Global Asset International Limited

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

Registered number: 11506430

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		46,502		106,736
Investment Properties	5		985,677		1,409,026

			1,032,179		1,515,762
CURRENT ASSETS
Stocks	6	-		1,274,852
Debtors	7	422,139		80,304
Cash at bank and in hand		6,372		3,444

		428,511		1,358,600
Creditors: Amounts Falling Due Within One Year	8	(2,107,620 )		(2,972,285 )

NET CURRENT ASSETS (LIABILITIES)			(1,679,109 )		(1,613,685 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(646,930 )		(97,923 )

Creditors: Amounts Falling Due After More Than One Year	9		(27,174 )		(60,083 )

NET LIABILITIES			(674,104 )		(158,006 )

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(674,204 )		(158,106 )

SHAREHOLDERS' FUNDS			(674,104)		(158,006)

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Global Asset International Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 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 her 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.

On behalf of the board

Mrs P Oakes

Director

29 May 2026

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

1. General Information

Global Asset International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11506430 . The registered office is 3a Quay View Business Park, Barnards Way, Lowestoft, NR32 2HD.

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. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. 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:

Plant & Machinery	25% Straight line
Motor Vehicles	20% Straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Global Asset International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 September 2024	221,668	24,085	245,753

As at 31 August 2025	221,668	24,085	245,753

Depreciation
As at 1 September 2024	128,936	10,081	139,017
Provided during the period	55,417	4,817	60,234

As at 31 August 2025	184,353	14,898	199,251

Net Book Value
As at 31 August 2025	37,315	9,187	46,502

As at 1 September 2024	92,732	14,004	106,736

5. Investment Property

	2025
	£
Fair Value
As at 1 September 2024	1,409,026
Additions	78,925
Disposals	(502,274 )

As at 31 August 2025	985,677

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	985,677	1,409,026

As at 31 August 2025 the directors believe the fair value of the property to be similar to the cost shown.

6. Stocks

	2025	2024
	£	£
Work in progress	-	1,274,852

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	422,139	80,304

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Global Asset International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	32,909	30,550
Trade creditors	4,538	29,456
Bank loans and overdrafts	108,586	476,648
Other creditors	1,961,110	2,433,836
Taxation and social security	477	1,795

	2,107,620	2,972,285

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	27,174	60,083

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	32,909	30,550
Later than one year and not later than five years	27,174	60,083

	60,083	90,633

	60,083	90,633

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Transition to FRS 102

In the current year the company has adopted FRS 102 Section 1A 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland', having previously prepared its financial statements under FRS 105.

The date of transition to FRS 102 was 1 September 2023.

The transition has been accounted for in accordance with Section 35 'Transition to this FRS'. On transition, the company applied the requirements retrospectively, subject to the exemptions permitted by the standard.

The change in financial reporting framework has resulted in the following key changes in accounting policies:

- Recognition of Investment Properties.

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