REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2024 |
for |
Consilium U.K. Limited |
REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2024 |
for |
Consilium U.K. Limited |
Consilium U.K. Limited (Registered number: SC188830) |
Contents of the Financial Statements |
For The Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Consilium U.K. Limited |
Company Information |
For The Year Ended 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INDEPENDENT AUDITORS: |
Chartered Accountants & Statutory Auditors |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Consilium U.K. Limited (Registered number: SC188830) |
Abridged Statement of Financial Position |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Share premium |
Capital redemption reserve |
Retained earnings |
The financial statements were approved by the Board of Directors and authorised for issue on |
Consilium U.K. Limited (Registered number: SC188830) |
Notes to the Financial Statements |
For The Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Consilium U.K. Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At close of business on 30 September 2023 the company transferred the trade of the business to Kick ICT Group Limited, the parent company. On 1 October 2023 the employees of Consilium U.K. Limited also transferred to the payroll of Kick ICT Group Limited. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover comprises the value of goods and services supplied by the company, exclusive of Value Added Tax and trade discounts. Revenue is not recognised until the amount of revenue can be measured reliably and it is probable the the company will receive the consideration due. Turnover includes maintenance contract income that is recognised over the period of a contract on a straight line basis. Revenue from the sale of goods and licenses is recognised once the company has transferred the significant risk and rewards of ownership to the buyer. |
Tangible fixed assets |
Computer Equipment | - |
Furniture & fittings | - |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Consilium U.K. Limited (Registered number: SC188830) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2023 |
Reclassification/transfer | ( |
) |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
Reclassification/transfer | ( |
) |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
5. | SECURED DEBTS |
The floating and fixed charge held by HSBC Bank PLC was satisfied during the year. At year end, there are no charges held against the company which relate to debts on the companies balance sheet. |
Consilium U.K. Limited (Registered number: SC188830) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2024 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issues and fully paid: |
Number |
Class |
Nominal value |
Opening capital |
Reclassification |
Closing capital |
150 | Ordinary | £1 | 150 | 48 | 198 |
3 | D Ordinary | £1 | 3 | (3) | - |
2 | F Ordinary | £1 | 2 | (2) | - |
18 | G Ordinary | £1 | 18 | (18) | - |
25 | H Ordinary | £1 | 25 | (25) | - |
198 | 198 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | CONTINGENT LIABILITIES |
At September 2024, a cross guarantee exists between the company, Consilium UK Limited, and GLAS Trust Corporation Limited. The contingent liability at 30 September 2024 is £15,750,000. |
At September 2024, a cross guarantee exists between the company, Consilium UK Limited, and LDC (Managers) Limited. The contingent liability at September 2024 is £26,924,217. |
9. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
10. | ULTIMATE CONTROLLING PARTY |
The company was under the control of T O'Hara C.A, D M Chazan, A Turnbull and LDC (Nominees) Limited throughout the year ended 30 September 2024 by virtue of their shareholdings in Solais Topco Limited which in turn controls |