

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023
and 30 March 2024 294,687
NET BOOK VALUE
At 30 March 2024 294,687
At 31 March 2023 294,687

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 - 165,973
Directors' current accounts 401,967 -
VAT - 1,809
Prepayments and accrued income 275 640
402,242 168,422

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Bank loans 12,951 12,951
Corporation tax 5,819 8,870
VAT 8,597 -
Other creditors 261,413 -
Accruals and deferred income 12,951 12,425
301,731 34,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.3.24 31.3.23
£    £   
Bank loans 25,901 38,851

9. SECURED DEBTS

The following secured debts are included within creditors:

30.3.24 31.3.23
£    £   
Bank loans 38,852 51,802

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: £    £   
100 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
£    £   
Mr A Khan and Mrs J A Khan
Balance outstanding at start of period - 151,723
Amounts advanced 429,107 5,767
Amounts repaid (27,140 ) (157,490 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 401,967 -

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