IRIS Accounts Production v25.4.12.37 05327595 Board of Directors 1.1.25 31.12.25 31.12.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05327595 2024-12-31 05327595 2025-12-31 05327595 2025-01-01 2025-12-31 05327595 2023-12-31 05327595 2024-01-01 2024-12-31 05327595 2024-12-31 05327595 ns15:EnglandWales 2025-01-01 2025-12-31 05327595 ns14:PoundSterling 2025-01-01 2025-12-31 05327595 ns10:Director1 2025-01-01 2025-12-31 05327595 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05327595 ns10:SmallEntities 2025-01-01 2025-12-31 05327595 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05327595 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 05327595 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05327595 ns10:FullAccounts 2025-01-01 2025-12-31 05327595 ns10:Director2 2025-01-01 2025-12-31 05327595 ns10:Director3 2025-01-01 2025-12-31 05327595 ns10:RegisteredOffice 2025-01-01 2025-12-31 05327595 ns5:CurrentFinancialInstruments 2025-12-31 05327595 ns5:CurrentFinancialInstruments 2024-12-31 05327595 ns5:Non-currentFinancialInstruments 2025-12-31 05327595 ns5:Non-currentFinancialInstruments 2024-12-31 05327595 ns5:ShareCapital 2025-12-31 05327595 ns5:ShareCapital 2024-12-31 05327595 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 05327595 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 05327595 ns5:FurnitureFittings 2025-01-01 2025-12-31 05327595 ns5:MotorVehicles 2025-01-01 2025-12-31 05327595 ns5:FurnitureFittings 2024-12-31 05327595 ns5:MotorVehicles 2024-12-31 05327595 ns5:ComputerEquipment 2024-12-31 05327595 ns5:ComputerEquipment 2025-01-01 2025-12-31 05327595 ns5:FurnitureFittings 2025-12-31 05327595 ns5:MotorVehicles 2025-12-31 05327595 ns5:ComputerEquipment 2025-12-31 05327595 ns5:FurnitureFittings 2024-12-31 05327595 ns5:MotorVehicles 2024-12-31 05327595 ns5:ComputerEquipment 2024-12-31 05327595 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 05327595 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 05327595 ns5:Secured 2025-12-31 05327595 ns5:Secured 2024-12-31

REGISTERED NUMBER: 05327595 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| GLOBALHOME ESTATES LIMITED |

GLOBALHOME ESTATES LIMITED (REGISTERED NUMBER: 05327595) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| GLOBALHOME ESTATES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr Christos Tsentas

| Mr Costas Tsentas

| Mr Kypros L Tsentas

| REGISTERED OFFICE: | 869 High Road

| London

| N12 8QA

| REGISTERED NUMBER: | 05327595 (England and Wales)

| ACCOUNTANTS: | EA

| Chartered Accountants

| 869 High Road

| London

| N12 8QA

GLOBALHOME ESTATES LIMITED (REGISTERED NUMBER: 05327595) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 10,268 |  | 8,176 |  |

Investment property | 5 | 41,652 |  | 16,285 |  |

51,920 |  | 24,461 |  |

CURRENT ASSETS

Stocks | 6 | 6,358,385 |  | 6,147,622 |  |

Debtors | 7 | 37,683 |  | 44,644 |  |

Cash at bank and in hand | 613,812 |  | 1,908,182 |  |

7,009,880 |  | 8,100,448 |  |

CREDITORS

Amounts falling due within one year | 8 | 49,353 |  | 102,371 |  |

NET CURRENT ASSETS | 6,960,527 |  | 7,998,077 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,012,447 |  | 8,022,538 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (3,561,450 | ) | (3,561,450 | ) |

PROVISIONS FOR LIABILITIES | (3,000 | ) | (3,000 | ) |

NET ASSETS | 3,447,997 |  | 4,458,088 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | 3,347,997 |  | 4,358,088 |  |

SHAREHOLDERS' FUNDS | 3,447,997 |  | 4,458,088 |  |

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

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

GLOBALHOME ESTATES LIMITED (REGISTERED NUMBER: 05327595) |

STATEMENT OF FINANCIAL POSITION - continued

31 DECEMBER 2025

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 March 2026 and were signed on its behalf by:

Mr Costas Tsentas - Director

GLOBALHOME ESTATES LIMITED (REGISTERED NUMBER: 05327595) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Globalhome Estates 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.

| TURNOVER

| Turnover represents the total invoiced value, excluding value added tax, of sales of goods and services and rental of properties during the year.

| Revenue related to the sale of goods is recognised at the point where the company has transferred to the buyer the significant risks and rewards of ownership of the goods, the amount of the revenue can be measured reliably and it is probable the economic benefits associated with the transaction will flow to the company.

| 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

| Motor vehicles | - | 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.

| STOCKS

| Stocks and work in progress are stated at the lower of cost and selling price less costs to complete and sell.

| 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 statement of financial position date.

| TAXATION

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| HIRE PURCHASE AND LEASING COMMITMENTS

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

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

GLOBALHOME ESTATES LIMITED (REGISTERED NUMBER: 05327595) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 15,098 |  | 20,695 |  | - |  | 35,793 |  |

| Additions | - |  | - |  | 5,514 |  | 5,514 |  |

| At 31 December 2025 | 15,098 |  | 20,695 |  | 5,514 |  | 41,307 |  |

| DEPRECIATION

| At 1 January 2025 | 10,605 |  | 17,012 |  | - |  | 27,617 |  |

| Charge for year | 1,123 |  | 921 |  | 1,378 |  | 3,422 |  |

| At 31 December 2025 | 11,728 |  | 17,933 |  | 1,378 |  | 31,039 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,370 |  | 2,762 |  | 4,136 |  | 10,268 |  |

| At 31 December 2024 | 4,493 |  | 3,683 |  | - |  | 8,176 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025 | 16,285 |  |

| Additions | 25,367 |  |

| At 31 December 2025 | 41,652 |  |

| NET BOOK VALUE

| At 31 December 2025 | 41,652 |  |

| At 31 December 2024 | 16,285 |  |

6. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 6,358,385 |  | 6,147,622 |  |

| Stocks consists of complete and in progress development building projects. Bank loans amounting to £3,561,450 (2024: £3,561,450) are secured by way of a fixed and floating charge over the development projects included in stocks.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 1,929 |  |

| Other debtors | 37,683 |  | 42,715 |  |

37,683 |  | 44,644 |  |

GLOBALHOME ESTATES LIMITED (REGISTERED NUMBER: 05327595) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 6,527 |  | 199 |  |

| Taxation and social security | 4,056 |  | 3,385 |  |

| Other creditors | 38,770 |  | 98,787 |  |

49,353 |  | 102,371 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 3,561,450 |  | 3,561,450 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 3,561,450 |  | 3,561,450 |  |

| The bank loans are secured by way of a fixed and floating charge over the relevant properties either owned, developed or rented by the company.

11. | RELATED PARTY DISCLOSURES

| Included in creditors, amounts falling due within one year, is an interest free amount of £18,828 (2024: £23,990) owed to the directors.

12. | ULTIMATE CONTROLLING PARTY

| During the period under review, there was no ultimate controlling party.