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REGISTERED NUMBER: 11246402 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GLOBAL DIGITAL FINANCE LIMITED

GLOBAL DIGITAL FINANCE LIMITED (REGISTERED NUMBER: 11246402)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLOBAL DIGITAL FINANCE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: D L Wintermeyer
A H Basit





SECRETARY: A H Basit





REGISTERED OFFICE: 128 City Road
London
EC1V 2NX





REGISTERED NUMBER: 11246402 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

GLOBAL DIGITAL FINANCE LIMITED (REGISTERED NUMBER: 11246402)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 223,761 196,045
Cash at bank 97,639 119,435
321,400 315,480
CREDITORS
Amounts falling due within one year 5 590,292 503,296
NET CURRENT LIABILITIES (268,892 ) (187,816 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(268,892

)

(187,816

)

RESERVES
Income and expenditure account (268,892 ) (187,816 )
(268,892 ) (187,816 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





A H Basit - Director


GLOBAL DIGITAL FINANCE LIMITED (REGISTERED NUMBER: 11246402)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Global Digital Finance Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
After consideration, the directors have reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months and one day from the date these financial statements were approved. In review of the going concern, the directors noted that the large proportion of liabilities related to deferred revenue which relate to future periods.

The deferred revenue included in other creditors is £445,312 (2022: £454,927) which causes the net liability position, this will unwind in future periods moving the company back to a net asset position and as such continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised over the life of the membership and recognised within other creditors as deferred revenue. Memberships are non-refundable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Basic financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have and Other Financial Instruments as covered by section 12 of FRS 102 (section 1A).

GLOBAL DIGITAL FINANCE LIMITED (REGISTERED NUMBER: 11246402)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 126,331 152,654
Amounts owed by group undertakings 78,762 -
Other debtors 18,668 43,391
223,761 196,045

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,850 -
Taxation and social security 43,361 30,225
Other creditors & accruals 544,081 473,071
590,292 503,296