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REGISTERED NUMBER: 12949028 (England and Wales)
















Global Family Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025






Global Family Limited (Registered number: 12949028)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Global Family Limited

Company Information
for the Year Ended 31st March 2025







Director: Mr. N Patel





Registered office: 100 Fenchurch Street
London
EC3M 5JD





Registered number: 12949028 (England and Wales)





Accountants: AN Accountancy
Accountants
4th Floor
100 Fenchurch Street
London
United Kingdom
EC3M 5JD

Global Family Limited (Registered number: 12949028)

Statement of Financial Position
31st March 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Intangible assets 4 31,641 37,308
Tangible assets 5 19,801 26,091
51,442 63,399

Current assets
Debtors 6 20,448 9,278
Cash at bank 46,537 29,361
66,985 38,639
Creditors
Amounts falling due within one year 7 20,872 17,187
Net current assets 46,113 21,452
Total assets less current liabilities 97,555 84,851

Provisions for liabilities 4,950 6,001
Net assets 92,605 78,850

Capital and reserves
Called up share capital 100 100
Retained earnings 92,505 78,750
92,605 78,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Global Family Limited (Registered number: 12949028)

Statement of Financial Position - continued
31st March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th July 2025 and were signed by:





Mr. N Patel - Director


Global Family Limited (Registered number: 12949028)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. Statutory information

Global Family 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

Global Family Limited (Registered number: 12949028)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st April 2024
and 31st March 2025 56,670
Amortisation
At 1st April 2024 19,362
Charge for year 5,667
At 31st March 2025 25,029
Net book value
At 31st March 2025 31,641
At 31st March 2024 37,308

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1st April 2024 4,553 31,193 35,746
Additions 311 - 311
At 31st March 2025 4,864 31,193 36,057
Depreciation
At 1st April 2024 1,857 7,798 9,655
Charge for year 752 5,849 6,601
At 31st March 2025 2,609 13,647 16,256
Net book value
At 31st March 2025 2,255 17,546 19,801
At 31st March 2024 2,696 23,395 26,091

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 15,679 9,278
Other debtors 4,769 -
20,448 9,278

Global Family Limited (Registered number: 12949028)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 7,779 6,107
Taxation and social security 10,593 8,461
Other creditors 2,500 2,619
20,872 17,187

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025 2024
£    £   
Mr. N Patel
Balance outstanding at start of year - -
Amounts advanced 4,769 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,769 -