| Global Growth Business Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Global Growth Business Limited for the year ended 31 December 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Global Growth Business Limited for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance |
| This report is made solely to the Board of Directors of Global Growth Business Limited, as a body, in accordance with the terms of our engagement letter dated 20 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of Global Growth Business Limited and state those matters that we have agreed to state to the Board of Directors of Global Growth Business 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 Global Growth Business Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Global Growth Business 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 Global Growth Business Limited. You consider that Global Growth Business 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 Global Growth Business 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. |
|
| MAH, Chartered Accountants |
| 2nd Floor |
| 154 Bishopsgate |
| London |
| EC2M 4LN |
|
| 15 September 2026 |
|
| Global Growth Business Limited |
| Registered number: |
10831766 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
4,896 |
|
|
5,357 |
|
| Current assets |
| Debtors |
4 |
|
726,733 |
|
|
279,035 |
| Cash at bank and in hand |
|
|
178,225 |
|
|
237,791 |
|
|
|
904,958 |
|
|
516,826 |
|
| Creditors: amounts falling due within one year |
5 |
|
(782,979) |
|
|
(505,321) |
|
| Net current assets |
|
|
|
121,979 |
|
|
11,505 |
|
| Net assets |
|
|
|
126,875 |
|
|
16,862 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
100 |
|
|
100 |
| Profit and loss account |
7 |
|
|
126,775 |
|
|
16,762 |
|
| Shareholder's funds |
|
|
|
126,875 |
|
|
16,862 |
|
|
|
|
|
|
|
|
| During the year £62,979 was advanced to, and £53,699 was repaid by, the director. The balance outstanding at the year end of £2,565 (2024: -£6,715) and it was repaid within 9 months of the period end. The average interest rate not applicable to overdrawn current account was the below £10,000. |
| 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 member has 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. |
|
|
|
|
| Giles Godwin-Brown |
| Director |
| Approved by the board on 15 September 2026 |
|
| The notes on pages 3 to 6 form part of these financial statements. |
|
| Global Growth Business Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 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: |
|
|
Office and Computer Equipments |
over 3 years |
|
|
Financial assets |
|
Basic financial assets, including trade and other receivables and cash or bank balances, excluding any financing transactions, are initially recognised at transaction price and are subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing
additional restrictions. |
|
|
Financial liabilities |
|
Basic financial liabilities, including trade and other payables, excluding any financing transactions, are initially recognised at transaction price and are subsequently measured at amortised cost determined using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
| 1 |
Accounting policies (continued) |
|
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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
11 |
|
7 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office and Computer Equipments etc |
| £ |
|
Cost |
|
At 1 January 2025 |
48,148 |
|
Additions |
6,783 |
|
At 31 December 2025 |
54,931 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
43,145 |
|
Charge for the year |
6,890 |
|
At 31 December 2025 |
50,035 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
4,896 |
|
At 31 December 2024 |
5,003 |
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
637,732 |
|
247,276 |
|
Prepayments |
|
86,436 |
|
31,759 |
|
Other debtors |
2,565 |
|
- |
|
|
|
|
|
|
726,733 |
|
279,035 |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Accruals and deferred income |
586,981 |
|
328,688 |
|
Trade creditors |
49,677 |
|
30,762 |
|
Taxation and social security costs |
103,941 |
|
52,142 |
|
Other creditors |
42,380 |
|
93,729 |
|
|
|
|
|
|
782,979 |
|
505,321 |
|
|
| 6 |
Share capital |
Nominal |
2025 |
|
2024 |
|
|
Value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.00001 each |
10,000,000 |
|
100 |
|
100 |
|
|
|
|
|
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 January 2025 |
16,762 |
|
89,230 |
|
(Loss)/profit for the financial year |
151,013 |
|
(31,468) |
|
Dividends |
(41,000) |
|
(41,000) |
|
|
At 31 December 2025 |
126,775 |
|
16,762 |
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Included within other debtors is an interest-free current account balance due from the director, repayable on demand. At the year end, the amount due from the director was £2,565 (2024: £6,715).
The shareholders received dividends of £41,000 (2024: £41,000). |
|
| 9 |
Controlling party |
|
|
The director is the 100% shareholder and controls the company. |
|
| 10 |
Other information |
|
Global Growth Business Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Mentmore Terrace |
|
The Fisheries, |
|
London, |
|
E8 3PN |