Company Registration No. 11592764 (England and Wales)
Cloudpipes Group Ltd
Unaudited accounts
for the year ended 30 September 2024
Cloudpipes Group Ltd
Unaudited accounts
Contents
Cloudpipes Group Ltd
Company Information
for the year ended 30 September 2024
Directors
Rod Aliabadi
Shannon Bracken
Mike Donovan
Kim Eaton
Edward Vincent Jennings
Company Number
11592764 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Cloudpipes Group Ltd
Statement of financial position
as at 30 September 2024
Debtors
3,986,119
3,622,366
Net current assets
3,986,119
3,622,366
Total assets less current liabilities
3,986,119
3,622,366
Creditors: amounts falling due after more than one year
(4,322,644)
(3,480,302)
Net (liabilities)/assets
(336,525)
142,064
Called up share capital
10
10
Share premium
388,246
388,246
Profit and loss account
(724,781)
(246,192)
Shareholders' funds
(336,525)
142,064
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
Edward Vincent Jennings
Director
Company Registration No. 11592764
Cloudpipes Group Ltd
Notes to the Accounts
for the year ended 30 September 2024
Cloudpipes Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11592764. The registered office is 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis, assuming that the Company will continue its operations for the foreseeable future.
The loan from the parent company (Quickbase) won't be called back for immediate repayment, supporting ongoing operations. Repayment of intercompany loans isn't expected before 2029. Cloudpipes Group would not pay back the loans until Cloudpipes LTD & EOOD paid CP Group first. Management will monitor finances and make necessary adjustments or disclosures.
Amounts falling due after more than one year
5
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
4,322,644
3,480,302
6
Transactions with related parties
A balance of £3,986,119 (2023: £ 3,604,299 ) is owed by Cloudpipes Ltd which shares directors.
A balance of £4,322,644 (2023: £3,480,302) is due to Quickbase UK Ltd which shares directors.
The controlling party of Cloudpipes Group Ltd is Quickbase UK Ltd
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).