Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-311The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-01-01false1false 08802476 2022-01-01 2022-12-31 08802476 2021-01-01 2021-12-31 08802476 2022-12-31 08802476 2021-12-31 08802476 c:Director5 2022-01-01 2022-12-31 08802476 d:CurrentFinancialInstruments 2022-12-31 08802476 d:CurrentFinancialInstruments 2021-12-31 08802476 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08802476 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08802476 d:ShareCapital 2022-12-31 08802476 d:ShareCapital 2021-12-31 08802476 d:RetainedEarningsAccumulatedLosses 2022-12-31 08802476 d:RetainedEarningsAccumulatedLosses 2021-12-31 08802476 c:OrdinaryShareClass1 2022-01-01 2022-12-31 08802476 c:OrdinaryShareClass1 2022-12-31 08802476 c:OrdinaryShareClass1 2021-12-31 08802476 c:FRS102 2022-01-01 2022-12-31 08802476 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08802476 c:FullAccounts 2022-01-01 2022-12-31 08802476 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08802476


GLOBAL PARTNER SOLUTIONS EUROPE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

 
GLOBAL PARTNER SOLUTIONS EUROPE LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4


 
GLOBAL PARTNER SOLUTIONS EUROPE LIMITED
REGISTERED NUMBER:08802476

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
29
46

Cash at bank and in hand
  
2,201
991

  
2,230
1,037

Creditors: amounts falling due within one year
 5 
(131,285)
(118,059)

Net current liabilities
  
 
 
(129,055)
 
 
(117,022)

Total assets less current liabilities
  
(129,055)
(117,022)

  

Net liabilities
  
(129,055)
(117,022)


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
(130,055)
(118,022)

  
(129,055)
(117,022)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2023.




R Hachey
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
GLOBAL PARTNER SOLUTIONS EUROPE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Global Partner Solutions Europe Limited (the company) is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is dependent upon the financial support of related undertakings. The directors have received assurances from the related undertakings that they will continue to provide the financial support necessary to enable the company to continue in operational existence for the foreseeable furture. 
Accordingly, these financial statements have been prepared on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 2

 
GLOBAL PARTNER SOLUTIONS EUROPE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Debtors

2022
2021
£
£


Other debtors
29
46


Page 3

 
GLOBAL PARTNER SOLUTIONS EUROPE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
2,412
336

Other creditors
128,583
117,443

Accruals and deferred income
290
280

131,285
118,059



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1,000 (2021 - 1,000) A Ordinary shares of £1.00 each
1,000
1,000



7.


Controlling party

At the balance sheet date the ultimate controlling party was 4332458 Canada Inc.

 
Page 4