REGISTERED NUMBER: 12840541 (England and Wales)

Global Profits Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

S C Chau

Ms W Cheung

Mrs W O'Connell

Registered office:

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Registered number:

12840541 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

78,434

89,861

Investment property

5

2,900,000

2,900,000

2,978,434

2,989,861

Current assets

Cash at bank

14,454

36,274

Creditors

Amounts falling due within one year

6

(462,272

)

(564,968

)

Net current liabilities

(447,818

)

(528,694

)

Total assets less current liabilities

2,530,616

2,461,167

Creditors

Amounts falling due after more than one year

7

(1,970,000

)

(1,970,000

)

Provisions for liabilities

8

(73,368

)

(80,718

)

Net assets

487,248

410,449

Capital and reserves

Called up share capital

103

103

Fair value reserve

9

220,109

242,155

Retained earnings

267,036

168,191

Shareholders' funds

487,248

410,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.

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 3 October 2025 and were signed on its behalf by:

Ms W Cheung - Director

1.	Statutory information

Global Profits 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	Employees and directors

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

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 September 2024

187,277

Additions

14,717

At 31 August 2025

201,994

Depreciation

At 1 September 2024

97,416

Charge for year

26,144

At 31 August 2025

123,560

Net book value

At 31 August 2025

78,434

At 31 August 2024

89,861

5.	Investment property

Total

£

Fair value

At 1 September 2024

2,900,000

Additions

29,400

Valuation changes

(29,400

)

At 31 August 2025

2,900,000

Net book value

At 31 August 2025

2,900,000

At 31 August 2024

2,900,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2025

2,900,000

If investment property had not been revalued they would have been included at the following historical cost:

31.8.25

31.8.24

£

£

Cost

2,606,527

2,577,127

Investment property was valued on an open market basis on 31 August 2025 by the directors .

6.

Creditors: amounts falling due within one year

31.8.25

31.8.24

£

£

Corporation tax

34,658

23,229

Directors' current accounts

426,414

540,539

Accrued expenses

1,200

1,200

462,272

564,968

7.

Creditors: amounts falling due after more than one year

31.8.25

31.8.24

£

£

Loan notes

1,970,000

1,970,000

8.	Provisions for liabilities

31.8.25

31.8.24

£

£

Deferred tax

73,368

80,718

Deferred

tax

£

Balance at 1 September 2024

80,718

Credit to Income statement during year

(7,350

)

Balance at 31 August 2025

73,368

9.

Reserves

Fair

value

reserve

£

At 1 September 2024

242,155

Transfer from retained earnings

(22,046

)

At 31 August 2025

220,109