Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetruetrueConstellation Software UK Holdco Ltd2023-01-01falseSoftware sales33truetrue 01623997 2023-01-01 2023-12-31 01623997 2022-01-01 2022-12-31 01623997 2023-12-31 01623997 2022-12-31 01623997 c:Director1 2023-01-01 2023-12-31 01623997 c:Director2 2023-01-01 2023-12-31 01623997 c:RegisteredOffice 2023-01-01 2023-12-31 01623997 d:CurrentFinancialInstruments 2023-12-31 01623997 d:CurrentFinancialInstruments 2022-12-31 01623997 d:Non-currentFinancialInstruments 2023-12-31 01623997 d:Non-currentFinancialInstruments 2022-12-31 01623997 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01623997 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01623997 d:ShareCapital 2023-12-31 01623997 d:ShareCapital 2022-12-31 01623997 d:RetainedEarningsAccumulatedLosses 2023-12-31 01623997 d:RetainedEarningsAccumulatedLosses 2022-12-31 01623997 c:FRS102 2023-01-01 2023-12-31 01623997 c:Audited 2023-01-01 2023-12-31 01623997 c:FullAccounts 2023-01-01 2023-12-31 01623997 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01623997 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01623997 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 01623997














FINGLOW LIMITED





INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
FINGLOW LIMITED
 

COMPANY INFORMATION


Directors
C Marks 
G Czegledy 




Registered number
01623997



Registered office
5th Floor, 10 Finsbury Square

London

EC2A 1AF




Independent auditor
Anderson Anderson & Brown Audit LLP

Kingshill View

Prime Four Business Park

Kingswells

Aberdeen

AB15 8PU





 
FINGLOW LIMITED
 

CONTENTS



Page
Directors' responsibilities statement
1
Balance sheet
2
Notes to the financial statements
3 - 6


 
FINGLOW LIMITED
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

 
FINGLOW LIMITED
REGISTERED NUMBER:01623997

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
-
250,004

Debtors: amounts falling due within one year
 4 
412,537
356,806

Cash at bank and in hand
 5 
197,087
26,263

  
609,624
633,073

Creditors: amounts falling due within one year
 6 
(263,592)
(297,039)

Net current assets
  
 
 
346,032
 
 
336,034

Total assets less current liabilities
  
346,032
336,034

  

Net assets
  
346,032
336,034


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
345,932
335,934

  
346,032
336,034


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 statement of comprehensive income 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: 




................................................
G Czegledy
Director

Date: 27 February 2025

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

Page 2

 
FINGLOW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Finglow Limited is a limited liability company incorporated in the United Kingdom. The company's registered office address is 5th Floor, 10 Finsbury Square, London, United Kingdom, EC2A 1AF.

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 considered the obligations of the company over the coming 12 months at the time of approval of these financial statements and are confident that with the current resources in place and forecasted trading position that the company can meet it's obligations as they fall due. 
The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to meet it's obligations. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FINGLOW LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue 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. Revenue 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;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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.


 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
FINGLOW LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
-
250,004

-
250,004


2023
2022
£
£

Due within one year

Trade debtors
41,133
52,235

Amounts owed by group undertakings
370,004
300,000

Other debtors
1,400
4,571

412,537
356,806



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
197,087
26,263

197,087
26,263


Page 5

 
FINGLOW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
30,765
109

Corporation tax
19,582
-

Other taxation and social security
13,702
82,761

Accruals and deferred income
199,543
214,169

263,592
297,039



7.


Related party transactions

The company has taken advantage of Section 1AC.35 of Financial Reporting Standard 102 which allows exemption from disclosure of related party transactions with other group companies.


8.


Controlling party

The company's immediate parent company is Constellation Software UK Holdco Ltd, which is registered in England and Wales. The company's registered office is Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, England, SN15 1JW. 
 
The utlimate parent company is Constellation Software Canada-UK Holdings Inc, which is incorporated in Canada. Copies of the published financial statements of Constellation Software Canada-UK Holdings Inc may be obtained from 20 Adelaide St E Suite, 1200 Toronto, ON, M5C 2T6, Canada.



9.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 4 March 2025 by Graeme Penman (Senior statutory auditor) on behalf of Anderson Anderson & Brown Audit LLP.

Page 6