Company Registration No. 08728606 (England and Wales)
GLOBE PETS PROPERTY COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
GLOBE PETS PROPERTY COMPANY LIMITED
COMPANY INFORMATION
Directors
Mr V J Wager
Dr M H Sarwar
Company number
08728606
Registered office
48 Whitworth Road
Rochdale
Lancashire
OL12 0EZ
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
GLOBE PETS PROPERTY COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GLOBE PETS PROPERTY COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
203,867
203,867
Investments
4
100
100
203,967
203,967
Current assets
Debtors
5
831
394
Cash at bank and in hand
13,067
23,957
13,898
24,351
Creditors: amounts falling due within one year
6
(98,676)
(102,239)
Net current liabilities
(84,778)
(77,888)
Net assets
119,189
126,079
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
119,089
125,979
Total equity
119,189
126,079

The notes on pages 2 to 4 form part of these financial statements.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 November 2025 and are signed on its behalf by:
Mr V J Wager
Dr M H Sarwar
Director
Director
Company registration number 08728606 (England and Wales)
GLOBE PETS PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Globe Pets Property Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 48 Whitworth Road, Rochdale, Lancashire, OL12 0EZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover represents net rent of property and equipment and management charge income excluding value added tax.

Rental income is recognised on a straight-line basis over the term of the lease.

Management charge income is recognised when the company has the right to consideration.

Other income

Rental income is recognised on a straight-line basis over the term of the lease.

Management charge income is recognised when the company has the right to consideration.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at co st, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Leasehold improvements
20% on cost
Plant and equipment
20% on cost

Freehold property rented to another group entity is treated as property, plant and equipment and is measure d at cost less depreciation and impairment.

The net book value of freehold property in the accounts is considered to be lower than the residual value and therefore no depreciation has been charged during the year.

GLOBE PETS PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Fixed asset investments

Investments in subsidiaries are stated at cost less any provision for diminution in value.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Plant and equipment
Total
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
236,577
13,985
28,297
278,859
Depreciation and impairment
At 1 April 2024 and 31 March 2025
32,710
13,985
28,297
74,992
GLOBE PETS PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Plant and equipment
Total
£
£
£
£
(Continued)
- 4 -
Carrying amount
At 31 March 2025
203,867
-
0
-
0
203,867
At 31 March 2024
203,867
-
0
-
0
203,867
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
100
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
831
394
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
79
Amounts owed to group undertakings
42,851
27,981
Taxation and social security
9,718
6,752
Other creditors
46,107
67,427
98,676
102,239

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