REGISTERED NUMBER: 11336268 (England and Wales)

GLOBAL COMPLIANCE AND REGULATORY

SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Narang

Mrs D Sinha

A Bindroo

REGISTERED OFFICE:

Charterhouse II

Links Business Park

St Mellons

Cardiff

Glamorgan

CF3 0LT

REGISTERED NUMBER:

11336268 (England and Wales)

FIXED ASSETS

Intangible assets

4

131,722

50,334

Tangible assets

5

16,245

13,407

147,967

63,741

CURRENT ASSETS

Debtors

6

274,363

261,614

Cash at bank

5,167

14,066

279,530

275,680

CREDITORS

Amounts falling due within one year

7

306,843

281,690

NET CURRENT LIABILITIES

(27,313

)

(6,010

)

TOTAL ASSETS LESS CURRENT LIABILITIES

120,654

57,731

CREDITORS

Amounts falling due after more than one year

8

(15,544

)

(20,452

)

PROVISIONS FOR LIABILITIES

11

(4,070

)

-

NET ASSETS

101,040

37,279

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

100,940

37,179

SHAREHOLDERS' FUNDS

101,040

37,279

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 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 16 October 2026 and were signed on its behalf by:

R Narang - Director

1.	STATUTORY INFORMATION

Global Compliance And Regulatory Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Going concern

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 have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. In making their assessment, the directors have reviewed the balance sheet and the likely future cash flows of the business and have considered the facilities and financial support available to the company.

At the date of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The directors therefore continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates

Recoverability of balances with connected entities - The recoverability of amounts owed by connected entities requires judgement regarding their ability to repay. The assessment considers each entity's financial position, forecast cash flows, available funding, repayment arrangements and receipts after the reporting date. An impairment allowance is recognised where the evidence indicates that the carrying amount is not fully recoverable.

Useful economic lives of tangible fixed assets - The depreciation charge depends on the estimated useful economic lives and residual values of tangible fixed assets. These estimates are reviewed in light of the assets' condition, expected usage and technological developments. Changes in estimates are reflected in depreciation charges for the current and future periods, as appropriate.

Recoverability of trade debtors - The directors assess the recoverability of trade debtors by considering the age of outstanding balances, payment history, receipts after the reporting date, customer disputes and available information about customers' financial circumstances. An allowance is recognised where the evidence indicates that a balance will not be recovered in full.

Turnover

Turnover comprises fees earned from consultancy and regulatory compliance services, excluding VAT and discounts. Revenue from services performed over a period is recognised by reference to the work completed at the reporting date, where the outcome can be estimated reliably.

Fees earned for services provided but not yet invoiced are included within accrued income. Amounts invoiced or received for services not yet provided are included within deferred income.

Intangible assets

Computer software comprises capitalised development expenditure on the company's portal. At 31 March 2026, the portal remained under development and was not available for use. Accordingly, no amortisation has been charged.

Amortisation will commence when the software is available for its intended use and will be charged on a straight-line basis over its estimated useful economic life of 10 years. Development expenditure is carried at cost less any impairment losses.

Qualifying trademarks are carried at cost less accumulated amortisation and impairment losses and are amortised over their estimated useful lives of 10 years, taking account of the duration of the underlying rights.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

Foreign currencies

Transactions in foreign currencies are recorded in sterling using the exchange rates applicable at the transaction dates. Monetary assets and liabilities denominated in foreign currencies are retranslated using the exchange rates applicable at the reporting date.

Exchange gains and losses arising from the settlement or retranslation of monetary items are recognised in profit or loss in the period in which they arise.

Non-monetary assets and liabilities carried at historical cost are translated using the exchange rates applicable when they were initially recognised and are not subsequently retranslated.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash & cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised 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 trade and other debtors, loans to related companies 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Trademark

software

Totals

£

£

£

COST

At 1 April 2025

28,084

22,250

50,334

Additions

-

84,196

84,196

At 31 March 2026

28,084

106,446

134,530

AMORTISATION

Amortisation for year

2,808

-

2,808

At 31 March 2026

2,808

-

2,808

NET BOOK VALUE

At 31 March 2026

25,276

106,446

131,722

At 31 March 2025

28,084

22,250

50,334

Computer software comprises capitalised development expenditure on the company's portal. At 31 March 2026, the portal remained under development and was not available for use. Accordingly, no amortisation has been charged.

Amortisation will commence when the software is available for its intended use and will be charged on a straight-line basis over its estimated useful economic life of 10 years. Development expenditure is carried at cost less any impairment losses.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

649

21,517

10,506

32,672

Additions

-

4,750

3,133

7,883

Disposals

-

-

(900

)

(900

)

At 31 March 2026

649

26,267

12,739

39,655

DEPRECIATION

At 1 April 2025

216

12,309

6,740

19,265

Charge for year

87

2,091

2,867

5,045

Eliminated on disposal

-

-

(900

)

(900

)

At 31 March 2026

303

14,400

8,707

23,410

NET BOOK VALUE

At 31 March 2026

346

11,867

4,032

16,245

At 31 March 2025

433

9,208

3,766

13,407

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

84,027

41,450

Other debtors

190,336

220,164

274,363

261,614

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts (see note 9)

19,426

4,908

Trade creditors

59,876

28,889

Taxation and social security

148,261

155,274

Other creditors

79,280

92,619

306,843

281,690

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans (see note 9)

15,544

20,452

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable by instalments

-

819

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due within one year or on demand:

Bank loans

19,426

4,908

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,544

19,633

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable by instalments

-

819

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

24,521

24,521

Between one and five years

56,862

81,383

81,383

105,904

11.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

4,070

-

Deferred

tax

£

Accelerated capital allowances

4,070

Balance at 31 March 2026

4,070

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.26

31.3.25

£

£

Mrs D Sinha and R Narang

Balance outstanding at start of year

48,135

(455

)

Amounts advanced

157,451

197,182

Amounts repaid

(220,032

)

(148,592

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(14,446

)

48,135

The balance is interest free and repayable on demand. R Narang is subject to a disqualification order. CR-2023-MAN-001266

14.	RELATED PARTY DISCLOSURES

15.	TRANSITION TO FRS 102

These are the company's first financial statements prepared in accordance with FRS 102, including the provisions of Section 1A "Small Entities". The previous financial statements were prepared in accordance with FRS 105.

The date of transition was 1 April 2024. The transition did not result in any adjustments to equity at 1 April 2024 or 31 March 2025, or to the profit for the year ended 31 March 2025. Accordingly, no reconciliation of equity or profit is presented.