Dealglobe Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 08812007

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		687		250
Investments	5		1,637,190		1,637,190

			1,637,877		1,637,440
CURRENT ASSETS
Debtors	6	1,166,903		1,164,319
Cash at bank and in hand		35,076		17,855

		1,201,979		1,182,174
Creditors: Amounts Falling Due Within One Year		(1,453,313 )		(1,366,525 )

NET CURRENT ASSETS (LIABILITIES)			(251,334 )		(184,351 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,386,543		1,453,089

NET ASSETS			1,386,543		1,453,089

CAPITAL AND RESERVES
Called up share capital	7		2,850,000		2,850,000
Share premium account			631,405		631,405
Profit and Loss Account			(2,094,862 )		(2,028,316 )

SHAREHOLDERS' FUNDS			1,386,543		1,453,089

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Dealglobe Limited

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Lin Feng

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Dealglobe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08812007 . The registered office is 53 Davies St, London, 53 Davies St, Westminster, Greater London, W1K 5JH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

This will is maintained through agreed support that will be provided by the Parent undertaking and the Director to ensure chasflow is adequately maintained for continued trading.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Dealglobe Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	3	9

	3	9

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	31,025
Additions	916

As at 31 December 2024	31,941

Depreciation
As at 1 January 2024	30,775
Provided during the period	479

As at 31 December 2024	31,254

Net Book Value
As at 31 December 2024	687

As at 1 January 2024	250

5. Investments

	Total
	£
Cost or Valuation
As at 1 January 2024	1,637,190

As at 31 December 2024	1,637,190

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,637,190

As at 1 January 2024	1,637,190

6. Debtors

	2024	2023
	£	£
Due after more than one year
Cloud Software	910,858	910,858

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2,850,000	2,850,000

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Dealglobe Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

8. Related Party Transactions

Liu Dan

Shareholder of the Parent company

Balance owed to the related party as at the financial year end was £18,000 (2023 £18,000)

David Wang

CFO

Balance owed by the related party as at the financial year end was £109,413 (2023 £109,413)

Shanghai Dealglobe Information Consulting Ltd

Parent company

Balance owed to the related party as at the financial year end was £1,040,601 (2023 £1,040,601)

Shanghai Dealglobe Cloud Software Ltd

Controlled by same Parent company

Balance owed by the related party as at the financial year end was £910,858 (2023 £910,858)

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Shanghai Dealglobe Information Consulting Limited . Shanghai Dealglobe Information Consulting Limited was incorporated in China. Copies of the group accounts may be obtained from the secretary, Unit 3002-03 Westgate Tower, No.1038 West Nanjing Rd, Shanghai, China . The ultimate controlling party is Liu Yuhong, Liu Dan and Zhang Hongwei who controls 100% of the shares of Dealglobe Limited .

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