Company registration number 04703229 (England and Wales)
Global Holdings Midlands Limited
Unaudited financial statements
For the year ended 31 March 2025
Global Holdings Midlands Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
4 - 10
Global Holdings Midlands Limited
Statement of financial position
As at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
2
217,402
257,836
Investment property
3
3,251,615
3,126,615
Investments
4
1
1
3,469,018
3,384,452
Current assets
Debtors
5
6,097,973
5,517,146
Cash at bank and in hand
55,376
84,392
6,153,349
5,601,538
Creditors: amounts falling due within one year
6
(5,229,172)
(4,689,934)
Net current assets
924,177
911,604
Total assets less current liabilities
4,393,195
4,296,056
Creditors: amounts falling due after more than one year
7
(490,398)
(546,372)
Provisions for liabilities
(515,400)
(498,960)
Net assets
3,387,397
3,250,724
Capital and reserves
Called up share capital
1
1
Revaluation reserve
2,046,462
1,945,215
Profit and loss reserves
1,340,934
1,305,508
Total equity
3,387,397
3,250,724
Global Holdings Midlands Limited
Statement of financial position (continued)
As at 31 March 2025
- 2 -

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 director acknowledges his 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 director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 October 2025
Mr C B P Jones
Director
Company registration number 04703229 (England and Wales)
Global Holdings Midlands Limited
Statement of changes in equity
For the year ended 31 March 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2023
1
1,561,710
1,270,269
2,831,980
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
418,744
418,744
Transfers
-
-
0
(383,505)
(383,505)
Other movements
-
383,505
-
383,505
Balance at 31 March 2024
1
1,945,215
1,305,508
3,250,724
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
-
136,673
136,673
Transfers
-
-
0
(101,247)
(101,247)
Other movements
-
101,247
-
101,247
Balance at 31 March 2025
1
2,046,462
1,340,934
3,387,397
Global Holdings Midlands Limited
Notes to the financial statements
For the year ended 31 March 2025
- 4 -
1
Accounting policies
Company information

Global Holdings Midlands Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cold Meece Estate, Cold Meece, Swynnerton, Stone, Staffordshire, ST15 0SP.

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, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Other income

Rental income from operating leases (net of any incentives given to the lessees) is recognised as the company's right to receive payment is established.

1.3
Tangible fixed assets

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

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

Plant and equipment
25% Reducing Balance
Computers
10% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Global Holdings Midlands Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Fixed asset investments

Interests in subsidiaries, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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.

Global Holdings Midlands Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 6 -
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 and loans from fellow group companies, 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 paymen ts 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. A m ounts 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 method.

1.9
Equity instruments

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

1.10
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 income statement 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.

Global Holdings Midlands Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 7 -
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 income statement, 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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Global Holdings Midlands Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 8 -
1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
184,834
337,441
164,135
686,410
Additions
-
0
-
0
21,750
21,750
Disposals
-
0
-
0
(77,963)
(77,963)
At 31 March 2025
184,834
337,441
107,922
630,197
Depreciation and impairment
At 1 April 2024
105,918
240,065
82,591
428,574
Depreciation charged in the year
11,540
20,180
12,284
44,004
Eliminated in respect of disposals
-
0
-
0
(59,783)
(59,783)
At 31 March 2025
117,458
260,245
35,092
412,795
Carrying amount
At 31 March 2025
67,376
77,196
72,830
217,402
At 31 March 2024
78,916
97,376
81,544
257,836
3
Investment property
2025
£
Fair value
At 1 April 2024
3,126,615
Revaluations
125,000
At 31 March 2025
3,251,615

Investment property comprises of industrial units. The fair value of the investment property has been arrived at on the basis of a valuation carried out at year end by the directors of the company, the valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Global Holdings Midlands Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 9 -
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
1
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,998
6,001
Amounts owed by group undertakings
5,412,006
4,801,230
Other debtors
679,969
709,915
6,097,973
5,517,146
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
60,097
52,474
Trade creditors
6,992
143,746
Amounts owed to group undertakings
4,845,544
4,116,454
Taxation and social security
282,785
248,165
Other creditors
33,754
129,095
5,229,172
4,689,934
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
430,619
470,565
Other creditors
59,779
75,807
490,398
546,372
8
Security

The bank loan is secured by a fixed and floating charge over the assets it relates to.

Included in other creditors is £58,203 (2023 - £65,809) due under finance leases and hire purchase contracts which are secured against the assets which they relate to.

Global Holdings Midlands Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 10 -
9
Related party transactions

At the year end, the company was owed £1,016,627 (2024 - £822,816) from an LLP in which C B P Jones is a designated member.

At the year end, the company was owed £4,345,597 (2024 - £3,854,946) from participating interests in which C B P Jones is a director and shareholder.

10
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mr Clive Jones
2.25
523,034
330,537
9,313
(343,702)
519,182
523,034
330,537
9,313
(343,702)
519,182
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