Company Registration No. 05940616 (England and Wales)
GLOVER EDWARDS INVESTMENTS LIMITED
Unaudited accounts
for the year ended 30 September 2024
GLOVER EDWARDS INVESTMENTS LIMITED
Unaudited accounts
Contents
GLOVER EDWARDS INVESTMENTS LIMITED
Company Information
for the year ended 30 September 2024
Directors
S Glover
J Meredith
C R Glover
Company Number
05940616 (England and Wales)
Registered Office
49 WESTERHAM ROAD
SEVENOAKS
KENT
TN13 2QB
UNITED KINGDOM
GLOVER EDWARDS INVESTMENTS LIMITED
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
6,498
6,718
Creditors: amounts falling due within one year
(123,713)
(98,512)
Net current assets
6,306
10,722
Total assets less current liabilities
6,306
10,722
Creditors: amounts falling due after more than one year
(729)
(1,729)
Called up share capital
100
100
Profit and loss account
5,477
8,893
Shareholders' funds
5,577
8,993
For the year ending 30 September 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.
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 20 June 2025 and were signed on its behalf by
J Meredith
Director
Company Registration No. 05940616
GLOVER EDWARDS INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
GLOVER EDWARDS INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05940616. The registered office is 49 WESTERHAM ROAD, SEVENOAKS, KENT, TN13 2QB, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% pa straight line basis
The directors have confirmed that they will continue to give financial support to the company until such time as its position improves.
The directors have confirmed that they will not recall their loans within the next 12 months.
The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if any financial support were withdrawn.
GLOVER EDWARDS INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment
Investments held at the year end, all with £Nil value, were in startup corporations as follows:
ASAF Critical Metals Ltd Incorporated in Canada 5million Common Shares
ASAF Mining Royalties Ltd Incorporated in Gibraltar 5million Ordinary $0.001 shares
Frontier Mining Value Ltd Incorporated in the Marshall Islands 600,000 Common Shares
Infrastructure Commodities Ltd Incorporated in the Marshall Islands 5million Common Shares
Amounts falling due within one year
Trade debtors
116,021
102,516
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,000
1,000
Taxes and social security
-
263
Loans from directors
104,428
89,459
The Company took advantage of the Governments' Bounce Back Loan Scheme through Santander. The full loan of £5000 is over 72 months commencing June 2020 and accrues interest at 2.5%. The first year's interest is covered by the Government Business Interruption Payment.
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).