1 January 2024 v2025.61.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP132981762024-01-012024-12-31132981762024-12-31132981762023-12-3113298176core:WithinOneYear2024-12-3113298176core:WithinOneYear2023-12-3113298176core:ShareCapital2024-12-3113298176core:ShareCapital2023-12-3113298176core:RetainedEarningsAccumulatedLosses2024-12-3113298176core:RetainedEarningsAccumulatedLosses2023-12-3113298176bus:Director12024-01-012024-12-3113298176bus:RegisteredOffice2024-01-012024-12-3113298176core:OfficeEquipment2024-01-012024-12-31132981762023-01-012023-12-3113298176core:PlantMachinery2024-01-0113298176core:PlantMachinery2024-01-012024-12-3113298176core:PlantMachinery2024-12-3113298176core:PlantMachinery2023-12-311329817612024-01-012024-12-3113298176countries:EnglandWales2024-01-012024-12-3113298176bus:AuditExemptWithAccountantsReport2024-01-012024-12-3113298176bus:PrivateLimitedCompanyLtd2024-01-012024-12-3113298176bus:SmallEntities2024-01-012024-12-3113298176bus:FullAccounts2024-01-012024-12-31
Company registration number:
13298176
PATH GLOBAL UK LIMITED
Unaudited Filleted Financial Statements for the year ended
31 December 2024
PATH GLOBAL UK LIMITED
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
9,906
 
19,264
 
Current assets    
Debtors 6
828
 
4,267
 
Cash at bank and in hand
181
 
2,202
 
1,009
 
6,469
 
Creditors: amounts falling due within one year 7
(32,898
 )
(9,785
 )
Net current liabilities
(31,889
 )
(3,316
 )
Total assets less current liabilities (21,983 ) 15,948  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(22,083
 )
15,848
 
Shareholders (deficit)/funds
(21,983
 )
15,948
 
For the 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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
19 September 2025
, and are signed on behalf of the board by:
Mr Marshal Webb
Director
Company registration number:
13298176
PATH GLOBAL UK LIMITED
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
71/75 Shelton Street
,
Covent Garden
,
London
,
WC2H 9JQ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Revenue mainly represents reimbursement of costs from Parent company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
15% and 33% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
5.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2024
30,431
 
Additions
370
 
At
31 December 2024
30,801
 
Depreciation  
At
1 January 2024
11,167
 
Charge
9,728
 
At
31 December 2024
20,895
 
Carrying amount  
At
31 December 2024
9,906
 
At 31 December 2023
19,264
 

6 Debtors

20242023
££
Other debtors
828
 
4,267
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
28,533
 
7,785
 
Other creditors
4,365
 
2,000
 
32,898
 
9,785