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Registration number: 15760510

The Globe Laugharne Limited
Annual Report and Unaudited Financial Statements
for the Period from 4 June 2024 to 30 June 2025

The Globe Laugharne Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Financial Statements | 4 to 7

The Globe Laugharne Limited

Company Information

Directors | Mr P Bond Mr SC Kirkwood

Registered office | Globe House Market Street Laugharne Carmarthen SA33 4SA

The Globe Laugharne Limited

(Registration number: 15760510)
Balance Sheet as at 30 June 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 5 | 17,420
Current assets |  |
Stocks | 6 | 9,821
Debtors | 7 | 3,688
Cash at bank and in hand |  | 90,543
|  | 104,052
Creditors: Amounts falling due within one year | 8 | (223,046)
Net current liabilities |  | (118,994)
Net liabilities |  | (101,574)
Capital and reserves |  |
Called up share capital |  | 100
Profit and loss account |  | (101,674)
Total equity |  | (101,574)

For the financial period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The Globe Laugharne Limited

(Registration number: 15760510)
Balance Sheet as at 30 June 2025

Approved and authorised by the Board on 9 March 2026 and signed on its behalf by:

......................................... Mr P Bond Director | ......................................... Mr SC Kirkwood Director |

The Globe Laugharne Limited

Notes to the Financial Statements for the Period from 4 June 2024 to 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Globe House
Market Street
Laugharne
Carmarthen
SA33 4SA

These financial statements were authorised for issue by the Board on 9 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Globe Laugharne Limited

Notes to the Financial Statements for the Period from 4 June 2024 to 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 33.33% straight line basis
Plant and machinery | 33.33% straight line basis
Office equipment | 33.33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

The Globe Laugharne Limited

Notes to the Financial Statements for the Period from 4 June 2024 to 30 June 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 7.

4 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £
Depreciation expense | 3,993

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
Additions | 13,457 | 5,104 | 2,852 | 21,413
At 30 June 2025 | 13,457 | 5,104 | 2,852 | 21,413
Depreciation
Charge for the period | 2,138 | 1,154 | 701 | 3,993
At 30 June 2025 | 2,138 | 1,154 | 701 | 3,993
Carrying amount
At 30 June 2025 | 11,319 | 3,950 | 2,151 | 17,420

6 | Stocks

| 2025 £
Other inventories | 9,821

The Globe Laugharne Limited

Notes to the Financial Statements for the Period from 4 June 2024 to 30 June 2025

7 | Debtors

| 2025 £
Trade debtors | 3,265
Prepayments | 423
| 3,688

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Trade creditors |  | 3,166
Taxation and social security |  | 8,307
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 | 208,452
Directors' loan accounts | 10 | 1,624
Outstanding defined contribution pension costs |  | 247
Other creditors |  | 1,250
|  | 223,046

9 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary shares of £1 each | 100 | 100

10 | Related party transactions

As at the balance sheet date, the directors were owed £1,624 from the company. The loan is interest free and repayable on demand.
As at the balance sheet date, the company owed a related party £208,452. The company is a related party by virtue of common control.