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REGISTERED NUMBER: 01623997 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Finglow Limited

Finglow Limited (Registered number: 01623997)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Finglow Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Ms C Marks
G Czegledy





REGISTERED OFFICE: 5th Floor 10 Finsbury Square
London
EC2A 1AF





REGISTERED NUMBER: 01623997 (England and Wales)





AUDITORS: Xeinadin Audit Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

Finglow Limited (Registered number: 01623997)

Balance Sheet
31 December 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 606,810 607,157
Cash at bank 26,263 5,338
633,073 612,495
CREDITORS
Amounts falling due within one year 5 297,039 276,849
NET CURRENT ASSETS 336,034 335,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,034

335,646

CREDITORS
Amounts falling due after more than one
year

6

-

100,000
NET ASSETS 336,034 235,646

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 335,934 235,546
SHAREHOLDERS' FUNDS 336,034 235,646

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

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 and authorised for issue on 3 October 2023 and were signed on its behalf by:





Ms C Marks - Director


Finglow Limited (Registered number: 01623997)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Finglow Limited 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.

The company is part of a group.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

For software sales, where customers have purchased an "on-premesis product" 30% of the income amount is recognised as revenue, as an up-front licence cost. The remaining 70% is initially deferred and then released over the prescribed software licence period.

Financial instruments
The company only enters into basic financial transactions that require no specific disclosure.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment, since the difference between this basis and the amortised cost basis is not material.

Finglow Limited (Registered number: 01623997)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Creditors
Short and long term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 52,235 56,476
Amounts owed by group undertakings 300,000 300,000
Other debtors 4,571 5,677
356,806 362,153

Amounts falling due after more than one year:
Amounts owed by group undertakings 250,004 245,004

Aggregate amounts 606,810 607,157

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 109 10,445
Taxation and social security 82,761 56,500
Other creditors 214,169 209,904
297,039 276,849

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Amounts owed to group undertakings - 100,000

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Shaw (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

Finglow Limited (Registered number: 01623997)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts were owed by / to group companies and are included in debtors and creditors as appropriate:-
2022 2022 2021 2021
Debtor Creditor Debtor Creditor
£    £    £    £   

Finglow Research Ltd - 109 - 109
Computer Engineering Inc - - - 110,336
Constellation Software Inc 550,004 - 545,004 -
550,004 109 545,004 110,445

9. IMMEDIATE PARENT COMPANY

The company's immediate parent company is Constellation Software UK Holdco Ltd, which is registered in England and Wales. The company's registered office is Unit A1, Methuen Park, Chippenham, England, SN14 0GT.

ULTIMATE PARENT COMPANY

The ultimate parent undertaking and is Constellation Software Canada-UK Holdings Inc, which is incorporated in Canada. Copies of the financial statement can be obtained from 20 Adelaide St E Suite 1200 Toronto, ON, M5C 2T6 Canada.

The company has no ultimate controlling party.