REGISTERED NUMBER: 12386909 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GLOBAL CHARTER LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D S Hurley

Mr H Morgan

REGISTERED OFFICE:

International House

142 Cromwell Rd

London

SW7 4EF

REGISTERED NUMBER:

12386909 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

81,207

51,424

Investments

5

1,905,659

-

1,986,866

51,424

CURRENT ASSETS

Debtors

3,085,854

1,733,825

Cash at bank

2,096,774

2,259,600

5,182,628

3,993,425

CREDITORS

Amounts falling due within one year

3,989,612

2,217,747

NET CURRENT ASSETS

1,193,016

1,775,678

TOTAL ASSETS LESS CURRENT LIABILITIES

3,179,882

1,827,102

PROVISIONS FOR LIABILITIES

38,144

-

NET ASSETS

3,141,738

1,827,102

CAPITAL AND RESERVES

Called up share capital

6

100

100

Revaluation reserve

7

27,930

-

Fair value reserve

7

25,597

-

Retained earnings

3,088,111

1,827,002

SHAREHOLDERS' FUNDS

3,141,738

1,827,102

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 July 2025 and were signed on its behalf by:

Mr H Morgan - Director

1.	STATUTORY INFORMATION

Global Charter Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings& equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

83,481

Additions

47,459

At 31 December 2024

130,940

DEPRECIATION

At 1 January 2024

32,057

Charge for year

17,676

At 31 December 2024

49,733

NET BOOK VALUE

At 31 December 2024

81,207

At 31 December 2023

51,424

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

Additions

1,834,290

Revaluations

71,369

At 31 December 2024

1,905,659

NET BOOK VALUE

At 31 December 2024

1,905,659

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2024

71,369

Cost

1,834,290

1,905,659

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

7.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

Revaluation

27,930

-

27,930

Fair value

-

25,597

25,597

At 31 December 2024

27,930

25,597

53,527