Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseNo description of principal activity76falsefalse 14792035 2024-01-01 2024-12-31 14792035 2023-04-11 2023-12-31 14792035 2024-12-31 14792035 2023-12-31 14792035 2023-04-11 14792035 c:Director1 2024-01-01 2024-12-31 14792035 d:CurrentFinancialInstruments 2024-12-31 14792035 d:CurrentFinancialInstruments 2023-12-31 14792035 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14792035 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14792035 d:ShareCapital 2024-01-01 2024-12-31 14792035 d:ShareCapital 2024-12-31 14792035 d:ShareCapital 2023-04-11 2023-12-31 14792035 d:ShareCapital 2023-12-31 14792035 d:ShareCapital 2023-04-11 14792035 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 14792035 d:RetainedEarningsAccumulatedLosses 2024-12-31 14792035 d:RetainedEarningsAccumulatedLosses 2023-04-11 2023-12-31 14792035 d:RetainedEarningsAccumulatedLosses 2023-12-31 14792035 d:RetainedEarningsAccumulatedLosses 2023-04-11 14792035 c:OrdinaryShareClass1 2024-01-01 2024-12-31 14792035 c:OrdinaryShareClass1 2024-12-31 14792035 c:OrdinaryShareClass1 2023-12-31 14792035 c:FRS102 2024-01-01 2024-12-31 14792035 c:Audited 2024-01-01 2024-12-31 14792035 c:FullAccounts 2024-01-01 2024-12-31 14792035 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14792035 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14792035 2 2024-01-01 2024-12-31 14792035 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14792035









26 DEGREES GLOBAL MARKETS (UK) LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD
UNDER SECTION 449 OF THE COMPANIES ACT 2006
 

Opinion


We have audited the financial statements of 26 Degrees Global Markets (UK) Ltd (the 'Company') for the year ended 31 December 2024, which comprise  the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the Director with respect to going concern are described in the relevant sections of this report.


Page 1

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD (CONTINUED)
UNDER SECTION 449 OF THE COMPANIES ACT 2006


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The Director is responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Director's report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or


Responsibilities of directors
 

As explained more fully in the Director's responsibilities statement set out on page 1, the Director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the Director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 2

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD (CONTINUED)
UNDER SECTION 449 OF THE COMPANIES ACT 2006


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Page 3

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD (CONTINUED)
UNDER SECTION 449 OF THE COMPANIES ACT 2006


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





D J Gallagher (Senior statutory auditor)
  
for and on behalf of
Calders (1883) LLP
 
Chartered Accountants & Statutory Auditors
  
30 Orange Street
London
WC2H 7HF

27 June 2025
Page 4

 
26 DEGREES GLOBAL MARKETS (UK) LTD
REGISTERED NUMBER: 14792035

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
82,111
89,157

Cash at bank and in hand
 5 
60,865
30,204

  
142,976
119,361

Creditors: amounts falling due within one year
 6 
(47,918)
(55,173)

Net current assets
  
 
 
95,058
 
 
64,188

Total assets less current liabilities
  
95,058
64,188

  

Net assets
  
95,058
64,188


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
45,058
14,188

  
95,058
64,188


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

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 comprehensive income 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 27 June 2025.




Gavin Charles White
Director

The notes on pages 8 to 11 form part of these financial statements.
Page 5

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2024
50,000
14,188
64,188


Comprehensive income for the year

Profit for the year

-
30,870
30,870


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
30,870
30,870


Total transactions with owners
-
-
-


At 31 December 2024
50,000
45,058
95,058


The notes on pages 8 to 11 form part of these financial statements.

Page 6

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
50,000
-
50,000


Comprehensive income for the period

Profit for the period

-
14,188
14,188


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
14,188
14,188


Total transactions with owners
-
-
-


At 31 December 2023
50,000
14,188
64,188


The notes on pages 8 to 11 form part of these financial statements.

Page 7

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

26 Degrees Global Markets (UK) Ltd Limited is a private company limited by shares, incorporated in England and Wales, registration number 14792035. The registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 8

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 9

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

2024
2023
£
£

Wages and salaries
542,482
247,983

Social security costs
75,340
22,715

Cost of defined contribution scheme
71,258
23,506

689,080
294,204


During the year, employee termination costs of £53,800 were incurred in relation to restructuring activities.

The average monthly number of employees, including the Director, during the year was as follows:


        2024
        2023
            No.
            No.







Director
1
1



Employees
6
5

7
6


4.


Debtors

2024
2023
£
£


Trade debtors
66,225
70,706

Other debtors
11,023
13,763

Prepayments and accrued income
4,863
4,688

82,111
89,157



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
60,865
30,204

60,865
30,204


Page 10

 
26 DEGREES GLOBAL MARKETS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
318
6,238

Corporation tax
10,284
4,729

Other creditors
37,316
44,206

47,918
55,173



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) £1.00 Ordinary Shares shares of £1.00 each
50,000
50,000



8.


Controlling party

The immediate and ultimate parent company as at 31 December 2024 was 26 Degrees Global Markets Pty Limited.
Page 11