Registration number: 04329698

Globewall Limited

Contents

Accountants' Report	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Globewall Limited
for the year ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Globewall Limited for the year ended 30 November 2025 as set out on pages 2 to 9 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Globewall Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Globewall Limited. You consider that Globewall Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Globewall 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 accounts.

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Streets (West Sussex) Limited
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL

26 August 2026

Globewall Limited

(Registration number: 04329698)
Statement of Financial Position
30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,814	-
Investment property	5	1,400,000	1,500,000
Investments	6	100	100
		1,404,914	1,500,100
Current assets
Debtors	7	7,554	6,640
Cash at bank and in hand		35,010	34,316
		42,564	40,956
Creditors: Amounts falling due within one year	8	(68,412)	(74,823)
Net current liabilities		(25,848)	(33,867)
Net assets		1,379,066	1,466,233
Capital and reserves
Called up share capital		900	900
Retained earnings		1,378,166	1,465,333
Shareholders' funds		1,379,066	1,466,233

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Globewall Limited

(Registration number: 04329698)
Statement of Financial Position
30 November 2025

Approved and authorised by the Board on 26 August 2026 and signed on its behalf by:
 

......................................... J E Davey Director

......................................... P J Field Director

Globewall Limited

Notes to the Unaudited Financial Statements
for the year ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
47 West Avenue
Worthing
West Sussex
BN11 5NA

These financial statements were authorised for issue by the Board on 26 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss.

Globewall Limited

Notes to the Unaudited Financial Statements
for the year ended 30 November 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	over 4 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Globewall Limited

Notes to the Unaudited Financial Statements
for the year ended 30 November 2025

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Globewall Limited

Notes to the Unaudited Financial Statements
for the year ended 30 November 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
Additions	5,850	5,850
At 30 November 2025	5,850	5,850
Depreciation
Charge for the year	1,036	1,036
At 30 November 2025	1,036	1,036
Carrying amount
At 30 November 2025	4,814	4,814

5	Investment properties

	2025 £
At 1 December	1,500,000
Fair value adjustments	(100,000)
At 30 November	1,400,000

6	Investments

	2025 £	2024 £
Investments in subsidiaries	100	100

Globewall Limited

Notes to the Unaudited Financial Statements
for the year ended 30 November 2025