Globaltop Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04330946 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

GLOBALTOP LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Rothman

SECRETARY:

Mr L Schwartz

REGISTERED OFFICE:

115b Drysdale Street

Hoxton

London

N1 6ND

REGISTERED NUMBER:

04330946 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

115b Drysdale Street

Hoxton

London

N1 6ND

FIXED ASSETS

Tangible assets

2

328,731

CURRENT ASSETS

Debtors

7,309

7,175

Cash at bank

22,590

24,607

29,899

31,782

CREDITORS

Amounts falling due within one year

313,520

326,995

NET CURRENT LIABILITIES

(283,621

)

(295,213

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

45,110

33,518

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

45,100

33,508

SHAREHOLDERS' FUNDS

45,110

33,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 August 2016 and were signed by:

Mr M Rothman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible fixed assets

Tangible fixed assets is comprised of freehold properties of which the director is expected to appreciate in value

and as such has not depreciated these assets in the accounts.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

328,731

NET BOOK VALUE

At 30 November 2015

328,731

At 30 November 2014

328,731

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10

Ordinary

1

10

4.	RELATED PARTY DISCLOSURES

Mr M Rothman

Director and shareholder.

2015

2014

£

Amount due to related party at the balance sheet date

303,111

316,581