Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302true2false2023-10-01trueOther business servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10735415 2023-10-01 2024-09-30 10735415 2022-10-01 2023-09-30 10735415 2024-09-30 10735415 2023-09-30 10735415 c:Director1 2023-10-01 2024-09-30 10735415 d:CurrentFinancialInstruments 2024-09-30 10735415 d:CurrentFinancialInstruments 2023-09-30 10735415 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10735415 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10735415 d:ShareCapital 2024-09-30 10735415 d:ShareCapital 2023-09-30 10735415 d:RetainedEarningsAccumulatedLosses 2024-09-30 10735415 d:RetainedEarningsAccumulatedLosses 2023-09-30 10735415 c:FRS102 2023-10-01 2024-09-30 10735415 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10735415 c:FullAccounts 2023-10-01 2024-09-30 10735415 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10735415 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 10735415










LONDON GLOBAL ASSET MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LONDON GLOBAL ASSET MANAGEMENT LIMITED
REGISTERED NUMBER: 10735415

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
13,253
5,519

Cash at bank and in hand
 5 
12,882
6,549

  
26,135
12,068

Creditors: amounts falling due within one year
 6 
(12,107)
(61,280)

Net current assets/(liabilities)
  
 
 
14,028
 
 
(49,212)

Total assets less current liabilities
  
14,028
(49,212)

  

Net assets/(liabilities)
  
14,028
(49,212)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
13,928
(49,312)

  
14,028
(49,212)


Page 1

 
LONDON GLOBAL ASSET MANAGEMENT LIMITED
REGISTERED NUMBER: 10735415
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 profit and loss account 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: 




Paul Aubery
Director

Date: 23 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LONDON GLOBAL ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales, registered number 10735415. The address of the registered office is 14th Floor, 33 Cavendish Square, London. W1G 0PW.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the financial statements on a going concern basis taking into account the current market position and prospects of the company and the continued working capital support provided by the company's shareholders.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

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.

 
2.6

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.

Page 3

 
LONDON GLOBAL ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 4

 
LONDON GLOBAL ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
12,018
4,318

Prepayments and accrued income
1,235
1,201

13,253
5,519



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,882
6,549

12,882
6,549


Page 5

 
LONDON GLOBAL ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
61
-

Corporation tax
3,400
-

Other taxation and social security
7,993
2,725

Other creditors
-
57,900

Accruals and deferred income
653
655

12,107
61,280



7.


Related party transactions

At the year end, the company was owed £12,018 (2023: £4,318) by a company under common control.

 
Page 6