REGISTERED NUMBER: 10855811 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GL & M UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms K N Garzon

Mr J Wieck

REGISTERED OFFICE:

80 Coleman Street

London

EC2R 5BJ

REGISTERED NUMBER:

10855811 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

-

525

CURRENT ASSETS

Debtors

5

2,702,076

1,202,604

Cash at bank

658,642

930,966

3,360,718

2,133,570

CREDITORS

Amounts falling due within one year

6

3,321,409

1,985,378

NET CURRENT ASSETS

39,309

148,192

TOTAL ASSETS LESS CURRENT LIABILITIES

39,309

148,717

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

39,308

148,716

SHAREHOLDERS' FUNDS

39,309

148,717

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 directors acknowledge their 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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr J Wieck - Director

1.	STATUTORY INFORMATION

GL & M UK 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

7,508

DEPRECIATION

At 1 January 2024

6,983

Charge for year

525

At 31 December 2024

7,508

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

525

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

619,924

525,631

Amounts owed by group undertakings

2,015,906

586,992

Other debtors

19,222

302

Prepayments

47,024

89,679

2,702,076

1,202,604

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

15,560

3,307

Social security and other taxes

20,700

17,604

VAT

176,459

167,639

Other creditors

1,930,794

736,601

Accruals and deferred income

1,177,896

1,060,227

3,321,409

1,985,378

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary Shares

1

1

1

8.	RELATED PARTY DISCLOSURES

Included under debtors is an amount owed from Glass Lewis & Co LLC, the shareholder, of £2,105,906 (2023 : £586,992).

Glass Lewis & Co LLC provided management and administration services amounting to £1,199,571 (2023 : £720,389).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party was the company directors.