Global Equity Finance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08452979 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Global Equity Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs N McCarthy

REGISTERED OFFICE:

Ollerbarrow House

Ashley Road

Hale

Cheshire

WA15 9SQ

REGISTERED NUMBER:

08452979 (England and Wales)

ACCOUNTANTS:

Beaumont Taxation Services

15 Turnberry

Bolton

BL3 4XJ

FIXED ASSETS

Tangible assets

4

184,595

183,462

CURRENT ASSETS

Debtors

5

3,302,118

5,416,857

Investments

6

-

1,173,377

Cash at bank

262,091

704,755

3,564,209

7,294,989

CREDITORS

Amounts falling due within one year

7

519,149

533,558

NET CURRENT ASSETS

3,045,060

6,761,431

TOTAL ASSETS LESS CURRENT LIABILITIES

3,229,655

6,944,893

CREDITORS

Amounts falling due after more than one year

8

2,797,348

6,413,919

NET ASSETS

432,307

530,974

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

-

75,228

Retained earnings

432,305

455,744

432,307

530,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 December 2019 and were signed by:

Mrs N McCarthy - Director

1.	STATUTORY INFORMATION

Global Equity Finance 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.

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.

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.

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 NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

183,462

Additions

1,133

At 31 March 2019

184,595

NET BOOK VALUE

At 31 March 2019

184,595

At 31 March 2018

183,462

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

3,302,118

5,416,857

6.	CURRENT ASSET INVESTMENTS

31.3.19

31.3.18

£

£

Other

-

1,173,377

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

4,149

18,558

Other creditors

515,000

515,000

519,149

533,558

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

-

3,100,000

Other creditors

2,797,348

3,313,919

2,797,348

6,413,919