REGISTERED NUMBER: 14833322 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALONGSIDE GLOBAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G J Taylor

REGISTERED OFFICE:

Unit 1, 123 Curtain Road

London

EC2A 3BX

REGISTERED NUMBER:

14833322 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co LLP

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Tangible assets

4

16,354

-

CURRENT ASSETS

Debtors

5

248,588

67,209

Cash at bank

25,345

2,661

273,933

69,870

CREDITORS

Amounts falling due within one year

6

41,532

151,305

NET CURRENT ASSETS/(LIABILITIES)

232,401

(81,435

)

TOTAL ASSETS LESS CURRENT LIABILITIES

248,755

(81,435

)

CREDITORS

Amounts falling due after more than one year

7

660,697

-

NET LIABILITIES

(411,942

)

(81,435

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(411,943

)

(81,436

)

(411,942

)

(81,435

)

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 director acknowledges his 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 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.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

G J Taylor - Director

1.	STATUTORY INFORMATION

Alongside Global Limited 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.

Tangible fixed assets

Depreciation is not charged in the year of acquisition for tangible fixed assets.

Government grants

Government Grants in relation to expenditure are credited when the expenditure is charged to the profit and loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover

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

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. At the balance sheet date, the company had net liabilities of £411,942 and is reliant on the continuing support of the parent company.

The director has reviewed the company's cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements, which demonstrate that the company is able to meet its liabilities as they fall due.

Based on this assessment, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

£

£

COST

Additions

13,821

2,533

16,354

At 31 December 2024

13,821

2,533

16,354

NET BOOK VALUE

At 31 December 2024

13,821

2,533

16,354

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

VAT

5,895

10,804

Prepayments

7,398

-

13,293

10,804

Amounts falling due after more than one year:

Amounts owed by related parties

235,295

56,405

Aggregate amounts

248,588

67,209

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

23,325

13,174

Social security and other taxes

5,797

4,666

Amounts owed to related

parties

-

130,465

Accrued expenses

12,410

3,000

41,532

151,305

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to related

parties

460,039

-

Amounts owed to director's

200,658

-

660,697

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

81,985

-

Between one and five years

273,283

-

355,268

-

9.	RELATED PARTY DISCLOSURES

Included within administrative expenses is an amount of £44,510 which relates to costs reimbursed from the parent company.

Included within administrative expenses is an amount of £54,657 which relates to rent paid to G Taylor, a director of the company.

Included within amounts owed by group undertakings are amounts totalling £235,295 which relates to a loan due from the parent company.

Included within amounts owed to group undertakings are amounts totalling £460,039 which relates to a loan due to the parent company.

The loans with the group undertakings are unsecured, interest bearing at commercial rates on the net balance and are repayable on demand. During the year, interest of £30,806 was charged to the profit and loss account.

Included within other creditors is an amount totalling £200,657 which relates to a loan due to the director. The loan is unsecured, interest bearing at commercial rates and repayable on demand. During the year, interest of £3,275 was charged to the profit and loss account.

10.	ULTIMATE CONTROLLING PARTY

The Director considers the ultimate parent undertaking, which draws up consolidated accounts, to be

Alongside Global Inc, a company incorporated in the United States of America.

The ultimate controlling party is considered to be G Taylor by virtue of his shareholding in Alongside

Global Inc.