GL & M UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10855811 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

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

2,061

-

CURRENT ASSETS

Debtors

5

4,291,828

2,702,076

Cash at bank

223,470

658,642

4,515,298

3,360,718

CREDITORS

Amounts falling due within one year

6

4,773,554

3,321,409

NET CURRENT (LIABILITIES)/ASSETS

(258,256

)

39,309

TOTAL ASSETS LESS CURRENT
LIABILITIES

(256,195

)

39,309

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

(256,196

)

39,308

SHAREHOLDERS' FUNDS

(256,195

)

39,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 23 September 2026 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.

Computer equipment - 33.33% on SLM

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.

Going concern disclosure

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

7,508

Additions

2,650

At 31 December 2025

10,158

DEPRECIATION

At 1 January 2025

7,508

Charge for year

589

At 31 December 2025

8,097

NET BOOK VALUE

At 31 December 2025

2,061

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

947,606

619,924

Amounts owed by group undertakings

3,296,728

2,015,906

Other debtors

2,083

19,222

Prepayments

45,411

47,024

4,291,828

2,702,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

11,112

15,560

Social security and other taxes

29,943

20,700

VAT

167,489

176,459

Other creditors

3,322,498

1,930,794

Accruals and deferred income

1,242,512

1,177,896

4,773,554

3,321,409

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

1

Ordinary Shares

1

8.	RELATED PARTY DISCLOSURES

Included under debtors is an amount owed from Glass Lewis & Co LLC, the shareholder, of £3,296,728 (2024 : £2,015,906).

Glass Lewis & Co LLC provided management and administration services amounting to £1,403,576 (2024 : £1,199,571).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party was the company directors.