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Company Registration No. 03966854 (England and Wales)
Globe Universal Limited Unaudited accounts for the year ended 31 March 2025
Globe Universal Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Globe Universal Limited Company Information for the year ended 31 March 2025
Director
Mr G Hamblyn
Secretary
Mr G Hamblyn
Company Number
03966854 (England and Wales)
Registered Office
Unit 5, Swaker Yard 2B Theobald Street Herts WD6 4SE United Kingdom
Accountants
Platts Unit 5 Swaker Yard 2b Theobald Street Herts WD6 4SE
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Globe Universal Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
550,244
550,244
Current assets
Debtors
5
493,558
493,558
Cash at bank and in hand
10,097
3,054
503,655
496,612
Creditors: amounts falling due within one year
6
(285,778)
(341,947)
Net current assets
217,877
154,665
Total assets less current liabilities
768,121
704,909
Creditors: amounts falling due after more than one year
7
(337,772)
(323,345)
Provisions for liabilities
Deferred tax
(11,365)
(11,365)
Net assets
418,984
370,199
Capital and reserves
Called up share capital
8
100
100
Revaluation reserve
42,899
42,899
Profit and loss account
375,985
327,200
Shareholders' funds
418,984
370,199
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 18 September 2025 and were signed on its behalf by
Mr G Hamblyn Director Company Registration No. 03966854
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Globe Universal Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Globe Universal Limited is a private company, limited by shares, registered in England and Wales, registration number 03966854. The registered office is Unit 5, Swaker Yard, 2B Theobald Street, Herts, WD6 4SE, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 April 2024
550,244
At 31 March 2025
550,244
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
493,558
493,558
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Globe Universal Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
41,944
9,673
Amounts owed to group undertakings and other participating interests
224,472
290,170
Taxes and social security
12,321
-
Other creditors
4,413
16,428
Loans from directors
2,628
25,676
285,778
341,947
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
337,772
323,345
The bank loans are repayable after more than one year and are secured by a fixed and floating charge over the company's property investments.
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The director holds 51% of the company's entire issued share capital. At the balance sheet date, Mr G Hamblyn had given a personal guarantee on the bank loans. The amounts due from group undertakings are represented by Church Road Investments Limited and Centreland Limited in the sums of £44,818 (2024 - £44,818), £448,740 (2024 - £448,740) respectively in which Mr G Hamblyn is a director and shareholder, and which are interest free and repayable on demand. The amounts owed to group undertakings and other participating interests are represented by Benchrealm Limited and Winyates Property Investment Limited in the sums of £105,773 (2024 - £105,773) and £184,713 (2024 - £184,397) respectively in which Mr G Hamblyn is a director and shareholder, and which are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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