Registration number:
Glug Global Holdings Limited
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Brebners
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Glug Global Holdings Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Glug Global Holdings Limited
Company Information
Directors |
D M Jones N R Mullett |
Registered office |
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Auditor |
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Glug Global Holdings Limited
Statement of Financial Position as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Net assets |
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Capital and reserves |
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Called up share capital |
150 |
150 |
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Share premium reserve |
199,955 |
199,955 |
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Retained earnings |
(200,000) |
(200,000) |
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Shareholders' funds |
105 |
105 |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.
Approved and authorised by the
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N R Mullett
Director
Company registration number: 12367961
Glug Global Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of a holding company.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Group accounts not prepared
Going concern
The company has remained dormant since April 2021. The directors have valued all assets at their recoverable amounts and included all known liabilities within these accounts to reflect this dormant status. The company is reliant upon the continuing support of its intermediate parent undertaking shown in note 6 and hence the directors have in all other respects adopted the going concern basis of preparation for these financial statements.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Glug Global Holdings Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Audit Report |
Staff numbers |
The average number of persons employed by the company during the year, was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 January 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Debtors |
2023 |
2022 |
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Other debtors |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
Adwanted Group SAS, whose registered office is situated at 40 place du Théâtre - 59800 Lille, France, is the parent of the largest and smallest group preparing consolidated financial statements incorporating the results of the company.