THEGLCOMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

23RD SEPTEMBER 2024 TO 30TH JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

5

DIRECTOR:

R G Eagleton

REGISTERED OFFICE:

14 Hanover Square

London

W1S 1HN

REGISTERED NUMBER:

15971462 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

CURRENT ASSETS

Debtors

4

180,413

Cash at bank

131,103

311,516

CREDITORS

Amounts falling due within one year

5

360,388

NET CURRENT LIABILITIES

(48,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(48,872

)

CAPITAL AND RESERVES

Called up share capital

12

Retained earnings

(48,884

)

SHAREHOLDERS' FUNDS

(48,872

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th August 2026 and were signed by:

R G Eagleton - Director

1.	STATUTORY INFORMATION

TheGLcompany 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised in line with the delivery of the project. Income received in advance is deferred and shown in creditors.

Taxation

Taxation for the period 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 period 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.

Going concern

At the period end the company made a loss of £48,884 and had an insolvent balance sheet of £48,872. The company is supported by the parent company and the director has prepared the accounts on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

15,122

Amounts owed by group undertakings

52,250

Amounts owed by participating interests

112,429

Called up share capital not paid

12

Prepayments

600

180,413

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

47,005

Amounts owed to group undertakings

229,000

VAT

12,465

Accruals and deferred income

71,918

360,388

6.	RELATED PARTY DISCLOSURES

During the period, the company paid expenses on behalf of a fellow company in the group, TGLC Furniture Trading LLC, for £5,015. The balance outstanding at the period end was £5,015.

During the period, the company received a loan from the parent company, The Global Living Company Limited for £229,000. The loan is repayable on demand and no interest is charged on the loan. At the period end £229,000 is owing.

During the period the company incurred costs on behalf of a company with common director/shareholders, Style Cube LLC. The amount owed at the period end was £112,429.

During the period, the company incurred expenses on behalf of a fellow group company, The Global Living Company Australia Pty Limited. The amount owed at the period end was £47,235.

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Global Living Company Limited, a company registered in the Isle of Man.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TheGLcompany limited for the period ended 30th June 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of TheGLcompany limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TheGLcompany limited and state those matters that we have agreed to state to the director of TheGLcompany limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TheGLcompany limited and its director for our work or for this report.

It is your duty to ensure that TheGLcompany limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of TheGLcompany limited. You consider that TheGLcompany limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of TheGLcompany limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

12th August 2026