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REGISTERED NUMBER: 02458800 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GLOBALEARN LIMITED
GLOBALEARN LIMITED (REGISTERED NUMBER: 02458800)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLOBALEARN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: L S F Chan
S W Y Chan
K W C Chan





SECRETARY: K W C Chan





REGISTERED OFFICE: 4th Floor
46 Gresham Street
London
EC2V 7AY





REGISTERED NUMBER: 02458800 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
Unit 4 Mulgrave Chambers
26-28 Mulgrave Road
Sutton
Surrey
SM2 6LE
Page 1
GLOBALEARN LIMITED (REGISTERED NUMBER: 02458800)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 815 1,321

CURRENT ASSETS
Debtors 5 4,482,349 4,378,205
Cash at bank and in hand 991,912 2,575,197
5,474,261 6,953,402
CREDITORS
Amounts falling due within one year 6 4,734,108 6,286,380
NET CURRENT ASSETS 740,153 667,022
TOTAL ASSETS LESS CURRENT
LIABILITIES
740,968
668,343

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 740,962 668,337
SHAREHOLDERS' FUNDS 740,968 668,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 December 2025 and were signed on its behalf by:





K W C Chan - Director


The notes form part of these financial statements

Page 2
GLOBALEARN LIMITED (REGISTERED NUMBER: 02458800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Globalearn 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

Having considered all the information available to them, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from the approval of these accounts, and therefore continue to adopt the going concern basis of accounting for the preparation of the financial statements.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services supplied, net of returns, discounts and value added taxes.

Revenue is recognised in the accounting period in which the services were rendered.

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
Computer equipment - 33% on cost

Capital items below £250 are written off to the profit and loss account.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Office licence
The company has a 30 day notice licence agreement with a related party for office accommodation. Charges, which are paid at market value, are written off to the profit and loss account in the year in which they are incurred.

Page 3 continued...
GLOBALEARN LIMITED (REGISTERED NUMBER: 02458800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 11,225 5,206 16,431
DEPRECIATION
At 1 April 2024 10,409 4,701 15,110
Charge for year 205 301 506
At 31 March 2025 10,614 5,002 15,616
NET BOOK VALUE
At 31 March 2025 611 204 815
At 31 March 2024 816 505 1,321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 4,405,897 4,300,536
Prepayments and sundry debtors 76,452 77,669
4,482,349 4,378,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 1,300,000 1,300,000
Trade creditors 3,320,406 4,932,552
Corporation tax 24,469 9,427
VAT 46,333 32,782
Other creditors 294 294
Directors' current accounts 725 725
Accruals and deferred income 41,881 10,600
4,734,108 6,286,380

Other loans, which are unsecured, have been provided on an interest free basis and are repayable upon demand.

7. RELATED PARTY DISCLOSURES

As at the balance sheet date amounts of £725 (2024: £725) were owed to the directors, these amounts are interest free and have no fixed terms for repayment.

Page 4