Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalsetrue22true2023-01-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07493679 2023-01-01 2023-12-31 07493679 2022-01-01 2022-12-31 07493679 2023-12-31 07493679 2022-12-31 07493679 c:Director1 2023-01-01 2023-12-31 07493679 d:CurrentFinancialInstruments 2023-12-31 07493679 d:CurrentFinancialInstruments 2022-12-31 07493679 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07493679 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07493679 d:ShareCapital 2023-12-31 07493679 d:ShareCapital 2022-12-31 07493679 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07493679 d:RetainedEarningsAccumulatedLosses 2023-12-31 07493679 d:RetainedEarningsAccumulatedLosses 2022-12-31 07493679 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07493679 c:OrdinaryShareClass1 2023-12-31 07493679 c:OrdinaryShareClass1 2022-12-31 07493679 c:FRS102 2023-01-01 2023-12-31 07493679 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07493679 c:FullAccounts 2023-01-01 2023-12-31 07493679 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07493679 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07493679









EM GLOBAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EM GLOBAL LIMITED
REGISTERED NUMBER: 07493679

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
1

Cash at bank and in hand
 5 
79
83

  
79
84

Creditors: amounts falling due within one year
 6 
(5,152)
(4,192)

Net current liabilities
  
 
 
(5,073)
 
 
(4,108)

Total assets less current liabilities
  
(5,073)
(4,108)

  

Net liabilities
  
(5,073)
(4,108)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(5,074)
(4,109)

  
(5,073)
(4,108)


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: 


................................................
L J Eisenstein
Director

Date: 18 September 2024

The notes on pages 2 to 4 form part of these financial statements.

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EM GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

EM Global Ltd is a UK registered Limited company, number 07493679. The registered office is 10 Norwich Street, London, EC4A 1BD.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered a period of 12 months from approval of these accounts and are satisfied that the going concern basis continues to be appropriate. The company will continue with the financial support of the connected companies. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP. Monetary amounts in the financial statements are rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

- 2 -

 
EM GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

  
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees



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


4.


Debtors

2023
2022
£
£


Called up share capital not paid
-
1



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
79
83


- 3 -

 
EM GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
4,192
3,364

Accruals and deferred income
960
828

5,152
4,192



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


Reserves

Profit & loss account

This reserve represents the cumulative profits and losses retained by the Company. 


9.


Related party transactions

The Company has taken exemption under Paragraph 33.1A of FRS 102 from disclosing transactions entered into between members of a wholly owned group.


10.


Controlling party

The company is 100% owned by Eisenstein Malanchuk LLP which is an LLP incorporated in Washington DC, USA.

- 4 -