Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-31false2023-01-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09871398 2023-01-01 2023-12-31 09871398 2022-01-01 2022-12-31 09871398 2023-12-31 09871398 2022-12-31 09871398 c:Director1 2023-01-01 2023-12-31 09871398 d:MotorVehicles 2023-01-01 2023-12-31 09871398 d:MotorVehicles 2023-12-31 09871398 d:MotorVehicles 2022-12-31 09871398 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09871398 d:FurnitureFittings 2023-01-01 2023-12-31 09871398 d:FurnitureFittings 2023-12-31 09871398 d:FurnitureFittings 2022-12-31 09871398 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09871398 d:ComputerEquipment 2023-01-01 2023-12-31 09871398 d:ComputerEquipment 2023-12-31 09871398 d:ComputerEquipment 2022-12-31 09871398 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09871398 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09871398 d:CurrentFinancialInstruments 2023-12-31 09871398 d:CurrentFinancialInstruments 2022-12-31 09871398 d:Non-currentFinancialInstruments 2023-12-31 09871398 d:Non-currentFinancialInstruments 2022-12-31 09871398 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09871398 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09871398 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09871398 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09871398 d:ShareCapital 2023-12-31 09871398 d:ShareCapital 2022-12-31 09871398 d:RetainedEarningsAccumulatedLosses 2023-12-31 09871398 d:RetainedEarningsAccumulatedLosses 2022-12-31 09871398 c:FRS102 2023-01-01 2023-12-31 09871398 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09871398 c:FullAccounts 2023-01-01 2023-12-31 09871398 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09871398 2 2023-01-01 2023-12-31 09871398 6 2023-01-01 2023-12-31 09871398 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09871398









GLPG LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GLPG LIMITED
REGISTERED NUMBER: 09871398

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
94,598
113,438

Investments
 5 
10
10

  
94,608
113,448

Current assets
  

Debtors: amounts falling due within one year
 6 
82,954
16,219

Cash at bank and in hand
 7 
262,945
395,668

  
345,899
411,887

Creditors: amounts falling due within one year
 8 
(126,671)
(176,592)

Net current assets
  
 
 
219,228
 
 
235,295

Total assets less current liabilities
  
313,836
348,743

Creditors: amounts falling due after more than one year
 9 
(101,483)
(114,749)

Provisions for liabilities
  

Deferred tax
  
(23,650)
(28,360)

  
 
 
(23,650)
 
 
(28,360)

Net assets
  
188,703
205,634


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
188,603
205,534

  
188,703
205,634


Page 1

 
GLPG LIMITED
REGISTERED NUMBER: 09871398
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 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: 




M O Glazer
Director

Date: 18 December 2024

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

Page 2

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

1.


General information

GLPG Limited is a private company limited by shares and incorporated in England and Wales (registered number 09871398). The registered office address is 2 Leman Street, London, E1W 9US.
The financial statements are presented in sterling, which is the functional currency of the company.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
15%
Reducing balance
Fixtures and fittings
-
25%
Straight line
Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

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

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

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

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
116,380
18,581
10,428
145,389


Additions
-
917
-
917



At 31 December 2023

116,380
19,498
10,428
146,306



Depreciation


At 1 January 2023
13,093
12,026
6,832
31,951


Charge for the year on owned assets
15,493
3,087
1,177
19,757



At 31 December 2023

28,586
15,113
8,009
51,708



Net book value



At 31 December 2023
87,794
4,385
2,419
94,598


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
10



At 31 December 2023
10




Page 5

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

6.


Debtors

2023
2022
£
£


Other debtors
82,954
16,219

82,954
16,219



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
262,945
395,668

262,945
395,668



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,522
9,755

Corporation tax
12,440
81,128

Other taxation and social security
66,157
61,463

Obligations under finance lease and hire purchase contracts
10,920
10,920

Other creditors
20,659
4,196

Accruals and deferred income
9,973
9,130

126,671
176,592



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
28,914
31,259

Net obligations under finance leases and hire purchase contracts
72,569
83,490

101,483
114,749


 
Page 6