GLOBAL VALUATION LIMITED

GLOBAL VALUATION LIMITED

GLOBAL VALUATION GROUP LIMITED - Company Information

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GLOBAL VALUATION LIMITED

Company Registration Number:
07837544 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

GLOBAL VALUATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

GLOBAL VALUATION LIMITED

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 1,000 1,000
Total fixed assets: 1,000 1,000
Current assets
Stocks: 0 0
Debtors: 4 196,974 196,001
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 196,974 196,001
Creditors: amounts falling due within one year:   (384,623) (385,694)
Net current assets (liabilities): (187,649) (189,693)
Total assets less current liabilities: (186,649) (188,693)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): (186,649) (188,693)
Capital and reserves
Called up share capital: 102 102
Share premium account: 898 898
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (187,649) (189,693)
Shareholders funds: (186,649) (188,693)

The notes form part of these financial statements

GLOBAL VALUATION LIMITED

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 January 2021
and signed on behalf of the board by:

Name: Claudio Albanese
Status: Director

The notes form part of these financial statements

GLOBAL VALUATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flowto the company and the revenue can be reliably measured. Revenue is measured as thefair value of the consideration received or receivable, excluding discounts, rebates, valueadded tax and other sales taxes. The following criteria must also be met before revenueis recognised:Rendering of servicesRevenue from a contract to provide services is recognised in the period in which theservices are provided in accordance with the stage of completion of the contract when allof the following conditions are satisfied:the amount of revenue can be measured reliably:it is probable that the company will receive the consideration due under the contract.the stage of completion of the contract at the end of the reporting can be measuredreliably; andthe costs incurred and the costs to complete the contract can be measured reliablyInterest income is recognised in the Statement of comprehensive income using theeffective interest method.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditurethat is directly attributable to bringing the asset to the location and condition necessary forit to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value overtheir estimated useful lives, using the straight-line method.Depreciation is provided on the following basis:Plant and machinery - over 3 yearsThe asset’s residual values, useful lives and depreciation method and reviewed, andadjusted prospectively if appropriate, or of there is an indication of a significant changesince the last reporting date.Gains and losses on disposals are determined by comparing the proceeds with thecarrying amount and are recognised in the Statement of comprehensive income.

Other accounting policies

Going concernThe financial statements have been prepared on a going concern basis. Uncertaintieswhich may cast doubt upon the ability of the company to continue as a going concern havebeen identified by the shareholders, but they have secured financial support for thecompany for the foreseeable future.TaxationTax is recognised in the Statements of comprehensive income, except that a chargeattributable to an item of income and expense recognised as other comprehensive incomeor to an item recognised directly in equity is also recognised in other comprehensiveincome or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws have beenenacted or substantively enacted by the balance sheet date in the countries where thecompany operates or generates income.DebtorsShort term debtors are measured at transaction price, less any impairment. Loansreceivable are measured at initial at fair value, net of transaction costs, and are measuredsubsequently at amortised cost using the effective interest method, less any impairment.CreditorsShort term creditors are measured at the transaction price. Other financial liabilities,including bank loans, are measured initially at fair value, net of transaction costs, and aremeasured subsequently at amortised cost using the effective interest method.Financial instrumentsThe company only enters into a basic financial instruments transaction that result in therecognition of financial assets of liabilities like trade and other debtors and creditors, loansfrom banks and other third parties, loans to related parties and investments in non-puttableordinary shares.The average number of employees during the year was nil (2018 - 1).

GLOBAL VALUATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 0 1

GLOBAL VALUATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Fixed investments

Investment in subsidiary IMEX Analytics Ltd

GLOBAL VALUATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Debtors

2019 2018
££
Debtors due after more than one year: 196,974 196,001

GLOBAL VALUATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Loans to directors

Name of director receiving advance or credit: mr c. albanese
Description of the loan: Interest is charged at 2.5% on outstanding balances
£
Balance at 01 January 2019 165,088
Advances or credits made: 4,044
Advances or credits repaid: 3,310
Balance at 31 December 2019 165,822

GLOBAL VALUATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

6. Related party transactions

Name of the related party: IMEX Analytics Ltd
Relationship:
subsidiary
Description of the Transaction: Creditors include a loan of £309,800 (2018: £309,800) with Imex Analytics Limited in whichthe company has a controlling interest of 85.47%. The loan is interest free and repayableon demand.
£
Balance at 01 January 2019 309,800
Balance at 31 December 2019 309,800
Name of the related party: IMEX Analytics Ltd
Relationship:
subsidiary
Description of the Transaction: Creditors include a loan of £309,800 (2018: £309,800) with Imex Analytics Limited in whichthe company has a controlling interest of 85.47%. The loan is interest free and repayableon demand.
£
Balance at 01 January 2019 309,800
Balance at 31 December 2019 309,800

GLOBAL VALUATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

7. Post balance sheet events

On 22 July 2020, Mr C Albanese, Director, transferred 5% of its company participation to private investors. On 23 July 2020, the company changed its name to Global Valuation Limited.