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REGISTERED NUMBER: 09505970 (England and Wales)












Financial Statements

for the Year Ended 31 January 2023

for

Showpad Ltd

Showpad Ltd (Registered number: 09505970)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Showpad Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: M A Miller
H M Isebaert





SECRETARY: MY UK OFFICE LIMITED





REGISTERED OFFICE: Westwood House
Annie Med Lane
South Cave
Brough
HU15 2HG





REGISTERED NUMBER: 09505970 (England and Wales)





AUDITORS: Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

Showpad Ltd (Registered number: 09505970)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,685 167,876

CURRENT ASSETS
Debtors 5 1,288,959 1,210,747
Cash at bank 456,938 261,461
1,745,897 1,472,208
CREDITORS
Amounts falling due within one year 6 685,885 774,878
NET CURRENT ASSETS 1,060,012 697,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,233,697

865,206

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 1,233,597 865,106
SHAREHOLDERS' FUNDS 1,233,697 865,206

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 20 September 2023 and were signed on its behalf by:





M A Miller - Director


Showpad Ltd (Registered number: 09505970)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Showpad Ltd 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.

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.

The company is dependent on the continued financial support of Showpad NV. The Directors of Showpad NV have agreed to provide continued financial support to ensure the company will be able to trade as a going concern for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

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

Turnover comprises revenue recognised by the company in respect of management fees charged to the parent company for provision of services. The turnover is based on costs incurred in providing services plus an agreed mark up.

Revenue in respect of management fees is invoiced quarterly and recognised in the same accounting period as the costs were incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment: 20% on cost, 33.33% on cost & 50% on cost.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2022 - 46 ) .

Showpad Ltd (Registered number: 09505970)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 294,418
Additions 90,404
Disposals (14,458 )
At 31 January 2023 370,364
DEPRECIATION
At 1 February 2022 126,542
Charge for year 75,245
Eliminated on disposal (5,108 )
At 31 January 2023 196,679
NET BOOK VALUE
At 31 January 2023 173,685
At 31 January 2022 167,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,053,034 774,381
Other debtors 235,925 436,366
1,288,959 1,210,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 148,801 223,075
Taxation and social security 80,560 53,288
Other creditors 456,524 498,515
685,885 774,878

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Showpad Ltd (Registered number: 09505970)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. RESERVES
Retained
earnings
£   

At 1 February 2022 865,106
Profit for the year 368,491
At 31 January 2023 1,233,597

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

The Report of the Auditors was unqualified.

Andrew Ewart FCA FCCA (Senior Statutory Auditor)
for and on behalf of Try Lunn & Co

10. RELATED PARTY DISCLOSURES

During the period the company provided management services under normal commercial terms totalling £11,946,751 (2022 £7,368,627) to Showpad NV, the parent company of Showpad Limited.

At the balance sheet date an amount of £1,053,034 was owed by Showpad NV (2022 £774,381). This loan is interest free and unsecured.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Showpad NV, a company incorporated in Belgium.