Global Development & Investment Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05778982 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Global Development & Investment Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B G Z Makarem

Mrs D Khalil

Mrs D M Khalil

SECRETARY:

Mrs D Khalil

REGISTERED OFFICE:

6 King Arthur Close

Cheltenham

GL53 7EX

REGISTERED NUMBER:

05778982 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

Royal Mews

St.Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

865,263

865,263

865,263

865,263

CURRENT ASSETS

Debtors

6

12,000

5,849

Cash at bank

37,640

22,940

49,640

28,789

CREDITORS

Amounts falling due within one year

7

27,018

19,815

NET CURRENT ASSETS

22,622

8,974

TOTAL ASSETS LESS CURRENT LIABILITIES

887,885

874,237

CREDITORS

Amounts falling due after more than one year

8

780,945

794,892

NET ASSETS

106,940

79,345

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

105,940

78,345

SHAREHOLDERS' FUNDS

106,940

79,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 Board of Directors on 17 January 2018 and were signed on its behalf by:

Mrs D Khalil - Director

1.	STATUTORY INFORMATION

Global Development & Investment Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

1,412

DEPRECIATION

At 1 April 2016

and 31 March 2017

1,412

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

865,263

NET BOOK VALUE

At 31 March 2017

865,263

At 31 March 2016

865,263

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

12,000

5,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

(1

)

-

Tax

11,899

11,866

Accruals and deferred income

15,120

7,949

27,018

19,815

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other loans

-

259,350

Directors loans

780,945

535,542

780,945

794,892