Globe SQ Ltd - Filleted accounts

Registered number

12172807

(England & Wales)

Globe SQ Ltd

Filleted Accounts

31 March 2026

Globe SQ Ltd
Registered number:		12172807
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		449,254			449,254

Current assets
Debtors	4	9,520			9,520
Cash at bank and in hand		45,411			24,206
		54,931			33,726

Creditors: amounts falling due within one year	5	(339,702)			(346,386)

Net current liabilities			(284,771)			(312,660)

Net assets			164,483			136,594

Capital and reserves
Called up share capital			100			100
Profit and loss account			164,383			136,494

Shareholders' funds			164,483			136,594

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Salim Musa
Director
Approved by the board on 27 July 2026

Globe SQ Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2025				449,254
	At 31 March 2026				449,254

	Depreciation
	At 31 March 2026				-

	Net book value
	At 31 March 2026				449,254
	At 31 March 2025				449,254


4	Debtors		2026		2025
£				£

	Other debtors		9,520		9,520


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		1,667		11,667
	Taxation and social security costs		6,693		4,127
	Other creditors		330,292		330,292
	Accruals and deferred income		1,050		300
			339,702		346,386


6	Controlling party

	The director considers New River Group Ltd, Z Kazie & M N Musa to be the ultimate controlling parties by virtue of their joint ability to direct the operational and financial policies of the company.


7	Other information

	Globe SQ Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Caroline House
	125 Bradshawgate
	Bolton
	Lancashire
	BL2 1BJ