Acorah Software Products - Accounts Production 14.6.300 false true true false 26 January 2023 31 December 2023 31 December 2023 14617587 Mrs Julia Hawkins Mr Oliver Hildebrandt true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14617587 2023-01-25 14617587 2023-12-31 14617587 2023-01-26 2023-12-31 14617587 frs-core:CurrentFinancialInstruments 2023-12-31 14617587 frs-core:Non-currentFinancialInstruments 2023-12-31 14617587 frs-core:OtherReservesSubtotal 2023-12-31 14617587 frs-core:ShareCapital 2023-12-31 14617587 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14617587 frs-bus:PrivateLimitedCompanyLtd 2023-01-26 2023-12-31 14617587 frs-bus:FilletedAccounts 2023-01-26 2023-12-31 14617587 frs-bus:SmallEntities 2023-01-26 2023-12-31 14617587 frs-bus:AuditExempt-NoAccountantsReport 2023-01-26 2023-12-31 14617587 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-26 2023-12-31 14617587 1 2023-01-26 2023-12-31 14617587 frs-bus:Director1 2023-01-26 2023-12-31 14617587 frs-bus:Director2 2023-01-26 2023-12-31 14617587 frs-countries:EnglandWales 2023-01-26 2023-12-31
Registered number: 14617587
Gilion Ltd
Unaudited Financial Statements
For the Period 26 January 2023 to 31 December 2023
Accountum Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14617587
31 December 2023
Notes £ £
CURRENT ASSETS
Debtors 4 14,789
Cash at bank and in hand 16,665
31,454
Creditors: Amounts Falling Due Within One Year 5 (20,241 )
NET CURRENT ASSETS (LIABILITIES) 11,213
TOTAL ASSETS LESS CURRENT LIABILITIES 11,213
Creditors: Amounts Falling Due After More Than One Year 6 (320,263 )
NET LIABILITIES (309,050 )
CAPITAL AND RESERVES
Called up share capital 7 1
Other reserves 77,346
Profit and Loss Account (386,397 )
SHAREHOLDERS' FUNDS (309,050)
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Oliver Hildebrandt
Director
25/04/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gilion Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14617587 . The registered office is Sweden House, 5 Upper Montagu Street, London, W1H 2AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company will continue to receive the financial support from its parent company for at least the next 12 months following the approval of these financial statements.
2.3. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.7. Share based payments
Employees of the company receive remuneration in the form of share-based payments, whereby employees render services as consideration for equity instruments (equity-settled transactions) granted to them in a scheme operated by a parent company. This scheme relates to shares in a parent company. The share options will vest over a 4 year period with the option to then exercise over the following 6 years. 
Share based payments are measured on the basis of reasonable allocation of the expense for the group (based on the costs attributable to the company's employees), calculated in accordance with Section 26 of FRS 102.
The share options have been granted by a parent company, Ark Kapital TopCo AB, which are not charged back to the company. The benefit received by the company is therefore considered a capital contribution recognised in equity.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Debtors
31 December 2023
£
Due within one year
Prepayments and accrued income 14,789
14,789
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Page 3
5. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 1,728
Other taxes and social security 10,955
Other creditors 2,986
Amounts owed to group undertakings 4,572
20,241
The amounts owed to group undertakings represent the interest payable on group loan balances. Interest is charged at 3.316% and recognised in the profit and loss account.
6. Creditors: Amounts Falling Due After More Than One Year
31 December 2023
£
Other taxes and social security 10,674
Amounts owed to group undertakings 309,589
320,263
Part of the loan balance due to group undertakings is subject to interest as explained in the previous note (creditors less than one year).
7. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 1
8. Reserves
The retained earnings reserve represents cumulative profit or lossed net of dividends paid and other adjustments.
Other reserves relate to a share-based payment arrangement pursuant to a plan established by a parent company and this equity capital allocation is the company's share of the employee options expense.
9. Related Party Transactions
The company is a wholly owned subsidiary member of it's group and has therefore taken advantage of the provisions of Section 33.1A of FRS102 not to disclose transactions with entities that are wholly owned members of the group.
Other than disclosed in these accounts, there were no other transactions with related parties that were not made under normal market conditions.
10. Ultimate Controlling Party
The company's immediate parent is Gilion International AB, a company incorporated in Sweden. The ultimate parent company is Ark Kapital TopCo AB, also incorporated in Sweden. Consolidated accounts can be obtained from Eriksbergsgatan 27, Stockholm, 11430, Sweden.
11. Share-based payments
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Page 4
The entity is part of a group share-based payment scheme and it recognises and measures its share-based payment expense on the basis of reasonable allocation of the expense recongised for the group. 
The movements in the number of share options during the period were as follows:
Granted during the period: 5,534
Outstanding, end of period: 5,534
The total expense recognised in the profit and loss for the period was £88,020.
Page 4