Silverfin false false 31/12/2024 01/01/2024 31/12/2024 O E Gadsby 14/06/2024 01/03/2013 B H Glover 05/02/2025 04/11/2022 M Lippenholz 08/04/2021 J E Lyons 05/03/2013 27 March 2025 The principal activity of the company is to provide sales and marketing services to the parent company. 08426003 2024-12-31 08426003 bus:Director1 2024-12-31 08426003 bus:Director2 2024-12-31 08426003 bus:Director3 2024-12-31 08426003 bus:Director4 2024-12-31 08426003 core:CurrentFinancialInstruments 2024-12-31 08426003 core:CurrentFinancialInstruments 2023-12-31 08426003 2023-12-31 08426003 core:ShareCapital 2024-12-31 08426003 core:ShareCapital 2023-12-31 08426003 core:RetainedEarningsAccumulatedLosses 2024-12-31 08426003 core:RetainedEarningsAccumulatedLosses 2023-12-31 08426003 core:OtherPropertyPlantEquipment 2023-12-31 08426003 core:OtherPropertyPlantEquipment 2024-12-31 08426003 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 08426003 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 08426003 bus:OrdinaryShareClass1 2024-12-31 08426003 bus:OrdinaryShareClass2 2024-12-31 08426003 2024-01-01 2024-12-31 08426003 bus:FilletedAccounts 2024-01-01 2024-12-31 08426003 bus:SmallEntities 2024-01-01 2024-12-31 08426003 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08426003 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08426003 bus:Director1 2024-01-01 2024-12-31 08426003 bus:Director2 2024-01-01 2024-12-31 08426003 bus:Director3 2024-01-01 2024-12-31 08426003 bus:Director4 2024-01-01 2024-12-31 08426003 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-01-01 2024-12-31 08426003 2023-01-01 2023-12-31 08426003 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 08426003 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08426003 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 08426003 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 08426003 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08426003 (England and Wales)

GLOBE PEQUOT PUBLISHING INTERNATIONAL LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

GLOBE PEQUOT PUBLISHING INTERNATIONAL LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

GLOBE PEQUOT PUBLISHING INTERNATIONAL LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
GLOBE PEQUOT PUBLISHING INTERNATIONAL LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 4 14,071 16,244
Cash at bank and in hand 129,334 104,531
143,405 120,775
Creditors: amounts falling due within one year 5 ( 785,630) ( 791,144)
Net current liabilities (642,225) (670,369)
Total assets less current liabilities (642,225) (670,369)
Net liabilities ( 642,225) ( 670,369)
Capital and reserves
Called-up share capital 6 2,000 2,000
Profit and loss account ( 644,225 ) ( 672,369 )
Total shareholders' deficit ( 642,225) ( 670,369)

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Globe Pequot Publishing International Ltd (registered number: 08426003) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M Lippenholz
Director

27 March 2025

GLOBE PEQUOT PUBLISHING INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
GLOBE PEQUOT PUBLISHING INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Globe Pequot Publishing International Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 86-90 Paul Street, London, EC2A 4NE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line
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 creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 8 7

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 24,491 24,491
At 31 December 2024 24,491 24,491
Accumulated depreciation
At 01 January 2024 24,491 24,491
At 31 December 2024 24,491 24,491
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Debtors

2024 2023
£ £
Other debtors 14,071 16,244

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to parent undertakings 781,795 787,538
Other creditors 3,835 3,606
785,630 791,144

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary A shares of £ 1.00 each 1,000 1,000
1,000 Ordinary B shares of £ 1.00 each 1,000 1,000
2,000 2,000

7. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 622 966

8. Ultimate controlling party

There is no ultimate controlling party.