Gleeson International Limited 13302496 true 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 J Blakey A Gleeson J Granger true true true false false 13302496 2023-01-01 2023-12-31 13302496 2023-12-31 13302496 bus:OrdinaryShareClass1 2023-12-31 13302496 bus:OrdinaryShareClass2 2023-12-31 13302496 bus:OrdinaryShareClass3 2023-12-31 13302496 core:ShareCapital 2023-12-31 13302496 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13302496 bus:FRS102 2023-01-01 2023-12-31 13302496 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13302496 bus:FullAccounts 2023-01-01 2023-12-31 13302496 bus:RegisteredOffice 2023-01-01 2023-12-31 13302496 bus:Director1 2023-01-01 2023-12-31 13302496 bus:Director2 2023-01-01 2023-12-31 13302496 bus:Director3 2023-01-01 2023-12-31 13302496 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13302496 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 13302496 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 13302496 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13302496 core:Subsidiary1 2023-01-01 2023-12-31 13302496 core:Subsidiary1 1 2023-01-01 2023-12-31 13302496 core:Subsidiary1 countries:Germany 2023-01-01 2023-12-31 13302496 core:Subsidiary2 2023-01-01 2023-12-31 13302496 core:Subsidiary2 1 2023-01-01 2023-12-31 13302496 core:Subsidiary2 countries:AllCountries 2023-01-01 2023-12-31 13302496 1 2023-01-01 2023-12-31 13302496 countries:AllCountries 2023-01-01 2023-12-31 13302496 2022-01-01 2022-12-31 13302496 2022-12-31 13302496 bus:OrdinaryShareClass1 2022-12-31 13302496 bus:OrdinaryShareClass2 2022-12-31 13302496 bus:OrdinaryShareClass3 2022-12-31 13302496 core:ShareCapital 2022-12-31 13302496 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13302496 core:Subsidiary1 1 2022-01-01 2022-12-31 13302496 core:Subsidiary2 1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13302496 (England & Wales)

Gleeson International Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Gleeson International Limited

Profit and Loss Account for the Year Ended 31 December 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Gleeson International Limited

(Registration number: 13302496)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

21,206

21,206

Creditors: Amounts falling due within one year

5

(21,203)

(21,203)

Net assets

 

3

3

Capital and reserves

 

Called up share capital

6

3

3

Shareholders' funds

 

3

3

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 


A Gleeson
Director

 

Gleeson International Limited

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

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
8th Floor
Edmund House
12-22 Newhall Street
Birmingham
United Kingdom
B3 3AS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Gleeson Recruitment Ltd.

The financial statements of Gleeson Recruitment Ltd may be obtained from the company's registered office.

Group accounts not prepared

The financial statements contain information about Gleeson International Limited as an indvidual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Gleeson Recruitment Ltd.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Gleeson International Limited

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

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

21,206

21,206

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Gleeson International Limited

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

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Gleeson Recruitment (Deutschland) GmbH

Germany

Ordinary

100%

100%

Pharma Partners Search Inc

United States of America

Ordinary

100%

100%

5

Creditors

2023
£

2022
£

Due within one year

Amounts due to related parties

21,203

21,203

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares A of £0.00 each

1,000,000

1

1,000,000

1

Ordinary Shares B of £0.00 each

1,000,000

1

1,000,000

1

Ordinary Shares C of £0.00 each

1,000,000

1

1,000,000

1

 

3,000,000

3

3,000,000

3

All shares rank pari passu as regards to voting rights, dividends, capital and participation in a distribution (including on winding up).

All shares are not redeemable and are not liable to be redeemed at the option of the Company or any shareholder.

7

Parent and ultimate parent undertaking

The company's immediate parent is Gleeson Recruitment Ltd, incorporated in the United Kingdom.

  These financial statements are available upon request from 8th Floor Edmund House, 12-22 Newhall Street, Birmingham, B3 3AS.