IRIS Accounts Production v25.1.3.33 09921883 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099218832023-12-31099218832024-12-31099218832024-01-012024-12-31099218832022-12-31099218832023-01-012023-12-31099218832023-12-3109921883ns15:EnglandWales2024-01-012024-12-3109921883ns14:PoundSterling2024-01-012024-12-3109921883ns10:Director12024-01-012024-12-3109921883ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109921883ns10:SmallEntities2024-01-012024-12-3109921883ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3109921883ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109921883ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109921883ns10:FullAccounts2024-01-012024-12-3109921883ns10:OrdinaryShareClass12024-01-012024-12-3109921883ns10:Director22024-01-012024-12-3109921883ns10:CompanySecretary12024-01-012024-12-3109921883ns10:RegisteredOffice2024-01-012024-12-3109921883ns5:CurrentFinancialInstruments2024-12-3109921883ns5:CurrentFinancialInstruments2023-12-3109921883ns5:Non-currentFinancialInstruments2024-12-3109921883ns5:Non-currentFinancialInstruments2023-12-3109921883ns5:ShareCapital2024-12-3109921883ns5:ShareCapital2023-12-3109921883ns5:RetainedEarningsAccumulatedLosses2024-12-3109921883ns5:RetainedEarningsAccumulatedLosses2023-12-3109921883ns5:PlantMachinery2024-01-012024-12-3109921883ns5:FurnitureFittings2024-01-012024-12-3109921883ns5:LandBuildings2023-12-3109921883ns5:LeaseholdImprovements2023-12-3109921883ns5:PlantMachinery2023-12-3109921883ns5:FurnitureFittings2023-12-3109921883ns5:LandBuildings2024-01-012024-12-3109921883ns5:LeaseholdImprovements2024-01-012024-12-3109921883ns5:LandBuildings2024-12-3109921883ns5:LeaseholdImprovements2024-12-3109921883ns5:PlantMachinery2024-12-3109921883ns5:FurnitureFittings2024-12-3109921883ns5:LandBuildings2023-12-3109921883ns5:LeaseholdImprovements2023-12-3109921883ns5:PlantMachinery2023-12-3109921883ns5:FurnitureFittings2023-12-3109921883ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-12-3109921883ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3109921883ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 09921883 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Global Fortune Limited

Global Fortune Limited (Registered number: 09921883)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

Global Fortune Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs Damini Sharma
Mrs Anshu Sharma





SECRETARY:





REGISTERED OFFICE: Unit 220
116 Ballards Lane
London
N3 2DN





REGISTERED NUMBER: 09921883 (England and Wales)





ACCOUNTANT: Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB

Global Fortune Limited (Registered number: 09921883)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 209,588 209,588

CURRENT ASSETS
Cash at bank and in hand 63,017 54,792

CREDITORS
Amounts falling due within one year 5 155,368 152,250
NET CURRENT LIABILITIES (92,351 ) (97,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,237

112,130

CREDITORS
Amounts falling due after more than one
year

6

110,961

111,079
NET ASSETS 6,276 1,051

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 6,176 951
SHAREHOLDERS' FUNDS 6,276 1,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:



Mrs Damini Sharma - Director


Global Fortune Limited (Registered number: 09921883)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Global Fortune 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

Global Fortune Limited (Registered number: 09921883)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 January 2024 202,500 7,088 245 2,074 211,907
Disposals - - (245 ) (2,074 ) (2,319 )
At 31 December 2024 202,500 7,088 - - 209,588
DEPRECIATION
At 1 January 2024 - - 245 2,074 2,319
Eliminated on disposal - - (245 ) (2,074 ) (2,319 )
At 31 December 2024 - - - - -
NET BOOK VALUE
At 31 December 2024 202,500 7,088 - - 209,588
At 31 December 2023 202,500 7,088 - - 209,588

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,343 458
Other creditors 154,025 151,792
155,368 152,250

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 110,961 111,079

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan (Romney) 52,036 52,142
Bank loan (Glendore) 58,925 58,937
110,961 111,079

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs Anshu Sharma.

Global Fortune Limited

Report of the Accountant to the Directors of
Global Fortune Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB


24 July 2025