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Registered number: 11829530
The Gloop Group Limited
Financial Statements
For The Year Ended 31 July 2023
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11829530
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,500 -
Investments 5 90 90
67,590 90
CURRENT ASSETS
Debtors 6 269,505 188,280
Cash at bank and in hand 720,835 593,967
990,340 782,247
Creditors: Amounts Falling Due Within One Year 7 (2,414 ) (29,458 )
NET CURRENT ASSETS (LIABILITIES) 987,926 752,789
TOTAL ASSETS LESS CURRENT LIABILITIES 1,055,516 752,879
NET ASSETS 1,055,516 752,879
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,055,515 752,878
SHAREHOLDERS' FUNDS 1,055,516 752,879
Page 1
Page 2
For the year ending 31 July 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 Alexis Pluck
Director
03/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Gloop Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11829530 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles NIL
The motor vehicle is considered to be an appreciating asset and no depreciation charge was been accounted for in this period.
2.3. Financial Instruments
The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 August 2022 -
Additions 67,500
As at 31 July 2023 67,500
Net Book Value
As at 31 July 2023 67,500
As at 1 August 2022 -
5. Investments
Unlisted
£
Cost
As at 1 August 2022 90
As at 31 July 2023 90
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 90
As at 1 August 2022 90
6. Debtors
2023 2022
£ £
Due within one year
Amounts owed by subsidiaries 269,505 188,280
269,505 188,280
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 254 9,383
Directors' loan accounts 2,160 20,075
2,414 29,458
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4