REGISTERED NUMBER: 14139614 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Global Nation Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H M H Damluji

REGISTERED OFFICE:

69a Lisson Street

London

United Kingdom

NW1 5DA

REGISTERED NUMBER:

14139614 (England and Wales)

ACCOUNTANTS:

Dragon Argent Limited

63 Bermondsey Street

London

SE1 3XF

FIXED ASSETS

Tangible assets

4

2,993

3,335

Investments

5

57,314

-

60,307

3,335

CURRENT ASSETS

Debtors

6

303,284

152,359

Cash and cash equivalents

405,491

484,425

708,775

636,784

CREDITORS

Amounts falling due within one year

7

336,763

482,738

NET CURRENT ASSETS

372,012

154,046

TOTAL ASSETS LESS CURRENT LIABILITIES

432,319

157,381

PROVISIONS FOR LIABILITIES

748

834

NET ASSETS

431,571

156,547

CAPITAL AND RESERVES

Called up share capital

8

239

2

Share premium

39,975

-

Retained earnings

391,357

156,545

SHAREHOLDERS' FUNDS

431,571

156,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 August 2026 and were signed by:

H M H Damluji - Director

1.	STATUTORY INFORMATION

Global Nation Ltd 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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Grant income is recognised as income when there is reasonable assurance that the entity will comply with the conditions attached and that the grant will be received. Grants are recognised in the period when the related expenses are incurred. If grants are received in advance, they are deferred and recognised as income over the period in which the expenses are incurred.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers 33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2025

-

3,580

3,580

Additions

410

1,332

1,742

At 31 March 2026

410

4,912

5,322

DEPRECIATION

At 1 April 2025

-

245

245

Charge for year

34

2,050

2,084

At 31 March 2026

34

2,295

2,329

NET BOOK VALUE

At 31 March 2026

376

2,617

2,993

At 31 March 2025

-

3,335

3,335

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

60,000

Revaluations

(2,686

)

At 31 March 2026

57,314

NET BOOK VALUE

At 31 March 2026

57,314

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 1

(2,686

)

Cost

60,000

57,314

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

209,226

149,789

Other debtors

940

1,237

Directors' current accounts

93,118

-

Prepayments and accrued income

-

1,333

303,284

152,359

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

17,900

71,279

Tax

100,333

72,419

Social security and other taxes

5,214

3,924

Net Wages

-

458

VAT

44,888

51,275

Other creditors

1,864

-

Directors' current accounts

-

82,349

Accruals and deferred income

56,028

152,075

Accrued expenses

110,536

48,959

336,763

482,738

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

159

Ordinary A

1.5

239

2

157 Ordinary A shares of 1.5 each were allotted as fully paid as a bonus issue out of reserves during the year.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

H M H Damluji

Balance outstanding at start of year

(77,757

)

(77,757

)

Amounts advanced

246,936

-

Amounts repaid

(76,060

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

93,119

(77,757

)

10.	RELATED PARTY DISCLOSURES

Creditors include the following balances

£93,118 debit (2025 - £77,757 credit) owing from Mr H M H Damluji.

These amounts accrue interest at the HMRC official rate (3.75%), and are repayable on demand.

Debtors include the following balances

£nil (2025 - £nil) owing from H.D. Works Limited, a company in which Mr H M H Damluji is a

director and ultimate controlling party.

The following amounts are included in these accounts:

£110,926 (2025 - £63,994) of dividends were paid to Mr H M H Damluji.

£nil (2025 - £255,415) of management fees were charged by H.D. Works Limited.