REGISTERED NUMBER: 10959126 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Global South Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

300,000

400,000

Tangible assets

5

975

1,300

300,975

401,300

Current assets

Debtors

6

473,962

1,129,311

Cash at bank and in hand

1,955,001

876,070

2,428,963

2,005,381

Creditors

Amounts falling due within one year

7

(598,438

)

(496,409

)

Net current assets

1,830,525

1,508,972

Total assets less current liabilities

2,131,500

1,910,272

Capital and reserves

Called up share capital

8

100

100

Retained earnings

9

2,131,400

1,910,172

Shareholders' funds

2,131,500

1,910,272

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 10 September 2025 and were signed on its behalf by:

Shahid Qadir - Director

Ms Zara Qadir - Director

1.	Statutory information

Global South Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10959126

Registered office:

Falcon House

257 Burlington Road

New Malden

Surrey

KT3 4NE

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.

Turnover

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

Goodwill

Copyrights, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 2 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

1,000,000

Amortisation

At 1 April 2024

600,000

Charge for year

100,000

At 31 March 2025

700,000

Net book value

At 31 March 2025

300,000

At 31 March 2024

400,000

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 April 2024

and 31 March 2025

5,121

Depreciation

At 1 April 2024

3,821

Charge for year

325

At 31 March 2025

4,146

Net book value

At 31 March 2025

975

At 31 March 2024

1,300

6.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

153,562

40,174

Other debtors

-

109,871

Long term contracts

320,400

979,266

473,962

1,129,311

7.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade creditors

7,000

-

Corporation tax

102,453

106,483

Social security and other taxes

3,850

3,850

VAT

148,827

156,155

Other creditors

333,068

226,681

Accrued expenses

3,240

3,240

598,438

496,409

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary Share

£1

100

100

9.

Reserves

Retained

earnings

£

At 1 April 2024

1,910,172

Profit for the year

306,228

Dividends

(85,000

)

At 31 March 2025

2,131,400