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REGISTERED NUMBER: 13121424 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THEBES CLOUD MANAGEMENT LIMITED

THEBES CLOUD MANAGEMENT LIMITED (REGISTERED NUMBER: 13121424)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THEBES CLOUD MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: J D Back
M Hall





REGISTERED OFFICE: 10 London Mews
London
United Kingdom
W2 1HY





REGISTERED NUMBER: 13121424 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

THEBES CLOUD MANAGEMENT LIMITED (REGISTERED NUMBER: 13121424)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 764 2,291

CURRENT ASSETS
Debtors 5 183,428 189,680

CREDITORS
Amounts falling due within one year 6 188,123 488,549
NET CURRENT LIABILITIES (4,695 ) (298,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,931

)

(296,578

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (4,931 ) (297,578 )
SHAREHOLDERS' FUNDS (3,931 ) (296,578 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 profit or loss 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 31 January 2025 and were signed on its behalf by:





M Hall - Director


THEBES CLOUD MANAGEMENT LIMITED (REGISTERED NUMBER: 13121424)

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

1. STATUTORY INFORMATION

Thebes Cloud Management 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
At the balance sheet date the company has a net deficit and is reliant on the continued support of its shareholders. The director considers the going concern basis to be appropriate and therefore the financial statements do not include any adjustments that might result from the withdrawal of support from its creditors

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments/receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised costs using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

THEBES CLOUD MANAGEMENT LIMITED (REGISTERED NUMBER: 13121424)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 4,581
DEPRECIATION
At 1 February 2023 2,290
Charge for year 1,527
At 31 January 2024 3,817
NET BOOK VALUE
At 31 January 2024 764
At 31 January 2023 2,291

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 6,127
Other debtors 183,428 183,553
183,428 189,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors - 3,649
Amounts owed to group undertakings 131,123 481,300
Other creditors 57,000 3,600
188,123 488,549

7. RELATED PARTY DISCLOSURES

During the year the company received loans of £386,757 (2023 - £395,044) and repaid £303,382 (2023- £69,326) to the parent company. The parent company also wrote off £433,553 of inter company balance with the company. As at the balance sheet date the company owes the parent company £131,122 (2023 - £481,300). This is included in other creditors.

Loans are interest free and repayable on demand.

During the year the company charged fees of £Nil (2023 - £200,449) to the parent company. As at the balance sheet date, the balance due to the company is £ Nil (2023 - £6,127) and this was included in Trade debtors.

The company also paid recharged expenses of £201,235 (2023 - £419,869) to the parent company. As at the balance sheet date the company owes the parent company £Nil (2023: £47) and this is included in other creditors.

THEBES CLOUD MANAGEMENT LIMITED (REGISTERED NUMBER: 13121424)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is Thebes IT Solutions Limited.

The ultimate controlling party is M Hall.