1 October 2023 false Taxfiler 2024.6 true 05940616business:PrivateLimitedCompanyLtd2023-10-012024-09-30 059406162023-09-30 059406162023-10-012024-09-30 05940616business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 05940616business:FilletedAccounts2023-10-012024-09-30 059406162024-09-30 05940616business:Director12023-10-012024-09-30 05940616business:Director22023-10-012024-09-30 05940616business:Director32023-10-012024-09-30 05940616business:CompanySecretary12023-10-012024-09-30 05940616business:RegisteredOffice2023-10-012024-09-30 059406162023-09-30 05940616core:WithinOneYear2024-09-30 05940616core:WithinOneYear2023-09-30 05940616core:AfterOneYear2024-09-30 05940616core:AfterOneYear2023-09-30 05940616core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 05940616core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 05940616core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 05940616core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 05940616core:PreviouslyStatedAmount2024-09-30 05940616core:PreviouslyStatedAmount2023-09-30 05940616business:SmallEntities2023-10-012024-09-30 05940616countries:EnglandWales2023-10-012024-09-30 05940616core:ComputerEquipment2023-10-012024-09-30 05940616core:ComputerEquipment2023-09-30 05940616core:ComputerEquipment2024-09-30 05940616core:WithinOneYear2023-10-012024-09-30 059406162022-10-012023-09-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
GLOVER EDWARDS INVESTMENTS LIMITED Company Information for the year ended 30 September 2024
Directors
S Glover J Meredith C R Glover
Secretary
J Meredith
Company Number
05940616 (England and Wales)
Registered Office
49 WESTERHAM ROAD SEVENOAKS KENT TN13 2QB UNITED KINGDOM
- 3 -
GLOVER EDWARDS INVESTMENTS LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
123,521 
102,516 
Cash at bank and in hand
6,498 
6,718 
130,019 
109,234 
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)
Net assets
5,577 
8,993 
Capital and reserves
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
- 4 -
GLOVER EDWARDS INVESTMENTS LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
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.
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
Going concern
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.
- 5 -
GLOVER EDWARDS INVESTMENTS LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
300 
At 30 September 2024
300 
Depreciation
At 1 October 2023
300 
At 30 September 2024
300 
Net book value
At 30 September 2024
- 
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
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
116,021 
102,516 
Other debtors
7,500 
- 
123,521 
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 
Other creditors
10,593 
- 
Loans from directors
104,428 
89,459 
Accruals
7,692 
7,790 
123,713 
98,512 
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 
£ 
£ 
Bank loans
729 
1,729 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -