| REGISTERED NUMBER: |
| Unaudited financial statements |
| for the period 24 October 2023 to 31 December 2024 |
| For |
| GloboCorps International Limited |
| REGISTERED NUMBER: |
| Unaudited financial statements |
| for the period 24 October 2023 to 31 December 2024 |
| For |
| GloboCorps International Limited |
| GloboCorps International Limited (Registered number: 15232192) |
| Contents of the financial statements |
| for the period 24 October 2023 to 31 December 2024 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 2 |
| GloboCorps International Limited (Registered number: 15232192) |
| Balance sheet |
| 31 December 2024 |
| Notes | € |
| Fixed assets |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Creditors |
| Amounts falling due within one year | 7 | ( |
) |
| Net current liabilities | ( |
) |
| Total assets less current liabilities | ( |
) |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings | ( |
) |
| ( |
) |
| 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 by the Board of Directors and authorised for issue on |
| GloboCorps International Limited (Registered number: 15232192) |
| Notes to the financial statements |
| for the period 24 October 2023 to 31 December 2024 |
| 1. | Statutory information |
| The principal activity of GloboCorps International Limited is that of an investment holding company. |
| The company is a private company limited by shares and incorporated in the UK. Its registered office is Suite 1, 7th Floor, 50 Broadway, London, United Kingdom, SW1H ODB. The company's registered number is 15232192. |
| The financial statements are presented in Euro, which is the functional currency of the company. |
| The company has no employees. |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities measured at fair value through the statement of comprehensive income. |
| Comparative period |
| These financial statements cover the company's first accounting period from 24 October 2023 to 31 December 2024. As this is the first period of accounts, no comparative figures for a prior period are presented. The period covers 14 months, which is longer than a standard 12-month year. |
| Comparative information will be provided in future periods where applicable. |
| Going concern |
| The company is dependent on the continued financial support of the lenders in order to enable it to continue operating and to meet its liabilities as they fall due. The lenders have agreed to continue to provide financial support to the company and accordingly the directors have prepared the financial statements under the going concern concept. |
| Expenses |
| Expenses are recognised on an accruals basis. |
| Foreign currency |
| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. |
| At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. |
| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. |
| Taxation |
| Taxation expense for the period where applicable comprises current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income. |
| GloboCorps International Limited (Registered number: 15232192) |
| Notes to the financial statements - continued |
| for the period 24 October 2023 to 31 December 2024 |
| Current or deferred taxation assets and liabilities are not discounted. Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. |
| Investments |
| Investment in subsidiary companies |
| Investment in subsidiary companies are held at cost less accumulated impairment losses. |
| 4. | Employees and directors |
| The average number of employees during the period was NIL. |
| 5. | Fixed asset investments |
| 2024 |
| € |
| Brought forward | - |
| Additions | 224,614 |
| 224,614 |
| Analysed as: |
| AFRICAN OFFICE OF ENGINEERING SARL | 1,067 |
| GLOBO AFRIQUE SARL | 149,566 |
| GLOBO EQUIPMENT & SECURITY SARL | 73,281 |
| SYMALO | 700 |
| 224,614 |
| AFRICAN OFFICE OF ENGINEERING SARL |
| The company owns 70% of the equity share capital of AFRICAN OFFICE OF ENGINEERING SARL, a company incorporated in Senegal. |
| GLOBO AFRIQUE SARL |
| The company owns 90% of the equity share capital of GLOBO AFRIQUE SARL, a company incorporated in Senegal. |
| GLOBO EQUIPMENT & SECURITY SARL |
| The company owns 70% of the equity share capital of GLOBO EQUIPMENT & SECURITY SARL, a company incorporated in Senegal. |
| SYMALO |
| The company owns 70% of the equity share capital of SYMALO, an international trading company incorporated in France. |
| GloboCorps International Limited (Registered number: 15232192) |
| Notes to the financial statements - continued |
| for the period 24 October 2023 to 31 December 2024 |
| 6. | Debtors: amounts falling due within one year |
| 2024 |
| € |
| Makamy Limited | 300 |
| Other debtors | 1,200 |
| Prepayments | 6,600 |
| 8,100 |
| 7. | Creditors: amounts falling due within one year |
| 2024 |
| € |
| Bank overdraft (unsecured) | 260 |
| Trade creditors | 7,400 |
| Shareholder loans payable | 233,914 |
| Accruals | 1,500 |
| 243,074 |
| The Shareholder loans payable are unsecured, interest free and repayable on demand. |
| 8. | Called up share capital |
| 2024 |
| € |
| 3,000 Ordinary shares of €1 |
| Allotted, called up and fully paid |
| At 24 October | - |
| Issued | 3,000 |
| 3,000 |