REGISTERED NUMBER: 03011318 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

GLOBE ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J H Webber

J S Nevison

M Hussain

SECRETARY:

A Couper

REGISTERED OFFICE:

The Globe Centre

St James Square

Accrington

Lancashire

BB5 0RE

REGISTERED NUMBER:

03011318 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

4

5,450

6,758

Investment property

5

5,522,500

7,772,500

5,527,950

7,779,258

CURRENT ASSETS

Stocks

1,177,045

1,177,045

Debtors

6

192,542

180,057

Cash at bank and in hand

498,440

168,305

1,868,027

1,525,407

CREDITORS

Amounts falling due within one year

7

2,737,631

195,653

NET CURRENT (LIABILITIES)/ASSETS

(869,604

)

1,329,754

TOTAL ASSETS LESS CURRENT LIABILITIES

4,658,346

9,109,012

CREDITORS

Amounts falling due after more than one year

8

-

3,200,000

NET ASSETS

4,658,346

5,909,012

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

4,655,346

5,906,012

4,658,346

5,909,012

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

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

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 2nd July 2026 and were signed on its behalf by:

T J H Webber - Director

1.	STATUTORY INFORMATION

Globe Enterprises 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 as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

15% on cost and 10% on cost

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

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

and 31st December 2025

40,411

DEPRECIATION

At 1st January 2025

33,653

Charge for year

1,308

At 31st December 2025

34,961

NET BOOK VALUE

At 31st December 2025

5,450

At 31st December 2024

6,758

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

7,772,500

Disposals

(2,250,000

)

At 31st December 2025

5,522,500

NET BOOK VALUE

At 31st December 2025

5,522,500

At 31st December 2024

7,772,500

Fair value at 31st December 2025 is represented by:

£

Valuation in 2025

5,522,500

If investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

4,251,508

6,822,339

Investment property was valued on a fair value basis on 31st December 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

110,673

101,794

Other debtors

81,869

78,263

192,542

180,057

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

2,500,000

-

Trade creditors

77,940

74,645

Taxation and social security

73,393

49,004

Other creditors

86,298

72,004

2,737,631

195,653

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

3,200,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

2,500,000

3,200,000

Bank loans are secured by fixed and floating charges over all present and future property of the company.