Company Registration No. 10295971 (England and Wales)
Global Harvester Holdings (UK) Ltd
Unaudited accounts
for the period from 1 August 2020 to 31 March 2021
Global Harvester Holdings (UK) Ltd
Unaudited accounts
Contents
Global Harvester Holdings (UK) Ltd
Company Information
for the period from 1 August 2020 to 31 March 2021
Directors
Ana Haurie
Robin Bowie
Company Number
10295971 (England and Wales)
Registered Office
69 Chester Row
London
SW1W 8JL
Global Harvester Holdings (UK) Ltd
Statement of financial position
as at
31 March 2021
Tangible assets
3,580
5,548
Investments
252,020
252,020
Cash at bank and in hand
65,222
18,427
Creditors: amounts falling due within one year
(378,457)
(369,413)
Net current assets
213,491
88,358
Total assets less current liabilities
469,091
345,926
Creditors: amounts falling due after more than one year
(532,992)
(514,990)
Net liabilities
(63,901)
(169,064)
Called up share capital
396
365
Profit and loss account
(64,297)
(169,429)
Shareholders' funds
(63,901)
(169,064)
For the period ending 31 March 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2021 and were signed on its behalf by
Ana Haurie
Director
Company Registration No. 10295971
Global Harvester Holdings (UK) Ltd
Notes to the Accounts
for the period from 1 August 2020 to 31 March 2021
Global Harvester Holdings (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10295971. The registered office is 69 Chester Row, London, SW1W 8JL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in associates are included at cost less impairment.
Investments in subsidiaries are included at cost less impairment.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets relating to the carry forward of unused tax losses are recognised to the extend that is probable that future taxable profit will be available against which unused tax losses can be utilised.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33%
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Global Harvester Holdings (UK) Ltd
Notes to the Accounts
for the period from 1 August 2020 to 31 March 2021
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the period
1,968
5
Investments
Other investments
Valuation at 1 August 2020
252,020
Valuation at 31 March 2021
252,020
Investments in associates are included at cost less impairment.
Investments in subsidiaries are included at cost less impairment.
Financial statements are separate financial statements.
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Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
434,355
348,513
Deferred tax asset
3,611
29,494
Accrued income and prepayments
39,114
46,582
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Creditors: amounts falling due within one year
2021
2020
Trade creditors
16,048
22,045
Other creditors
79,261
61,670
Loans from directors
252,000
252,000
Global Harvester Holdings (UK) Ltd
Notes to the Accounts
for the period from 1 August 2020 to 31 March 2021
8
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
532,992
514,990
9
Deferred taxation
2021
2020
Tax losses carried forward
(4,291)
(30,548)
Other deferred taxation
680
1,054
Provision at start of period
(29,494)
(28,016)
Charged/(credited) to the profit and loss account
25,883
(1,478)
Provision at end of period
(3,611)
(29,494)
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Share capital
2021
2020
Allotted, called up and fully paid:
100 A Ordinary Shares of £1 each
100
100
100 B Ordinary Shares of £1 each
100
100
190 C Ordinary Shares of £0.50 each
95
93
178 R Ordinary Shares of £0.50 each
89
62
4 R2 Ordinary Shares of £0.50 each
2
-
10 Preference Shares (non-redeemable) of £1 each
10
10
Shares issued during the period:
4 C Ordinary Shares of £0.50 each
2
54 R Ordinary Shares of £0.50 each
27
4 R2 Ordinary Shares of £0.50 each
2
Global Harvester Holdings (UK) Ltd
Notes to the Accounts
for the period from 1 August 2020 to 31 March 2021
11
Transactions with related parties
Robin Bowie - Director
During the period to 31 March 2021, Mr Robin Bowie provided the company with a secured loan of £55,888 (2020 - £390,000). The loan bears interest on the Principal Amount of 5% per annum (2020 - 15%) and is payable in arrears on 31st March in each year. During the period the company repaid £37,886 in respect of this loan. The loan is repayable on or before the 12th December 2024. Interest incurred on the loan £17,591 (2020 - £55,691). At 31 March 2021 the company owed £612,253 (2020 - £576,660) to Mr Bowie.
At 31 March 2021, Creditors: amounts falling due within one year include an unsecured and interest free loan of £252,000 (2020 - £252,000) owed to Mr Robin Bowie. The loan is repayable on demand.
Circula Ltd
The company hold a 100% interest in Circula Ltd. At 31 March 2021 the company was owed £119,053 (2020 - £90,600) from Circula Ltd. A loan is interest free and repayable on demand.
Respira International Ltd
The company hold a 78% interest in Respira International Ltd ("Respira"). During the period the company charged Respira £9,490 plus VAT (£2020 - 166,475 plus VAT) in respect of shared administration costs. At 31 March 2021 Respira owed £161,158 (£2020 - 220,267) in respect of these transactions.
At 31 March 2021, amounts due from group undertakings include an unsecured and interest free loan of £154,144 (2020 - 57,645) owed to the company from Respira. The loan is repayable on demand.
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Average number of employees
During the period the average number of employees was 0 (2020: 0).