Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activitytrue2024-01-01false72falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09871398 2024-01-01 2024-12-31 09871398 2023-01-01 2023-12-31 09871398 2024-12-31 09871398 2023-12-31 09871398 c:Director1 2024-01-01 2024-12-31 09871398 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 09871398 d:Buildings d:LongLeaseholdAssets 2024-12-31 09871398 d:Buildings d:LongLeaseholdAssets 2023-12-31 09871398 d:MotorVehicles 2024-01-01 2024-12-31 09871398 d:MotorVehicles 2024-12-31 09871398 d:MotorVehicles 2023-12-31 09871398 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09871398 d:FurnitureFittings 2024-01-01 2024-12-31 09871398 d:FurnitureFittings 2024-12-31 09871398 d:FurnitureFittings 2023-12-31 09871398 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09871398 d:ComputerEquipment 2024-01-01 2024-12-31 09871398 d:ComputerEquipment 2024-12-31 09871398 d:ComputerEquipment 2023-12-31 09871398 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09871398 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09871398 d:CurrentFinancialInstruments 2024-12-31 09871398 d:CurrentFinancialInstruments 2023-12-31 09871398 d:Non-currentFinancialInstruments 2024-12-31 09871398 d:Non-currentFinancialInstruments 2023-12-31 09871398 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09871398 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09871398 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09871398 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09871398 d:ShareCapital 2024-12-31 09871398 d:ShareCapital 2023-12-31 09871398 d:RetainedEarningsAccumulatedLosses 2024-12-31 09871398 d:RetainedEarningsAccumulatedLosses 2023-12-31 09871398 c:FRS102 2024-01-01 2024-12-31 09871398 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09871398 c:FullAccounts 2024-01-01 2024-12-31 09871398 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09871398 6 2024-01-01 2024-12-31 09871398 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09871398









GLPG LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
GLPG LIMITED
REGISTERED NUMBER: 09871398

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
266,416
94,598

Investments
 5 
10
10

  
266,426
94,608

Current assets
  

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

Cash at bank and in hand
 7 
700,580
262,945

  
716,799
345,899

Creditors: amounts falling due within one year
 8 
(300,114)
(126,671)

Net current assets
  
 
 
416,685
 
 
219,228

Total assets less current liabilities
  
683,111
313,836

Creditors: amounts falling due after more than one year
 9 
(207,889)
(101,483)

Provisions for liabilities
  

Deferred tax
  
(24,688)
(23,650)

  
 
 
(24,688)
 
 
(23,650)

Net assets
  
450,534
188,703


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
450,434
188,603

  
450,534
188,703


Page 1

 
GLPG LIMITED
REGISTERED NUMBER: 09871398
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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: 19 March 2025

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 2024

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 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
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

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:

Long-term leasehold property
-
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.

 
2.3

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.

Page 3

 
GLPG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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 7 (2023 - 2).

Page 4

 
GLPG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
-
116,380
19,498
10,428
146,306


Additions
10,617
165,000
9,630
4,223
189,470



At 31 December 2024

10,617
281,380
29,128
14,651
335,776



Depreciation


At 1 January 2024
-
28,586
15,113
8,009
51,708


Charge for the year on owned assets
349
13,169
2,662
1,472
17,652



At 31 December 2024

349
41,755
17,775
9,481
69,360



Net book value



At 31 December 2024
10,268
239,625
11,353
5,170
266,416


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
10



At 31 December 2024
10




Page 5

 
GLPG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Other debtors
16,219
82,954

16,219
82,954



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
700,580
262,945

700,580
262,945



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,383
6,522

Corporation tax
105,224
12,440

Other taxation and social security
147,034
66,157

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

Other creditors
22,238
20,659

Accruals and deferred income
8,315
9,973

300,114
126,671



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
23,476
28,914

Net obligations under finance leases and hire purchase contracts
184,413
72,569

207,889
101,483


 
Page 6