Company Registration No. 08265350 (England and Wales)
GLOBAL RETAIL ASSOCIATES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
Faulkner House
Victoria Street
Rayner Essex LLP
St Albans
Chartered Accountants
Herts
AL1 3SE
GLOBAL RETAIL ASSOCIATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
GLOBAL RETAIL ASSOCIATES LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
51
1
Current assets
Debtors
38,700
38,700
Cash at bank and in hand
19
19
38,719
38,719
Creditors: amounts falling due within one year
(38,750)
(38,700)
Net current liabilities/(assets)
(31)
19
Total assets less current liabilities
20
20
Capital and reserves
Called up share capital
3
20
20
Shareholders' funds
20
20
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 October 2016
A R Pegram
Director
Company Registration No. 08265350
GLOBAL RETAIL ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Investments
£
Cost
At 1 June 2015
1
Additions
50
At 31 May 2016
51
At 31 May 2015
1
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Global Display Projects Ltd
England
Ordinary
100.00
Global Display Partners Ltd
England
Ordinary
100.00
Global Display Projects (Europe) Ltd
England
Ordinary
100.00
Global Display SA (Pty) Ltd
South Africa
Ordinary
100.00
Global Display (Australia) Pty Ltd
Australia
Ordinary
100.00
GLOBAL RETAIL ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
2
Fixed assets
(Continued)
- 3 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Global Display Projects Ltd
Suppliers of store fixtures and display equipment
444,455
1,866
Global Display Partners Ltd
Dormant
343,475
-
Global Display Projects (Europe) Ltd
Mannequin renovation
10,344
5,580
Global Display SA (Pty) Ltd
Dormant
50
-
Global Display (Australia) Pty Ltd
Dormant
-
-
On 9th February 2016, the company acquired 100% of the issued share capital of 100 at no par value shares of Global Display SA (Pty) Limited, a company incorporated in the South African jurisdiction.
On 16th December 2015, the company acquired 100% of the 100 issued shares in Global Display (Australia) Pty Limited, a company incorporated in Australia.
Both companies remained dormant during the year.
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary shares of 10p each
20
20