Globe Education (GB) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07286733

Financial Statements for the Year Ended 31 December 2017

for

Globe Education (GB) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T M Andradi

Mr G J Phillips

REGISTERED OFFICE:

Chaucer House

White Hart Yard

London

SE1 1NX

REGISTERED NUMBER:

07286733

ACCOUNTANTS:

Harans & Co

Chartered Certified Accountants

324 Stafford Road

Croydon

Surrey

CR0 4NH

FIXED ASSETS

Investments

4

23,245,000

22,035,000

CURRENT ASSETS

Debtors

5

5,365,490

4,775,659

Cash at bank

77,600

7,195

5,443,090

4,782,854

CREDITORS

Amounts falling due within one year

6

6,689,011

4,929,684

NET CURRENT LIABILITIES

(1,245,921

)

(146,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,999,079

21,888,170

CAPITAL AND RESERVES

Called up share capital

101,000

101,000

Revaluation reserve

7

21,664,487

21,664,487

Retained earnings

233,592

122,683

SHAREHOLDERS' FUNDS

21,999,079

21,888,170

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 October 2018 and were signed on its behalf by:

Mr T M Andradi - Director

1.	STATUTORY INFORMATION

Globe Education (GB) Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 2 ).

4.	FIXED ASSET INVESTMENTS

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

5,365,490

4,775,659

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

-

41

Tax

26,470

26,466

Social security and other taxes

677

3,175

Other creditors

6,661,864

4,891,177

Accrued expenses

-

8,825

6,689,011

4,929,684

7.

RESERVES

Revaluation

reserve

£

At 1 January 2017

and 31 December 2017

21,664,487