IRIS Accounts Production v25.3.0.601 01990307 director 1.3.24 28.2.25 28.2.25 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01990307 2024-02-29 01990307 2025-02-28 01990307 2024-03-01 2025-02-28 01990307 2023-02-28 01990307 2023-03-01 2024-02-29 01990307 2024-02-29 01990307 ns15:EnglandWales 2024-03-01 2025-02-28 01990307 ns14:PoundSterling 2024-03-01 2025-02-28 01990307 ns10:Director1 2024-03-01 2025-02-28 01990307 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 01990307 ns10:SmallEntities 2024-03-01 2025-02-28 01990307 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 01990307 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 01990307 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 01990307 ns10:FullAccounts 2024-03-01 2025-02-28 01990307 ns10:RegisteredOffice 2024-03-01 2025-02-28 01990307 ns5:CurrentFinancialInstruments 2025-02-28 01990307 ns5:CurrentFinancialInstruments 2024-02-29 01990307 ns5:ShareCapital 2025-02-28 01990307 ns5:ShareCapital 2024-02-29 01990307 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 01990307 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 01990307 ns5:FurnitureFittings 2024-02-29 01990307 ns5:ComputerEquipment 2024-02-29 01990307 ns5:FurnitureFittings 2024-03-01 2025-02-28 01990307 ns5:ComputerEquipment 2024-03-01 2025-02-28 01990307 ns5:FurnitureFittings 2025-02-28 01990307 ns5:ComputerEquipment 2025-02-28 01990307 ns5:FurnitureFittings 2024-02-29 01990307 ns5:ComputerEquipment 2024-02-29 01990307 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 01990307 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29

REGISTERED NUMBER: 01990307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

GLOBAL STRATEGIC RESOURCES LIMITED

GLOBAL STRATEGIC RESOURCES LIMITED (REGISTERED NUMBER: 01990307)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

GLOBAL STRATEGIC RESOURCES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTOR: | N P Cremin

| REGISTERED OFFICE: | The Galleries

| Charters Road

| Sunningdale

| Ascot

| Berkshire

| SL5 9QJ

| REGISTERED NUMBER: | 01990307 (England and Wales)

| ACCOUNTANTS: | Davis Burton Sellek

| Chartered Accountants

| The Galleries

| Charters Road

| Sunningdale

| Berkshire

| SL5 9QJ

| BANKERS: | Coutts & Co

| St Martins Lane

| 440 Strand

| London

| WC2R 0QS

GLOBAL STRATEGIC RESOURCES LIMITED (REGISTERED NUMBER: 01990307)

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 31 |  | 77 |  |

Investments | 5 | - |  | - |  |

31 |  | 77 |  |

CURRENT ASSETS

Debtors | 6 | 31,328 |  | 32,340 |  |

Cash at bank | 42 |  | 56 |  |

31,370 |  | 32,396 |  |

CREDITORS

Amounts falling due within one year | 7 | 275,982 |  | 272,364 |  |

NET CURRENT LIABILITIES | (244,612 | ) | (239,968 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (244,581 | ) | (239,891 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (244,681 | ) | (239,991 | ) |

SHAREHOLDERS' FUNDS | (244,581 | ) | (239,891 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GLOBAL STRATEGIC RESOURCES LIMITED (REGISTERED NUMBER: 01990307)

BALANCE SHEET - continued

28 FEBRUARY 2025

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2025 and were signed by:

N P Cremin - Director

GLOBAL STRATEGIC RESOURCES LIMITED (REGISTERED NUMBER: 01990307)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Global Strategic Resources 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.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

| Going concern

| The financial statements have been prepared on the going concern basis, however, the company is reliant on the director's continued financial support. Despite the deficit of net assets at the balance sheet date, the director, who is the sole shareholder, confirms his belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements.

| Tangible fixed assets

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

| life.

| Fixtures and fittings - 15% on cost

| Computer equipment - 33% on cost

GLOBAL STRATEGIC RESOURCES LIMITED (REGISTERED NUMBER: 01990307)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

| Equity instruments

| Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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.

GLOBAL STRATEGIC RESOURCES LIMITED (REGISTERED NUMBER: 01990307)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024

| and 28 February 2025 | 4,445 |  | 2,685 |  | 7,130 |  |

| DEPRECIATION

| At 1 March 2024 | 4,368 |  | 2,685 |  | 7,053 |  |

| Charge for year | 46 |  | - |  | 46 |  |

| At 28 February 2025 | 4,414 |  | 2,685 |  | 7,099 |  |

| NET BOOK VALUE

| At 28 February 2025 | 31 |  | - |  | 31 |  |

| At 29 February 2024 | 77 |  | - |  | 77 |  |

5. | FIXED ASSET INVESTMENTS

| In March 2016, Global Strategic Resources Limited acquired 1,428 Ordinary shares in Energease Limited, a company registered in Malta. The company still retains title to these shares at the year end date of 28 February 2025 but no value is included in the balance sheet as no consideration was exchanged by Global Strategic Resources Limited on acquisition. The capital and reserves of Energease Ltd in the latest filed accounts for 31/12/2022 are £226,456 (2021 : £206,306) and the loss for the year ended 31/12/2022 is £8,937 (2021 : £14,840). The capital and reserves of Energease Ltd in the latest draft accounts for 31/12/2023 are £936,838 and the loss for the year ended 31/12/2023 £8,943.

GLOBAL STRATEGIC RESOURCES LIMITED (REGISTERED NUMBER: 01990307)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 31,328 |  | 32,340 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 3,640 |  | 4,840 |  |

| Other creditors | 272,342 |  | 267,524 |  |

275,982 |  | 272,364 |  |