REGISTERED NUMBER: 15372214 (England and Wales)

LEE AUSTIN GLOBE CONNECT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,105

-

CURRENT ASSETS

Debtors

5

99,326

25,298

Cash at bank

20,544

39,988

119,870

65,286

CREDITORS

Amounts falling due within one year

6

81,997

28,683

NET CURRENT ASSETS

37,873

36,603

TOTAL ASSETS LESS CURRENT LIABILITIES

38,978

36,603

PROVISIONS FOR LIABILITIES

210

-

NET ASSETS

38,768

36,603

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

38,668

36,503

SHAREHOLDERS' FUNDS

38,768

36,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2026 and were signed by:

Mr L S Austin - Director

1.	STATUTORY INFORMATION

Lee Austin Globe Connect Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15372214

Registered office:

7-8

Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

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

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.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

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

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 etc

-

33% on cost

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 at the rate ruling the date of the transaction. Monetary assets and liabilities denominated in foreign currencies translated at exchange rate ruling at the balance sheet date. All differences are taken to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,105

At 31 December 2025

1,105

NET BOOK VALUE

At 31 December 2025

1,105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

23,406

-

Amounts owed by group undertakings

57,380

-

Other debtors

18,540

25,298

99,326

25,298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

4,269

14,636

Amounts owed to group undertakings

-

120

Taxation and social security

12,592

11,687

Other creditors

65,136

2,240

81,997

28,683

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director £17,136. This unsecured loan is repayable on demand and interest is charged at 0%.

Dryfast Limited

Dryfast Limited is a related party by virtue of Mr L Austin being a director and shareholder of both companies.

During the year, consultancy fees totalling £2,241 (2024: £22,209) were invoiced to Dryfast Limited.

The company also incurred management fees of £40,000 payable to Dryfast Limited during the year.

Globe Connect Holdings Limited

Globe Connect Holdings Limited is the ultimate parent undertaking of the company and is controlled by Mr L Austin.

At the balance sheet date, the total amount owed to the company by Globe Connect Holdings Limited was £57,380 (2024: £120 owed by the company to the parent undertaking).

This balance comprises an unsecured, interest-free loan of £48,00 and a further intercompany balance of £9,380.

8.	ULTIMATE PARENT COMPANY

The ultimate parent company of Lee Austin Globe Connect Limited is Globe Connect Holdings Limited which is incorporated in England and Wales.

The registered office of the ultimate parent company is the same as Lee Austin Globe Connect Limited which is shown on the company information page.

The parent company, Globe Connect Holdings Limited has not prepared group accounts as it is exempted from the requirement to do so by Section 398 of the Companies Act 2006. The company meets the qualifying conditions for a small sized group as laid down in section 398 of the Act.

Globe Connect Holdings Limited is ultimately controlled by Mr L Austin.