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REGISTERED NUMBER: 10092461 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Cludo UK Ltd.

Cludo UK Ltd. (Registered number: 10092461)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Other Comprehensive Income 5

Balance Sheet 6

Statement of Changes in Equity 7

Notes to the Financial Statements 8


Cludo UK Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N E Ebbesen
N D Wassenberg





REGISTERED OFFICE: 27 Old Gloucester Street
London
WC1N 3AX





REGISTERED NUMBER: 10092461 (England and Wales)





ACCOUNTANTS: Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

Cludo UK Ltd. (Registered number: 10092461)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of developing flexible and intelligent site search solutions.

REVIEW OF BUSINESS
The results for the year and the financial position at the year end, were considered satisfactory by the director.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

N E Ebbesen
N D Wassenberg

RESULTS
The Company's profit for the year amounted to GBP 18,718.

POST BALANCE SHEET EVENTS
No post balance sheet events have occurred since 31 December 2024 which require reporting or disclosing in the accounts.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





N E Ebbesen - Director


18 March 2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cludo UK Ltd. (Registered number: 10092461)


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cludo UK Ltd. for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cludo UK Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cludo UK Ltd. and state those matters that we have agreed to state to the Board of Directors of Cludo UK Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cludo UK Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cludo UK Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cludo UK Ltd.. You consider that Cludo UK Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cludo UK Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ


18 March 2025

Cludo UK Ltd. (Registered number: 10092461)

Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

TURNOVER 483,675 453,279

Cost of sales 7,093 (979 )
GROSS PROFIT 476,582 454,258

Administrative expenses 461,910 440,416
OPERATING PROFIT 14,672 13,842

Interest receivable and similar income 4 10,285 9,193
PROFIT BEFORE TAXATION 24,957 23,035

Tax on profit 5 6,239 5,115
PROFIT FOR THE FINANCIAL YEAR 18,718 17,920

Cludo UK Ltd. (Registered number: 10092461)

Other Comprehensive Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 18,718 17,920


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

18,718

17,920

Cludo UK Ltd. (Registered number: 10092461)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 796,143 790,646
Cash at bank 23,272 2,648
819,415 793,294
CREDITORS
Amounts falling due within one year 7 723,325 715,922
NET CURRENT ASSETS 96,090 77,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,090

77,372

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 96,089 77,371
SHAREHOLDERS' FUNDS 96,090 77,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





N E Ebbesen - Director


Cludo UK Ltd. (Registered number: 10092461)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 1 59,451 59,452

Changes in equity
Total comprehensive income - 17,920 17,920
Balance at 31 December 2023 1 77,371 77,372

Changes in equity
Total comprehensive income - 18,718 18,718
Balance at 31 December 2024 1 96,089 96,090

Cludo UK Ltd. (Registered number: 10092461)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cludo UK Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 balance sheet date.

Debtors
Debtors are valued individually and provisions are made according to this valuation.

Creditors
Creditors are carried at payment or settlement amounts.Where the time value of money is material, creditors are carried at amortized cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTEREST RECEIVABLE AND SIMILAR INCOME
2024 2023
£    £   
Interest 10,285 9,193

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 6,239 5,115
Tax on profit 6,239 5,115

Cludo UK Ltd. (Registered number: 10092461)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,453 43,240
Amounts owed by group undertakings 771,690 747,406
796,143 790,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 6,239 5,115
VAT 10,919 10,018
Accruals and deferred income 706,167 700,789
723,325 715,922

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 January 2024 77,371
Profit for the year 18,718
At 31 December 2024 96,089

10. RELATED PARTY

The controlling party is Cludo ApS.