Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312false2023-01-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12369848 2023-01-01 2023-12-31 12369848 2022-01-01 2022-12-31 12369848 2023-12-31 12369848 2022-12-31 12369848 c:Director1 2023-01-01 2023-12-31 12369848 d:CurrentFinancialInstruments 2023-12-31 12369848 d:CurrentFinancialInstruments 2022-12-31 12369848 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12369848 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12369848 d:ShareCapital 2023-12-31 12369848 d:ShareCapital 2022-12-31 12369848 d:RetainedEarningsAccumulatedLosses 2023-12-31 12369848 d:RetainedEarningsAccumulatedLosses 2022-12-31 12369848 c:FRS102 2023-01-01 2023-12-31 12369848 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12369848 c:FullAccounts 2023-01-01 2023-12-31 12369848 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12369848 2 2023-01-01 2023-12-31 12369848 6 2023-01-01 2023-12-31 12369848 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12369848










GLADE CAPITAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GLADE CAPITAL LIMITED
REGISTERED NUMBER: 12369848

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Investments
 4 
2,000,099
2,000,099

  
2,000,099
2,000,099

Current assets
  

Debtors: amounts falling due within one year
 5 
42,375,299
19,839,751

Cash at bank and in hand
  
235,585
10,945

  
42,610,884
19,850,696

Creditors: amounts falling due within one year
 6 
(44,792,919)
(21,852,528)

Net current liabilities
  
 
 
(2,182,035)
 
 
(2,001,832)

Total assets less current liabilities
  
(181,936)
(1,733)

  

Net liabilities
  
(181,936)
(1,733)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(181,937)
(1,734)

  
(181,936)
(1,733)


Page 1

 
GLADE CAPITAL LIMITED
REGISTERED NUMBER: 12369848
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 




Idan Moskovich
Director

Date: 21 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GLADE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Glade Capital Limited is a private company limited by shares incorporated in England & Wales (registered number 12369848). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. 
The financial statements are presented in Sterling, which is the functional currency of the company. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
GLADE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
2,000,099



At 31 December 2023
2,000,099




Page 4

 
GLADE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
42,375,299
19,839,751

42,375,299
19,839,751



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
44,792,919
21,852,528

44,792,919
21,852,528


Page 5