Company registration number 08343310 (England and Wales)
GLOBAL EDGE CONSULTANTS UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GLOBAL EDGE CONSULTANTS UK LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
GLOBAL EDGE CONSULTANTS UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
2,245,890
2,229,789
Cash at bank and in hand
34,196
234,499
2,280,086
2,464,288
Creditors: amounts falling due within one year
4
(3,206,860)
(3,497,311)
Net current liabilities
(926,774)
(1,033,023)
Capital and reserves
Called up share capital
606,322
606,322
Profit and loss reserves
(1,533,096)
(1,639,345)
Total equity
(926,774)
(1,033,023)

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 May 2026 and are signed on its behalf by:
Ms K Eberwein
Director
Company registration number 08343310 (England and Wales)
GLOBAL EDGE CONSULTANTS UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2023
606,322
(1,121,722)
(515,400)
Year ended 31 December 2023:
Loss and total comprehensive income
-
(517,623)
(517,623)
Balance at 31 December 2023
606,322
(1,639,345)
(1,033,023)
Year ended 31 December 2024:
Profit and total comprehensive income
-
106,249
106,249
Balance at 31 December 2024
606,322
(1,533,096)
(926,774)
GLOBAL EDGE CONSULTANTS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Global Edge Consultants UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Leman Street, London, United Kingdom, E1W 9US.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the reporting date the company had net liabilities of £926,774 (2023: £1,033,023) and profits for the period of £106,249 (2023: losses of £517,623). The ultimate parent company has given assurances that it will support the company for at least twelve months from the date of signing the audit report.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly rates, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

Other operating income includes management and staff cost recharges mainly recharged to other group companies.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GLOBAL EDGE CONSULTANTS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

GLOBAL EDGE CONSULTANTS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons employed by the company during the year was:

2024
2023
Number
Number
Total
7
8
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
809,605
1,017,214
Amounts owed by group undertakings
142,244
284,477
Other debtors
1,294,041
928,098
2,245,890
2,229,789
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
77,860
53,333
Amounts owed to group undertakings
2,738,587
2,647,181
Taxation and social security
36,806
46,447
Other creditors
353,607
750,350
3,206,860
3,497,311
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

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.

Senior Statutory Auditor:
Luke Metson
Statutory Auditor:
Gravita Audit II Limited
Date of audit report:
11 May 2026
GLOBAL EDGE CONSULTANTS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Prior year adjustment

During the year, the directors identified an error relating to the prior year amounting to £102,508.

It was identified that management recharges were included as reimbursed expenses under turnover instead of other operating income.

The comparative profit and loss have therefore been restated to present management recharges as other operating income and decrease turnover.

This reclassification does not affect the loss for the prior year or retained earnings.

7
Related party transactions

The company has received two interest-free loans from related parties, a fellow subsidiary called Global Edge Consultants LLC, and the parent company of Global Edge Group LLC. These loans are not on normal commercial terms as no interest is charged. The loans are unsecured, repayable on demand, and had outstanding balances of £29,039 and £2,867,538 at the year end.

8
Parent company

The parent company is Global Edge Group LLC and its registered address is 1330 Lake Robbins Drive, Suite 250, The Woodlands, TX 77380, USA.

The smallest and largest group in which the results of the c ompany are consolidated is that headed by Global Egde Group LLC, which is registered in the USA. The financial statements of the parent company are not publicly available.

2024-12-31 2024-01-01 false false false 11 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Ms J Hetrick Ms K Eberwein 08343310 2024-01-01 2024-12-31 08343310 2024-12-31 08343310 2023-12-31 08343310 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08343310 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08343310 core:WithinOneYear 2024-12-31 08343310 core:WithinOneYear 2023-12-31 08343310 core:CurrentFinancialInstruments 2024-12-31 08343310 core:CurrentFinancialInstruments 2023-12-31 08343310 core:ShareCapital 2024-12-31 08343310 core:ShareCapital 2023-12-31 08343310 core:RetainedEarningsAccumulatedLosses 2024-12-31 08343310 core:RetainedEarningsAccumulatedLosses 2023-12-31 08343310 core:ShareCapital 2022-12-31 08343310 core:RetainedEarningsAccumulatedLosses 2022-12-31 08343310 bus:Director2 2024-01-01 2024-12-31 08343310 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08343310 2023-01-01 2023-12-31 08343310 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08343310 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08343310 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08343310 bus:FRS102 2024-01-01 2024-12-31 08343310 bus:Audited 2024-01-01 2024-12-31 08343310 bus:Director1 2024-01-01 2024-12-31 08343310 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP