Silverfin false false 30/06/2025 01/07/2024 30/06/2025 A Blum 21/11/2023 S D Drew 17/07/2025 G Engelbrecht 07/04/2022 H SK Tan 02/12/2022 J Leary 07/04/2022 N S Simmonds 11/07/2025 07/04/2022 J Suma 07/05/2024 A Wilkes 07/04/2022 15 May 2026 The principal activity of the Company during the financial year was that of managing the CLA Global network. 14032746 2025-06-30 14032746 bus:Director1 2025-06-30 14032746 bus:Director2 2025-06-30 14032746 bus:Director3 2025-06-30 14032746 bus:Director4 2025-06-30 14032746 bus:Director5 2025-06-30 14032746 bus:Director6 2025-06-30 14032746 bus:Director7 2025-06-30 14032746 bus:Director8 2025-06-30 14032746 2024-06-30 14032746 core:CurrentFinancialInstruments 2025-06-30 14032746 core:CurrentFinancialInstruments 2024-06-30 14032746 core:Non-currentFinancialInstruments 2025-06-30 14032746 core:Non-currentFinancialInstruments 2024-06-30 14032746 core:RetainedEarningsAccumulatedLosses 2025-06-30 14032746 core:RetainedEarningsAccumulatedLosses 2024-06-30 14032746 core:ComputerEquipment 2024-06-30 14032746 core:ComputerEquipment 2025-06-30 14032746 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2025-06-30 14032746 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-06-30 14032746 core:CurrentFinancialInstruments 1 2025-06-30 14032746 core:CurrentFinancialInstruments 1 2024-06-30 14032746 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:Non-currentFinancialInstruments 2025-06-30 14032746 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:Non-currentFinancialInstruments 2024-06-30 14032746 2024-07-01 2025-06-30 14032746 bus:FilletedAccounts 2024-07-01 2025-06-30 14032746 bus:SmallEntities 2024-07-01 2025-06-30 14032746 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 14032746 bus:CompanyLimitedByGuarantee 2024-07-01 2025-06-30 14032746 bus:Director1 2024-07-01 2025-06-30 14032746 bus:Director2 2024-07-01 2025-06-30 14032746 bus:Director3 2024-07-01 2025-06-30 14032746 bus:Director4 2024-07-01 2025-06-30 14032746 bus:Director5 2024-07-01 2025-06-30 14032746 bus:Director6 2024-07-01 2025-06-30 14032746 bus:Director7 2024-07-01 2025-06-30 14032746 bus:Director8 2024-07-01 2025-06-30 14032746 core:ComputerEquipment core:TopRangeValue 2024-07-01 2025-06-30 14032746 2023-07-01 2024-06-30 14032746 core:ComputerEquipment 2024-07-01 2025-06-30 14032746 core:Non-currentFinancialInstruments 2024-07-01 2025-06-30 iso4217:GBP xbrli:pure

Company No: 14032746 (England and Wales)

# CLA GLOBAL LIMITED

### (A company limited by guarantee)

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

CLA GLOBAL LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

CLA GLOBAL LIMITED

## BALANCE SHEET

As at 30 June 2025
CLA GLOBAL LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 6,362 |  | 3,616
|  | 6,362 |  | 3,616
Current assets |  |  |  |
Debtors | 4 | 309,304 |  | 191,024
Cash at bank and in hand |  | 94,188 |  | 519,515
|  | 403,492 |  | 710,539
Creditors: amounts falling due within one year | 5 | ( 957,691) |  | ( 1,239,351)
Net current liabilities |  | (554,199) |  | (528,812)
Total assets less current liabilities |  | (547,837) |  | (525,196)
Creditors: amounts falling due after more than one year | 6 | ( 366,365) |  | ( 358,047)
Net liabilities |  | ( 914,202) |  | ( 883,243)
Reserves |  |  |  |
Profit and loss account |  | ( 914,202 ) |  | ( 883,243 )
Total reserves |  | ( 914,202) |  | ( 883,243)

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of CLA Global Limited (registered number: 14032746) were approved and authorised for issue by the Board of Directors on 15 May 2026. They were signed on its behalf by:

G Engelbrecht Director |

CLA GLOBAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
CLA GLOBAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

CLA Global Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Floor 3 8 Bishopsgate, London, EC2N 4BQ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of CLA Global Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may significant cast doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
The Balance Sheet is showing net liabilities. The Directors have reviewed the current cash resources of the company and expected cash requirements over the next 12 months and are satisfied that with the support of member organisations that the company is a going concern.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

##### Turnover

Revenue comprises subscriptions from member firms and ticket revenue for conference event. 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. Member subscriptions are recognised rateably over the period.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash 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.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### 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. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 10 |  | 8

#### 3. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 5,785 |  | 5,785
Additions | 4,639 |  | 4,639
At 30 June 2025 | 10,424 |  | 10,424
Accumulated depreciation |  |  |
At 01 July 2024 | 2,169 |  | 2,169
Charge for the financial year | 1,893 |  | 1,893
At 30 June 2025 | 4,062 |  | 4,062
Net book value |  |  |
At 30 June 2025 | 6,362 |  | 6,362
At 30 June 2024 | 3,616 |  | 3,616

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 14,256 |  | 0
Amounts owed by connected companies | 2,354 |  | 0
Prepayments and accrued income | 242,402 |  | 98,805
VAT recoverable | 37,136 |  | 92,219
Other debtors | 13,156 |  | 0
| 309,304 |  | 191,024

Amounts owed by connected companies are interest free and repayable on demand.

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 137,100 |  | 116,032
Amounts owed to connected companies | 782,320 |  | 1,111,013
Accruals and deferred income | 23,083 |  | 6,339
Other creditors | 15,188 |  | 5,967
| 957,691 |  | 1,239,351

Amounts owed to connected companies of £471,000 (2024: £616,635) bear interest at 4.27% per annum which has been deemed to be as at market rate. Amounts owed to connected companies of £311,320 (2024: £494,378) are interest free and repayable on demand.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to connected companies | 366,365 |  | 358,047

Amounts owed to connected companies bear interest at 4.27% per annum which has been deemed to be as at market rate.

#### 7. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 43,209 |  | 0

#### 8. Related party transactions

During the year to 30 June 2025, the directors reviewed loans owed to the connected company CliftonLarsonAllen LLP. It was determined that a loan of £372,440 be transferred from CLA Global Brand Limited, from which future payments and liabilities will be due. At 30 June 2025, £471,000 (2024: £616,635) was due to connected companies within 12 months and £366,365 (2024: £358,047) is due after more than one year. The loan bears interest at 4.27% per annum which has been deemed to be as at market rate. Interest of £35,746 has been charged to the profit and loss for the year (2024: £18,058).
At 30 June 2025, £2,354 (2024: £494,378 owed to a connected company) was due by a connected company. This amount is interest free and repayable on demand.
At 30 June 2025, £102,232 (2024: £Nil) was due to a connected company. This amount is interest free and repayable on demand.
At 30 June 2025, £209,089 (2024: £Nil) was due to a connected company. This amount is interest free and repayable on demand.

#### 9. Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1.00 towards the assets of the company in the event of liquidation.