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REGISTERED NUMBER: 09618146 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NETBASE GLOBAL LIMITED

NETBASE GLOBAL LIMITED (REGISTERED NUMBER: 09618146)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NETBASE GLOBAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: P Caswell
Mrs J P Collum





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB





REGISTERED NUMBER: 09618146 (England and Wales)





AUDITORS: Fairhurst
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

NETBASE GLOBAL LIMITED (REGISTERED NUMBER: 09618146)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 627,109 725,142
Cash at bank 388,235 28,663
1,015,344 753,805
CREDITORS
Amounts falling due within one year 5 352,022 214,278
NET CURRENT ASSETS 663,322 539,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

663,322

539,527

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 663,222 539,427
663,322 539,527

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 October 2024 and were signed on its behalf by:





Mrs J P Collum - Director


NETBASE GLOBAL LIMITED (REGISTERED NUMBER: 09618146)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Financial instruments
The company only enters into basic financial instruments that results on the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments on non-puttable ordinary shares.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

NETBASE GLOBAL LIMITED (REGISTERED NUMBER: 09618146)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 467,093 356,401
Other debtors 160,016 368,741
627,109 725,142

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,808 9,449
Taxation and social security 157,746 133,082
Other creditors 190,468 71,747
352,022 214,278

6. RESERVES
Retained
earnings
£   

At 1 February 2023 539,427
Profit for the year 123,795
At 31 January 2024 663,222

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jane Dennis BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Fairhurst

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £51,670 (2023: £49,344). Contributions totalling £4,371 (2023: £5,663) were payable to the fund at the balance sheet date and are included in creditors.

NETBASE GLOBAL LIMITED (REGISTERED NUMBER: 09618146)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

9. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Netbase Solutions, Inc., a company incorporated in the United States of America.

During the year the company invoiced Netbase Solutions, Inc. sales amounting to £2,338,258 (2023:£2,338,220).

At year end the amount owed to the company by its parent company, Netbase Solutions, Inc., was £467,093 (2023:£356,401).

10. ULTIMATE CONTROLLING PARTY

Netbase Solution Inc. (incorporated in United States of America) is regarded by the directors as being the company's ultimate parent company.

The largest and smallest group in which the results of the company are consolidated is that by Netbase Solutions Inc., a private company incorporated in the United States of America. The address of Netbase Solutions Inc. is 3960 Freedom Circle Suite, 201 Santa Clara, CA 95054.

11. SHARE-BASED PAYMENT TRANSACTIONS

Netbase Solution Inc., the parent company of Netbase Global Limited, offers to its employees an equity-settled share based remuneration scheme ("Equity-settled remuneration"). The share options relate to the parent company's common stock.

Details of the scheme are as follows:




Type


Grant Price
($)
Outstanding
as at 31
January
2023

Granted
during
the period

Exercised
during the
period

Surrendered
during the
period

Outstanding as
at 31 January
2024
ISO0.07549,000---549,000
NQ0.0462,034---62,034
NQ0.0517,000---17,000
NQ0.0757,392---57,392
NQ0.108,000---8,000
Total693,426000693,426