Glug Global Holdings Limited 12367961 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false false true 12367961 2023-01-01 2023-12-31 12367961 2023-12-31 12367961 core:CurrentFinancialInstruments 2023-12-31 12367961 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12367961 bus:SmallEntities 2023-01-01 2023-12-31 12367961 bus:Audited 2023-01-01 2023-12-31 12367961 bus:FullAccounts 2023-01-01 2023-12-31 12367961 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12367961 bus:RegisteredOffice 2023-01-01 2023-12-31 12367961 bus:Director1 2023-01-01 2023-12-31 12367961 bus:Director3 2023-01-01 2023-12-31 12367961 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12367961 1 2023-01-01 2023-12-31 12367961 countries:EnglandWales 2023-01-01 2023-12-31 12367961 core:CostValuation 2022-12-31 12367961 2022-01-01 2022-12-31 12367961 2022-12-31 12367961 core:CurrentFinancialInstruments 2022-12-31 12367961 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12367961

Glug Global Holdings Limited

Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

Glug Global Holdings Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 4

 

Glug Global Holdings Limited

Company Information

Directors

D M Jones

N R Mullett

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Auditor

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

Glug Global Holdings Limited

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

5

90

90

Current assets

 

Debtors

6

15

15

Net assets

 

105

105

Capital and reserves

 

Called up share capital

150

150

Share premium reserve

199,955

199,955

Retained earnings

(200,000)

(200,000)

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 Board on 20 March 2024 and signed on its behalf by:
 

.........................................

N R Mullett

Director

Company registration number: 12367961

 

Glug Global Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of a holding company.

2

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

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group. Therefore the accounts show information about the company as an individual entity.

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

3

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 20 March 2024 was Darren Bond, who signed for and on behalf of Brebners.

4

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

5

Investments

2023
£

2022
£

Investments in subsidiaries

90

90

Subsidiaries

£

Cost or valuation

At 1 January 2023

90

Carrying amount

At 31 December 2023

90

At 31 December 2022

90

6

Debtors

2023
£

2022
£

Other debtors

15

15

15

15

7

Parent and ultimate parent undertaking

The company's immediate parent is Mediatel Limited, incorporated in England and Wales.

 The ultimate parent is Debuyck Participations SARL, incorporated in France.

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.