Global Properties UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC222938 (Scotland)

Unaudited Financial Statements For The Year Ended 31 March 2025

for

Global Properties UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Bhogal

M K Bhogal

REGISTERED OFFICE:

7 Lymburn St

Flat 0/2

Glasgow

G3 8PD

REGISTERED NUMBER:

SC222938 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan

95-107 Lancefield Street

Glasgow

Lanarkshire

G3 8HZ

FIXED ASSETS

Tangible assets

4

1,937,846

1,079,608

CURRENT ASSETS

Debtors

5

24,732

217,855

Cash at bank and in hand

94,770

192,622

119,502

410,477

CREDITORS

Amounts falling due within one year

6

9,649

122,576

NET CURRENT ASSETS

109,853

287,901

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,047,699

1,367,509

CREDITORS

Amounts falling due after more than one
year

7

1,398,884

731,816

NET ASSETS

648,815

635,693

CAPITAL AND RESERVES

Called up share capital

9

3

Retained earnings

10

648,812

635,690

SHAREHOLDERS' FUNDS

648,815

635,693

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 18 March 2026 and were signed on its behalf by:

M K Bhogal - Director

1.	STATUTORY INFORMATION

Global Properties UK Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

COST

At 1 April 2024

1,079,017

12,836

73,673

1,165,526

Additions

720,000

-

138,386

858,386

At 31 March 2025

1,799,017

12,836

212,059

2,023,912

DEPRECIATION

At 1 April 2024

-

12,757

73,161

85,918

Charge for year

-

20

128

148

At 31 March 2025

-

12,777

73,289

86,066

NET BOOK VALUE

At 31 March 2025

1,799,017

59

138,770

1,937,846

At 31 March 2024

1,079,017

79

512

1,079,608

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bhogle prop

22,882

63,721

Directors loan

-

152,284

Rent deposit

1,850

24,732

217,855

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts (see note 8)

-

28,055

Tax

-

79,614

Social security and other taxes

-

6,756

Accrued expenses

9,649

8,151

9,649

122,576

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other loans (see note 8)

269,946

-

Hire purchase contracts

89,322

-

Shawbrook loan

510,700

Alica loan

221,116

Shawbrook loan (2)

307,800

-

1,398,884

731,816

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due within one year or on demand:

Bank loans

-

28,055

Amounts falling due between two and five years:

Directors Loan

269,946

-

9.	CALLED UP SHARE CAPITAL

10.

RESERVES

Retained

earnings

£

At 1 April 2024

635,690

Profit for the year

13,122

At 31 March 2025

648,812