Global Hill Limited - Filleted accounts

Registered number

10236198

Global Hill Limited

Filleted Accounts

31 December 2024

Global Hill Limited
Registered number:		10236198
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		150,498			150,498

Current assets
Debtors	4	480			480
Cash at bank and in hand		1,058			1,508
		1,538			1,988

Creditors: amounts falling due within one year	5	(110,161)			(116,338)

Net current liabilities			(108,623)			(114,350)

Net assets			41,875			36,148

Capital and reserves
Called up share capital			100			100
Profit and loss account			41,775			36,048

Shareholder's funds			41,875			36,148

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S H Wong
Director
Approved by the board on 26 September 2025

Global Hill Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 Properties
	Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 January 2024			150,498
	At 31 December 2024			150,498

	Depreciation
	At 31 December 2024			-

	Net book value
	At 31 December 2024			150,498
	At 31 December 2023			150,498


4	Debtors	2024		2023
£			£

	Other debtors	480		480


5	Creditors: amounts falling due within one year	2024		2023
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	108,170		114,398
	Taxation and social security costs	1,427		1,394
	Other creditors	564		546
		110,161		116,338


6	Related party transactions

	Canwell Investments Limited Holding Company
£

	Amount due to related party at balance sheet date	108,170


7	Controlling party

	Canwell Investments Limited is regarded by the directors as being the company's ultimate parent company. The Group is under the control of S H Wong.


8	Other information

	Global Hill Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8.02 The Southside Building
	31 Hurst Street
	Birmingham
	West Midlands
	B5 4BD