Registration number: 13981514

Globefish Group Limited

(Registration number: 13981514)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	6,226	4,747
Investment property	5	1,175,000	836,845
		1,181,226	841,592
Current assets
Debtors	6	50,635	-
Cash at bank and in hand		91,968	1,746
		142,603	1,746
Creditors: Amounts falling due within one year	7	(841,635)	(519,416)
Net current liabilities		(699,032)	(517,670)
Total assets less current liabilities		482,194	323,922
Creditors: Amounts falling due after more than one year	7	(466,990)	(466,990)
Net assets/(liabilities)		15,204	(143,068)
Capital and reserves
Called up share capital		100	100
Retained earnings		15,104	(143,168)
Shareholders' funds/(deficit)		15,204	(143,068)

Globefish Group Limited

(Registration number: 13981514)
Statement of Financial Position as at 31 March 2025

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 19 November 2025 and signed on its behalf by:
 

......................................... Mr Simon Ben Coulbeck Director

Globefish Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Furzefield Road
Newcastle Upon Tyne
NE3 4EA

These financial statements were authorised for issue by the Board on 19 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue comprises rental income from investment properties and is recognised in the profit and loss account on a straight-line basis over the lease term, in accordance with the substance of the lease agreements.

Revenue is measured at the fair value of the consideration received or receivable and excludes VAT and other sales-related taxes.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Globefish Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external and internal valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	3,594	712	2,710	7,016
Additions	3,165	343	-	3,508
At 31 March 2025	6,759	1,055	2,710	10,524
Depreciation
At 1 April 2024	940	228	1,101	2,269
Charge for the year	1,192	160	677	2,029
At 31 March 2025	2,132	388	1,778	4,298
Carrying amount
At 31 March 2025	4,627	667	932	6,226
At 31 March 2024	2,654	484	1,609	4,747

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.
 

Globefish Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Investment properties

	2025 £
At 1 April	836,845
Additions	157,868
Fair value adjustments	180,287
At 31 March	1,175,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2025 £	2024 £
Prepayments	50,635	-
	50,635	-

Globefish Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	1,764	-
Accruals and deferred income	1,800	1,764
Other creditors	838,071	517,652
	841,635	519,416

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	466,990	466,990

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	466,990	466,990

9	Transition to FRS 102

Statement of Financial Position at 1 April 2023
 

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Tangible assets	6,286	-	-	6,286
Investment property	659,125	-	800	659,925
	665,411	-	800	666,211
Current assets
Cash at bank and in hand	1,086	-	-	1,086
Creditors: Amounts falling due within one year	(305,485)	-	-	(305,485)

Globefish Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Net current liabilities	(304,399)	-	-	(304,399)
Total assets less current liabilities	361,012	-	800	361,812
Creditors: Amounts falling due after more than one year	(466,990)	-	-	(466,990)
Provisions for liabilities	(1,680)	-	-	(1,680)
Net (liabilities)/assets	(107,658)	-	800	(106,858)
Capital and reserves
Called up share capital	(100)	-	-	(100)
Retained earnings	107,758	-	(800)	106,958
Total equity	107,658	-	(800)	106,858

Globefish Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Statement of Financial Position at 31 March 2024
 

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Tangible assets	4,747	-	-	4,747
Investment property	834,637	-	2,208	836,845
	839,384	-	2,208	841,592
Current assets
Cash at bank and in hand	1,746	-	-	1,746
Creditors: Amounts falling due within one year	(517,652)	-	-	(517,652)
Net current liabilities	(515,906)	-	-	(515,906)
Total assets less current liabilities	323,478	-	2,208	325,686
Creditors: Amounts falling due after more than one year	(466,990)	-	-	(466,990)
Provisions for liabilities	(1,764)	-	-	(1,764)
Net (liabilities)/assets	(145,276)	-	2,208	(143,068)
Capital and reserves
Called up share capital	(100)	-	-	(100)
Retained earnings	140,960	-	2,208	143,168
Total equity	140,860	-	2,208	143,068