Consilium Global Advisors (UK) Ltd
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 09831212 (England and Wales)
CONSILIUM GLOBAL ADVISORS (UK) LTD
Consilium Global Advisors (UK) Ltd
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CONSILIUM GLOBAL ADVISORS (UK) LTD
Consilium Global Advisors (UK) Ltd
BALANCE SHEET
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
555
555
Current assets
Debtors
5
523,219
523,219
Cash at bank and in hand
12,260
7,258
535,479
530,477
Creditors: amounts falling due within one year
6
(444,954)
(463,640)
Net current assets
90,525
66,837
Total assets less current liabilities
91,080
67,392
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
90,980
67,292
Total equity
91,080
67,392

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 20 March 2025
O Newson
Director
Company Registration No. 09831212
CONSILIUM GLOBAL ADVISORS (UK) LTD
Consilium Global Advisors (UK) Ltd
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information

Consilium Global Advisors (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements, which are those of Consilium Global Advisors (UK) Ltd as an individual entity, have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

1.2
Going concern

The company principally provides services to other group entities and accordingly its financial position is closely linked to that of the group. The director has satisfied himself of the financial strength of the group and its intention to continue to support the company and accordingly these financial statements are prepared on a going concern basis.true

1.3
Turnover

Turnover represents the fair value of services provided during the period. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable and is based on services provided and expenses incurred, but excludes VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
3 years at 33.33%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

CONSILIUM GLOBAL ADVISORS (UK) LTD
Consilium Global Advisors (UK) Ltd
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
Page 3
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Debtors and creditors

Basic financial assets

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans and other debtors

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.

Creditors

Short term trade creditors and other current creditors payable on demand 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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CONSILIUM GLOBAL ADVISORS (UK) LTD
Consilium Global Advisors (UK) Ltd
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 March 2024
Page 4
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
697
Depreciation and impairment
At 1 April 2023 and 31 March 2024
697
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
555
555
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
523,100
523,100
Other debtors
119
119
523,219
523,219
CONSILIUM GLOBAL ADVISORS (UK) LTD
Consilium Global Advisors (UK) Ltd
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 March 2024
Page 5
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
414,148
444,957
Corporation tax
9,000
3,637
Other taxation and social security
2,517
2,644
Other creditors
8,749
8,402
Accruals and deferred income
10,540
4,000
444,954
463,640
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
ordinary shares of £1 each
100
100
100
100
8
Related party transactions

The company has taken advantage of the exemption from disclosing transactions with members within a wholly owned group.

 

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