Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-312025-05-15The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falsetrueHolding companyfalse00false 14159141 2023-11-01 2024-10-31 14159141 2022-06-08 2023-10-31 14159141 2024-10-31 14159141 2023-10-31 14159141 c:Director1 2023-11-01 2024-10-31 14159141 d:CurrentFinancialInstruments 2024-10-31 14159141 d:CurrentFinancialInstruments 2023-10-31 14159141 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 14159141 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14159141 d:ShareCapital 2024-10-31 14159141 d:ShareCapital 2023-10-31 14159141 d:RetainedEarningsAccumulatedLosses 2024-10-31 14159141 d:RetainedEarningsAccumulatedLosses 2023-10-31 14159141 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-10-31 14159141 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 14159141 c:FRS102 2023-11-01 2024-10-31 14159141 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14159141 c:FullAccounts 2023-11-01 2024-10-31 14159141 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14159141 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 14159141









GLC CLOUD LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
GLC CLOUD LTD
REGISTERED NUMBER: 14159141

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
328,089
318,638

Cash at bank and in hand
 5 
400,000
200,000

  
728,089
518,638

Creditors: amounts falling due within one year
 6 
(258,037)
(266,238)

Net current assets
  
 
 
470,052
 
 
252,400

Total assets less current liabilities
  
470,052
252,400

  

Net assets
  
470,052
252,400


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
469,852
252,200

  
470,052
252,400


Page 1

 
GLC CLOUD LTD
REGISTERED NUMBER: 14159141
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 May 2025.




................................................
Nicholas Deas
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GLC CLOUD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

GLC Cloud Ltd is a private company, incorporated in England and Wales, limited by its share capital. The principal activity throughout the year was that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Debtors

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

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors 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.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 3

 
GLC CLOUD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
328,089
318,638

328,089
318,638



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
400,000
200,000

400,000
200,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
258,037
266,238

258,037
266,238



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
400,000
200,000




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Related party transactions

During the period the Company received net transactions of £309,451 from Green Light Contracts Limited, a company in which the directors Nicholas and Rachael Deas are both directors.  This amount is outstanding at the year end.

Page 4

 
GLC CLOUD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Controlling party

The Company is controlled by the directors Nicholas and Rachael Deas, by virtue of their shareholding, as described in the Directors' report.
 
Page 5